IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v29y2023i4p952-985.html
   My bibliography  Save this article

Last chance to travel or safety first? The influence of exposure to natural hazards and coping capacities on tourism consumption

Author

Listed:
  • Canh P Nguyen

Abstract

The literature shows that natural disasters adversely affect international (arrivals) tourism. However, there seems to have been a lack of consideration of the dynamics of domestic and outbound (departure) tourism consumption in respect of natural hazards. To address this gap, this study uses a unique dataset of exposure to natural hazards and coping capacities for a global sample of 145 economies from 2011 to 2019 to examine the influence on domestic, outbound and total tourism spending. Exposure appears to have inverted U-shaped relationships with domestic and total tourism spending, and a U-shaped relationship with outbound spending. Coping capacities, in contrast, have U-shaped relationships with domestic and total tourism spending, with an inverted U-shaped relationship with outbound spending. Lastly, the analyses for four income groups and seven regions show some heteroscedasticity. The findings suggest that governments should build coping capacities for the recovery of tourism after disaster events. JEL codes : Z32, Z38, Q01, Q54

Suggested Citation

  • Canh P Nguyen, 2023. "Last chance to travel or safety first? The influence of exposure to natural hazards and coping capacities on tourism consumption," Tourism Economics, , vol. 29(4), pages 952-985, June.
    • Handle: RePEc:sae:toueco:v:29:y:2023:i:4:p:952-985
    DOI: 10.1177/13548166221077648
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/13548166221077648
    Download Restriction: no
    File URL: https://libkey.io/10.1177/13548166221077648?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Keating, Byron W. & Kriz, Anton, 2008. "Outbound tourism from China: literature review and research agenda," MPRA Paper 40509, University Library of Munich, Germany.
    2. Loïc Dé & Tony Rey & Frederic Leone & David Gilbert, 2018. "Sustainable livelihoods and effectiveness of disaster responses: a case study of tropical cyclone Pam in Vanuatu," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 91(3), pages 1203-1221, April.
    3. Wamboye, Evelyn F. & Nyaronga, Peter John & Sergi, Bruno S., 2020. "What are the determinant of international tourism in Tanzania?," World Development Perspectives, Elsevier, vol. 17(C).
    4. M. Hashem Pesaran, 2021. "General diagnostic tests for cross-sectional dependence in panels," Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
    5. Ronald Kumar, 2014. "Exploring the nexus between tourism, remittances and growth in Kenya," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(3), pages 1573-1588, May.
    6. Martins, Luís Filipe & Gan, Yi & Ferreira-Lopes, Alexandra, 2017. "An empirical analysis of the influence of macroeconomic determinants on World tourism demand," Tourism Management, Elsevier, vol. 61(C), pages 248-260.
    7. Beck, Nathaniel & Katz, Jonathan N., 1995. "What To Do (and Not to Do) with Time-Series Cross-Section Data," American Political Science Review, Cambridge University Press, vol. 89(3), pages 634-647, September.
    8. Lingling Wu & Tetsuo Shimizu, 2020. "Analyzing dynamic change of tourism destination image under the occurrence of a natural disaster: evidence from Japan," Current Issues in Tourism, Taylor & Francis Journals, vol. 23(16), pages 2042-2058, August.
    9. Santana-Gallego, Maria & Fourie, Johan & Rosselló, Jaume, 2020. "The effect of safety and security issues on international tourism," Annals of Tourism Research, Elsevier, vol. 80(C).
    10. W J Wouter Botzen & Olivier Deschenes & Mark Sanders, 2019. "The Economic Impacts of Natural Disasters: A Review of Models and Empirical Studies," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 13(2), pages 167-188.
    11. Ronald Kumar & Peter Stauvermann, 2014. "Exploring the nexus between remittances and economic growth: a study of Bangladesh," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 61(4), pages 399-415, December.
    12. Sawada, Yasuyuki & Takasaki, Yoshito, 2017. "Natural Disaster, Poverty, and Development: An Introduction," World Development, Elsevier, vol. 94(C), pages 2-15.
    13. C. Orchiston & J.E.S. Higham, 2016. "Knowledge management and tourism recovery (de)marketing: the Christchurch earthquakes 2010–2011," Current Issues in Tourism, Taylor & Francis Journals, vol. 19(1), pages 64-84, January.
    14. Yang, Yang & Liu, Ze-Hua & Qi, Qiuyin, 2014. "Domestic tourism demand of urban and rural residents in China: Does relative income matter?," Tourism Management, Elsevier, vol. 40(C), pages 193-202.
    15. Daniel Hoechle, 2007. "Robust standard errors for panel regressions with cross-sectional dependence," Stata Journal, StataCorp LP, vol. 7(3), pages 281-312, September.
    16. Zhang, Jiekuan & Zhang, Yan, 2020. "Tourism and gender equality: An Asian perspective," Annals of Tourism Research, Elsevier, vol. 85(C).
    17. Sauveur Giannoni & Marie-Antoinette Maupertuis, 2007. "Environmental Quality and Optimal Investment in Tourism Infrastructures: A Small Island Perspective," Tourism Economics, , vol. 13(4), pages 499-513, December.
    18. Tzu-Ming Liu, 2014. "Analysis of the Economic Impact of Meteorological Disasters on Tourism: The Case of Typhoon Morakot's Impact on the Maolin National Scenic Area in Taiwan," Tourism Economics, , vol. 20(1), pages 143-156, February.
    19. Simone Marsiglio, 2017. "On the carrying capacity and the optimal number of visitors in tourism destinations," Tourism Economics, , vol. 23(3), pages 632-646, May.
    20. Bernard Njindan Iyke & Sin-Yu Ho, 2018. "Real exchange rate volatility and domestic consumption in Ghana," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 19(5), pages 513-523, June.
    21. Tonino Pencarelli, 2020. "The digital revolution in the travel and tourism industry," Information Technology & Tourism, Springer, vol. 22(3), pages 455-476, September.
    22. Aliperti, Giuseppe & Sandholz, Simone & Hagenlocher, Michael & Rizzi, Francesco & Frey, Marco & Garschagen, Matthias, 2019. "Tourism, Crisis, Disaster: An Interdisciplinary Approach," Annals of Tourism Research, Elsevier, vol. 79(C).
    23. Li Cheng & Jun Zhang, 2020. "Is tourism development a catalyst of economic recovery following natural disaster? An analysis of economic resilience and spatial variability," Current Issues in Tourism, Taylor & Francis Journals, vol. 23(20), pages 2602-2623, October.
    24. Baryshnikova, Nadezhda V. & Pham, Ngoc T.A., 2019. "Natural disasters and mental health: A quantile approach," Economics Letters, Elsevier, vol. 180(C), pages 62-66.
    25. Okuyama, Tadahiro, 2018. "Analysis of optimal timing of tourism demand recovery policies from natural disaster using the contingent behavior method," Tourism Management, Elsevier, vol. 64(C), pages 37-54.
    26. Canh, Nguyen Phuc & Thanh, Su Dinh, 2020. "Domestic tourism spending and economic vulnerability," Annals of Tourism Research, Elsevier, vol. 85(C).
    27. Umit Bulut & Emrah Kocak & Courtney Suess, 2020. "The effect of freedom on international tourism demand: Empirical evidence from the top eight most visited countries," Tourism Economics, , vol. 26(8), pages 1358-1373, December.
    28. Athanasopoulos, George & Deng, Minfeng & Li, Gang & Song, Haiyan, 2014. "Modelling substitution between domestic and outbound tourism in Australia: A system-of-equations approach," Tourism Management, Elsevier, vol. 45(C), pages 159-170.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Canh Phuc Nguyen & Su Dinh Thanh & Bach Nguyen, 2022. "Economic uncertainty and tourism consumption," Tourism Economics, , vol. 28(4), pages 920-941, June.
    2. Meng, Chang & Ghafoori, Noorulhaq, 2024. "The economic impact of terrorism in South Asia," Socio-Economic Planning Sciences, Elsevier, vol. 96(C).
    3. Guerino Ardizzi & Carmelo Petraglia & Massimiliano Piacenza & Friedrich Schneider & Gilberto Turati, 2014. "Money Laundering as a Crime in the Financial Sector: A New Approach to Quantitative Assessment, with an Application to Italy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(8), pages 1555-1590, December.
    4. D. O. Olayungbo & Ahmod Quadri, 2019. "Remittances, financial development and economic growth in sub-Saharan African countries: evidence from a PMG-ARDL approach," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 5(1), pages 1-25, December.
    5. Ofori, Isaac K. & Freytag, Andreas & Asongu, Simplice A., 2024. "Economic globalisation and Africa's quest for greener and more inclusive growth: The missing link," International Economics, Elsevier, vol. 178(C).
    6. Phetkeo Poumanyvong & Shinji Kaneko & Shobhakar Dhakal, 2012. "Impacts of urbanization on national residential energy use and CO2 emissions: Evidence from low-, middle- and high-income countries," IDEC DP2 Series 2-5, Hiroshima University, Graduate School for International Development and Cooperation (IDEC).
    7. Wei Li & Tao Zhao & Yanan Wang & Fang Guo, 2017. "Investigating the learning effects of technological advancement on CO2 emissions: a regional analysis in China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 88(2), pages 1211-1227, September.
    8. Bach Nguyen & Nguyen Phuc Canh & Su Dinh Thanh, 2021. "Institutions, Human Capital and Entrepreneurship Density," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1270-1293, September.
    9. Ulrich Gunter & Egon Smeral, 2016. "The decline of tourism income elasticities in a global context," Tourism Economics, , vol. 22(3), pages 466-483, June.
    10. Rita De Siano & Rosaria Rita Canale, 2024. "The role of tourism in European regions’ economic recovery: A spatial perspective," Tourism Economics, , vol. 30(8), pages 2021-2042, December.
    11. Tan, Qingmei & Yasmeen, Humaira & Ali, Sharafat & Ismail, Hina & Zameer, Hashim, 2023. "Fintech development, renewable energy consumption, government effectiveness and management of natural resources along the belt and road countries," Resources Policy, Elsevier, vol. 80(C).
    12. Zhang, Chuanguo & Zhou, Xiangxue, 2016. "Does foreign direct investment lead to lower CO2 emissions? Evidence from a regional analysis in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 943-951.
    13. Eleftherios Giovanis & Oznur Ozdamar, 2022. "The impact of climate change on budget balances and debt in the Middle East and North Africa (MENA) region," Climatic Change, Springer, vol. 172(3), pages 1-27, June.
    14. Zhang, Chuanguo & Lin, Yan, 2012. "Panel estimation for urbanization, energy consumption and CO2 emissions: A regional analysis in China," Energy Policy, Elsevier, vol. 49(C), pages 488-498.
    15. Ming-Chieh Wang & Chang-Sheng Wang, 2018. "Tourism, the environment, and energy policies," Tourism Economics, , vol. 24(7), pages 821-838, November.
    16. Muhammad Amin Hasan & Mr. Abdullah & Muhammad Arsalan Hashmi & Ali Sajid, 2022. "International Remittances and International Tourism Development in South Asia: The Moderating Role of Political Stability," Journal of Economic Impact, Science Impact Publishers, vol. 4(3), pages 177-187.
    17. Arestis, Philip & Gonzalez-Martinez, Ana Rosa, 2016. "Revisiting the accelerator principle in a world of uncertainty: Some empirical evidence," Economic Modelling, Elsevier, vol. 56(C), pages 35-42.
    18. Isaac K. Ofori & Andreas Freytag & Simplice A. Asongu, 2023. "Economic globalisation and Africa’s quest for greener and more inclusive growth: The missing link," Working Papers 23/032, European Xtramile Centre of African Studies (EXCAS).
    19. Canh, Nguyen Phuc & Thanh, Su Dinh, 2020. "Financial development and the shadow economy: A multi-dimensional analysis," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 37-54.
    20. Kassi, Diby François & Sun, Gang & Ding, Ning & Rathnayake, Dilesha Nawadali & Assamoi, Guy Roland, 2019. "Asymmetry in exchange rate pass-through to consumer prices: Evidence from emerging and developing Asian countries," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 357-372.

    More about this item

    Keywords

    tourism; natural disaster; exposure; coping capacities;
    All these keywords.

    JEL classification:

    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • Z38 - Other Special Topics - - Tourism Economics - - - Policy
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:toueco:v:29:y:2023:i:4:p:952-985. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.