The Implication of Political Risk and Specific Macroeconomic Variables on Total Revenue in Tourism Industry
Thomas Habanabakize,
Lerato Mothibi
Abstract:Political risk is one factor that influences tourism performance as a tourist is more sensitive to the hosting country’s political environment. In addition, to the effect of country risk on the tourism industry, the global economy has recently experienced severe shocks due to high inflation rates, political risk, and currency volatility. This paper aims to investigate the implications of political risk, inflation, and exchange rate volatilities on tourism revenue in South Africa. A sample of 144 monthly data w… Show more
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