2017
DOI: 10.3727/108354217x15023805452086
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Terrorism, War, and Volatility in Tourist Arrivals: The Case of Lebanon

Abstract: In this article we investigate the link between fluctuations in tourist arrivals (total, Arabs, Europeans) to Lebanon and terrorism in Lebanon on one hand, and the Syrian civil war on the other hand. This is done by estimating a set of models from the GARCH(1,1) family. Hence, in this article we attempt to model the conditional mean and conditional variance of the logarithm of monthly tourist arrivals to Lebanon between January 1995 and December 2014. The results reveal a significant negative marginal effect … Show more

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Cited by 17 publications
(9 citation statements)
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“…These results are in line with Buigut (2018) and Masinde and Buigut (2018). Due to space limitations, estimates of the remaining studies are not presented (for other countries see Afonso-Rodríguez, 2017; Bassil et al, 2015; Greenbaum and Hultquist, 2006; Hamadeh and Bassil, 2017; Karl et al, 2017; Muckley, 2011; Neumayer and Plümper, 2016; Raza and Jawaid, 2013).…”
Section: Resultssupporting
confidence: 56%
“…These results are in line with Buigut (2018) and Masinde and Buigut (2018). Due to space limitations, estimates of the remaining studies are not presented (for other countries see Afonso-Rodríguez, 2017; Bassil et al, 2015; Greenbaum and Hultquist, 2006; Hamadeh and Bassil, 2017; Karl et al, 2017; Muckley, 2011; Neumayer and Plümper, 2016; Raza and Jawaid, 2013).…”
Section: Resultssupporting
confidence: 56%
“…The paper finds that tourism demand is significantly affected in these countries by attacks that take place domestically relative to the investigated country as well as neighbouring territories. Hamadeh and Bassil [2017] analysed the impact on tourist arrivals in the Lebanon attributable to terrorism while considering the impact of the Syrian civil war, in the period between January 1995 and December 2014. The results reveal a significant negative marginal effect for terrorism on tourism demand.…”
Section: Terrorism's Impact On Aviation and Tourismmentioning
confidence: 99%
“…The model, hence, investigates the tourism–growth nexus in Lebanon controlling for the instability caused by the Syrian crisis. In this respect, our article also adds to the growing empirical evidence on tourism and growth in Lebanon (Bassil et al, 2015; Hamadeh and Bassil, 2017; Tang and Abosedra, 2014, 2016).…”
Section: Introductionmentioning
confidence: 77%