Abstract

http://ssrn.com/abstract=1544289
 
 

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Terrorism and the Regional and Religious Risk Perception of Foreigners: The Case of German Tourists


Gabriel M. Ahlfeldt


London School of Economics & Political Science (LSE) - Department of Geography and Environment

Bastian Franke


affiliation not provided to SSRN

Wolfgang Maennig


University 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 series


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Date posted: February 7, 2010  

Suggested Citation

Ahlfeldt, Gabriel M. and Franke, Bastian and Maennig, Wolfgang, Terrorism and the Regional and Religious Risk Perception of Foreigners: The Case of German Tourists (2009). Hamburg Contemporary Economic Discussion Paper No. 24. Available at SSRN: http://ssrn.com/abstract=1544289 or http://dx.doi.org/10.2139/ssrn.1544289

Contact Information

Gabriel M. Ahlfeldt
London School of Economics & Political Science (LSE) - Department of Geography and Environment ( email )
Houghton Street
WC2A 2AE London
United Kingdom
HOME PAGE: http://personal.lse.ac.uk/ahlfeldg/
Bastian Franke
affiliation not provided to SSRN ( email )
Wolfgang Maennig (Contact Author)
University of Hamburg - Faculty of Economics and Business Administration ( email )
Von-Melle-Park 5
Hamburg, 20146
Germany
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