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

Journal of Travel & Tourism Marketing, 36(3), pp. 345-357 (February, 2019).

25 Pages Posted: 28 Nov 2018 Last revised: 13 Feb 2019

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Nicholas Biekpe

University of Cape Town (UCT)

Joseph Nnanna

Development Bank of Nigeria

Paul N. Acha-Anyi

University of Johannesburg - School of Tourism and Hospitality

Date Written: January 1, 2018

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.

Keywords: Terrorism; Peace; Tourism; Generalised Method of Moments; Negative Binomial Regressions; Military Expenditure; Armed Service Personnel; Security Officers and Polices; Drivers and Panel Data

JEL Classification: D74; Z32; Z38

Suggested Citation

Asongu, Simplice and Biekpe, Nicholas and Nnanna, Joseph and Acha-Anyi, Paul N., Contemporary Drivers of Global Tourism: Evidence From Terrorism and Peace Factors (January 1, 2018). Journal of Travel & Tourism Marketing, 36(3), pp. 345-357 (February, 2019). . Available at SSRN: https://ssrn.com/abstract=3278566 or http://dx.doi.org/10.2139/ssrn.3278566

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Nicholas Biekpe

University of Cape Town (UCT) ( email )

Private Bag X3
Rondebosch, Western Cape 7701
South Africa

Joseph Nnanna

Development Bank of Nigeria ( email )

Maitama, Abuja
Nigeria

Paul N. Acha-Anyi

University of Johannesburg - School of Tourism and Hospitality ( email )

South Africa

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