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Terrorism and the Regional and Religious Risk Perception of Foreigners: The Case of German TouristsGabriel M. AhlfeldtLondon School of Economics & Political Science (LSE) - Department of Geography and Environment Bastian Frankeaffiliation not provided to SSRN Wolfgang MaennigUniversity of Hamburg - Faculty of Economics and Business Administration 2009 Hamburg Contemporary Economic Discussion Paper No. 24 Abstract: This paper analyses how German tourists react to unanticipated shocks that alter their risk perception of selected tourism destinations. Using a difference-in-difference strategy which flexibly accounts for macroeconomic conditions and also addresses potential problems of serial correlation, we isolate significant effects of the 9/11 (2001) terrorist attacks, as well as for the attacks in Egypt (1997), Tunisia (2002), Morocco (2003) and Indonesia (2003). These terror attacks impacted especially on Islamic countries all over the world, indicating a transmission mechanism driven by ethnic and religious proximity. At the same time, tourism into Islamic countries was temporarily substituted by tourism to (south) European countries.
Number of Pages in PDF File: 29 Keywords: Terrorism, 9/11, Islamic Countries, Tourism Demand JEL Classification: R19, D89 working papers seriesDate posted: February 7, 2010Suggested CitationContact Information
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