Institutional quality, political risk and tourism

Ghalia, Thaana and Fidrmuc, Jan and Samargandi, Nahla and Sohag, Kazi,(2019), Institutional quality, political risk and tourism. , Tourism Management Perspectives, Elsevier Ltd

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This paper applies the gravity model to investigate the impacts of institutional quality coupled with political risks, distance, and socio-economic factors on tourist flow. We find that institutional quality and absence of conflict are driving factors in fostering tourism flows for both source and destination countries. Our findings suggest that institutional reform can help boost the economies of countries with low-quality institutions. While institutional change is a positive development in its own right, our results suggest that it can also have important additional economic benefits for countries that are highly dependent on tourism.
Keywords : Tourism Institutions Political risk Gravity model, UNSPECIFIED
Journal or Publication Title: Tourism Management Perspectives
Volume: 32
Item Type: Article
Subjects: Manajemen
Depositing User: Arief Eryka Zendy
Date Deposited: 26 Dec 2019 07:49
Last Modified: 26 Dec 2019 07:49

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