Does Political and Economic Freedom Matter for Inbound Tourism? A Cross-National Panel Data Estimation

Saha, Shrabani; Su, Jen‐Je; Campbell, Neil

doi:10.1177/0047287515627028

Cited by 96 publications

(105 citation statements)

References 33 publications

(54 reference statements)

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“…Gozgor et al (2017) find that the greater role of the military in politics is negatively related to the inbound tourism in Turkey for the period from 1984 to 2014. Finally, using the fixed-effects estimations, Saha et al (2017) observe that there are the positive effects of the civil liberties and the economic freedom on the inbound tourism in the panel dataset of 110 countries for the period from 1995 to 2012.…”

Section: Literature Reviewmentioning

confidence: 94%

“…Many studies in the literature analyze macroeconomic and non-economic determinants of inbound tourism. For instance, conflicts, political instability, security, and terrorism are also used as potential uncertainty sources affecting tourism development (Ghaderi et al, 2017;Saha and Yap 2014;Saha et al, 2017). The negative impact of terrorism on inbound tourism is also a well-known fact (Araña and León, 2008;Enders et al, 1992;Thompson, 2011).…”

Section: Introductionmentioning

confidence: 99%

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Do geopolitical risks matter for inbound tourism?

2019

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This paper aims to analyze the impact of geopolitical risks measured by a new index of geopolitical risk (GPR) on inbound tourism. For this purpose, we use the fixed-effects and the Least Squares Dummy Variable Corrected (LSDVC) estimations for panel data of 18 countries for the period from 1995 to 2016. We find that geopolitical risks negatively affect inbound tourism. We also implement various robustness checks, such as introducing control variables, considering the lagged effect of the GPR, and utilizing different econometric techniques.

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Section: Literature Reviewmentioning

confidence: 94%

Section: Introductionmentioning

confidence: 99%

Do geopolitical risks matter for inbound tourism?

2019

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“…The study was based on a sample of 85 countries and showed that countries that are interested in improving the business climate, such as promoting economic freedom, are the beneficiaries rather than the multinational companies. As for Saha et al (2017) found a causal link between economic freedom and political inbound tourism for more than 110 countries during 1995-2012. In general, most studies confirm the importance and role of economic freedom in attracting foreign direct investment and raising the rate of economic growth.…”

Section: Literature Reviewmentioning

confidence: 96%

The Relationship between Economic Freedom and FDI versus Economic Growth: Evidence from the GCC Countries

Dkhili

Dhiab

2018

JRFM

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This study aims to explain the role of economic freedom in attracting foreign investments and thus raising the level of economic growth. Through a study based on a sample composed of the Gulf Cooperation Council (GCC) countries. A standard model consisting of GCC countries (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, and Oman) was used during the period from 1995 to 2017. We based on the analytical descriptive and secondly, we used a multivariate analysis based on the panel unit root test, the cointegration and finally the regression Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) following the existence of a long-term integration, which includes the modern standard methods to determine the role of economic freedom in raising foreign direct investment and thus economic growth in the second stage. The research findings from GCC countries support the literature, suggesting that there are indeed some indications that greater levels of economic freedom support higher rates of economic growth in a country.

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“…However, the other most influential paper treating the link of interest has employed different methodology, thus the direct comparison was not possible. Apart from this it is important to emphasize that Saha et al (2016) report a positive link of economic freedom on tourism industry.…”

Section: Resultsmentioning

confidence: 99%

Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism

Šatrović

2019

Cankiri Karatekin Universitesi Iktisadi Ve Idari Bilimler Fakultesi Dergisi

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This paper explores the dynamic relationship between economic freedom and the tourism industry while controlling for the potential heterogeneity. Countries that report high levels of economic freedom index tend to have a more favorable business climate that increases the stability of the labor market; monetary system and rule of law. As a consequence, it can attract more investments in different sectors including the tourism industry. Thereby, economic freedom is expected to cause the tourism industry. Herein, we have explored the link of interest by collecting the balanced panel data for 87 countries over the period 2002-2015. The methodology includes the panel VAR model. The findings of this article suggest a unidirectional link running from economic freedom to the tourism industry. Given the importance of the tourism industry, this paper suggests that governments should make necessary changes to foster economic freedom since it is found to be an important factor to attract foreign tourists.

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Does Political and Economic Freedom Matter for Inbound Tourism? A Cross-National Panel Data Estimation

Cited by 96 publications

References 33 publications

Do geopolitical risks matter for inbound tourism?

Do geopolitical risks matter for inbound tourism?

The Relationship between Economic Freedom and FDI versus Economic Growth: Evidence from the GCC Countries

Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism

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