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Contemporary Drivers of Global Tourism: Evidence from Terrorism and Peace Factors

Author

Listed:
  • Simplice A. Asongu

    (Yaoundé/Cameroon)

  • Joseph Nnanna

    (The Development Bank of Nigeria, Abuja, Nigeria)

  • Nicholas Biekpe

    (University of Cape Town, Cape Town, South Africa)

  • Paul N. Acha-Anyi

    (University of Johannesburg, Johannesburg)

Abstract

This study examines the effect of terrorism and peace on tourist destination arrivals using a panel of 163 countries with data for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments and Negative Binomial (NB) regressions. Our best estimators are from NB regressions from which the following main findings are established. First, political instability, violent demonstrations and number of homicides negatively affect tourist arrivals while the number of incarcerations positively influences the outcome variable. Second the effects from military expenditure, “armed service personnel†and “security officers and polices†are not positively significant. Managerial implications are discussed.

Suggested Citation

  • Simplice A. Asongu & Joseph Nnanna & Nicholas Biekpe & Paul N. Acha-Anyi, 2018. "Contemporary Drivers of Global Tourism: Evidence from Terrorism and Peace Factors," AFEA Working Papers 18/039, African Finance and Economic Association (AFEA).
    • Handle: RePEc:afe:wpaper:18/039
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    Cited by:

    1. Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "The Mobile Phone, Information Sharing, and Financial Sector Development in Africa: a Quantile Regression Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1234-1269, September.
    2. Simplice A. Asongu & Joseph I. Uduji & Elda N. Okolo-Obasi, 2019. "Tourism and insecurity in the world," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 66(4), pages 453-472, December.
    3. Simplice A. Asongu & Joseph Nnanna, 2019. "Dynamic Determinants of Access to Weapons: Global Evidence," Foreign Trade Review, , vol. 54(4), pages 334-354, November.
    4. Simplice A. Asongu, 2019. "The persistence of global terrorism," Working Papers of the African Governance and Development Institute. 19/053, African Governance and Development Institute..
    5. Alola, Andrew & Asongu, Simplice & Alola, Uju, 2019. "House prices and tourism development in Cyprus: A contemporary perspective," MPRA Paper 101795, University Library of Munich, Germany.
    6. Simplice A. Asongu & Joseph Nnanna, 2019. "Determinants of Access to Weapons: Global Evidence," CEREDEC Working Papers 19/008, Centre de Recherche pour le Développement Economique (CEREDEC).

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    More about this item

    Keywords

    Terrorism; Peace; Tourism;
    All these keywords.

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • Z38 - Other Special Topics - - Tourism Economics - - - Policy

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