The effects of geopolitical risks on tourism revenues of the Middle East and Asian countries

In this study; the effects of Geopolitical Risks (GPR) on tourism revenue of the Middle East and Asia countries were examined by using panel data analysis under the cross-section dependency for the 1995-2021 period. According to the results, GPR has negative effects on tourism income in China, Hong...

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Bibliographic Details
Published inTheoretical and applied economics Vol. XXX; no. 1; pp. 77 - 90
Main Authors Ismet GOCER, Peter KOVACS
Format Journal Article
LanguageEnglish
Published General Association of Economists from Romania 01.03.2023
Subjects
geopolitical risk index
panel data analysis under the cross-sectional dependence
tourism revenue
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Summary:In this study; the effects of Geopolitical Risks (GPR) on tourism revenue of the Middle East and Asia countries were examined by using panel data analysis under the cross-section dependency for the 1995-2021 period. According to the results, GPR has negative effects on tourism income in China, Hong Kong, India, Malaysia and Korea. Relative prices have a positive effect on tourism income in Indonesia, Malaysia, S. Arabia and Thailand. There are causality relations between GPR to tourism income in China, Hong Kong, Israel, Malaysia, Philippines, Russia, Korea and Thailand. Relative prices affect the tourism income in China, Hong Kong, Israel, Malaysia, Thailand and Turkey.
ISSN:1841-8678
1844-0029