Impact of political risk and economic growth on the tourism industry: Evidence from a dynamic threshold panel model

被引：2
作者：
Jaisinghani, Dinesh [1 ]
Kaur, Muskan [2 ]
Joshi, Mahesh [3 ,5 ]
Sharma, Sharad [4 ]
Ahmed, Abdullahi D. [4 ]
机构：
[1] CIHE Canberra, Canberra, ACT, Australia
[2] Univ Delhi, Fac Management Studies, Delhi, India
[3] RMIT Univ, Melbourne, Australia
[4] RMIT Univ, Sch ASICS, Dept Financial Planning & Tax, Melbourne, Australia
[5] RMIT Univ, Dept Financial Planning & Tax, 124 La Trobe St, Melbourne, Vic 3000, Australia
来源：
TOURISM ECONOMICS | 2024年 / 30卷 / 06期
关键词：
dynamic threshold panel; economic development; economic growth; political stability; tourism industry; INCOME-DISTRIBUTION; TERRORISM; INSTABILITY; PERSISTENCE; ENVIRONMENT; CORRUPTION; PERCEPTION; DEMAND; POLICY;
D O I：
10.1177/13548166231212244
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyzes the nonlinear impact of political risk and economic development on tourism revenues. A dynamic threshold panel model is applied to a sample of 119 countries over 8 years. A positive association between economic development and tourism revenues is identified. The results also show that the impact of improvements in political stability on growth in tourism revenues is dependent on the current level of economic development. For highly developed countries, increased political stability does not impact tourism revenues. However, there is a significant positive impact of improved political stability on tourism revenues for less-developed countries.
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页码：1448 / 1464
页数：17
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