Impact of Terrorism on International tourism demand
Keywords:Tourism, Terrorism, Gravity model, POLS regression.
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.
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