Impact of Terrorism on International tourism demand

Authors

  • Ali Raza Near East University, Institute of Social sciences, Department of Banking and finance, City Lefkosa, North Cyprus, State Mersin 10, Turkey
  • Abdul Rehman Abbasi KBSAS Sindh University, Institute of Business Administration, Department of Business Administration, City Naushahro Feroze, State Sindh, Pakistan.
  • Erum Shaikh Shaheed Benazir Bhutto University, Sanghar Campus,Pakistan
  • Sohaib Aqib Near East University, Institute of Social sciences, Department of Economics, City Lefkosa, North Cyprus, State Mersin 10, Turkey.

Keywords:

Tourism, Terrorism, Gravity model, POLS regression.

Abstract

Tourists seek safe and secure destinations and avoid that of overwhelmed with terrorism. This study quantifies the relationship between terrorism and international tourism demand in 200 destination countries and regions for the period of 1995 to 2020. To achieve the objective, the study implied two-dimensional analyses by using the gravity model through Pooled ordinary least square estimator to pay special attention towards demand distribution. Our empirical results depict that, terrorism and terrorism in a destination country has a statistically insignificant relationship on international tourism demand, more specifically, here radical decline in GDP was observed in the sub-period 2006 – 2020 due to the global financial crisis and its aftershocks which badly affects tourist’s attraction to destination countries. This study pinpoints new insights for national tourism policymakers and business purposes.         

 

Author Biographies

Ali Raza, Near East University, Institute of Social sciences, Department of Banking and finance, City Lefkosa, North Cyprus, State Mersin 10, Turkey

 

 

Abdul Rehman Abbasi , KBSAS Sindh University, Institute of Business Administration, Department of Business Administration, City Naushahro Feroze, State Sindh, Pakistan.

 

 

Sohaib Aqib, Near East University, Institute of Social sciences, Department of Economics, City Lefkosa, North Cyprus, State Mersin 10, Turkey.

 

 

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Published

2023-06-28

How to Cite

Raza, A., Abbasi , A. R., Shaikh, E., & Aqib, S. (2023). Impact of Terrorism on International tourism demand . Journal of Contemporary Business and Islamic Finance (JCBIF), 3(1), 226–239. Retrieved from https://journals.iub.edu.pk/index.php/jcbif/article/view/1686

Issue

Vol. 3 No. 1: Journal of contemporary Business and Islamic Finance

Section

Articles

License

Copyright (c) 2023 Journal of Contemporary Business and Islamic Finance (JCBIF)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

After paper acceptance in JCBIF,the author(s) has (have) must accepted the publication in the JCBIF by releasing the copyright to the Islamia University Bahawalpur-IUB-Pakistan.

Journal of contemporary business and Islamic finance (JCBIF) is licensed under a Creative Commons Attribution 4.0 International License.

The material presented by the authors does not necessarily represent the viewpoint of editorial team and the management of the Islamia University of Bahawalpur,IUB,Pakistan as well as authors institute.

 

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