Impact of the rule of law, corruption and terrorism on tourism: Empirical evidence from Mediterranean countries

IF 7.6 1区 经济学 Q1 ECONOMICS Oeconomia Copernicana Pub Date : 2023-09-30 DOI:10.24136/oc.2023.02930
Yilmaz Bayar, Marius Dan Gavriletea, Rita Remeikienė
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Abstract

Research background: Tourism sector is considered as a driving force of economic development and understanding factors that deter the flow of tourists and hinder its development, which is essential for all actors involved in this industry. Purpose of the article: The purpose of the article is to investigate the impact of rule of law, corruption, and terrorism on tourism in 14 coastal states of the Mediterranean Sea based on the United Nations classification. Methods: The short and long-run relationships among the rule of law, corruption, terrorism and tourism are respectively analyzed through Dumitrescu and Hurlin causality test and LM bootstrap cointegration test taking notice of the presence of heterogeneity and cross-sectional dependence. Findings & value added: The causality analysis reveals that control of corruption has a significant influence on tourism only in the short run. The cointegration analysis uncovers that terrorism negatively affects the tourism in Albania, Algeria, Egypt, and Tunisia, but improvements in corruption also positively affect the tourism in Albania, Algeria, Bosnia and Herzegovina, Greece and Italy. Last, the rule of law has a positive impact on tourism in Egypt, Greece, and Israel. In this context, the rule of law can also be a key factor for tourism development via combat with corruption and terrorism. Based on some unique characteristics, the Mediterranean region has consolidated its position as the world's leading tourist destination, but to maintain this competitive position, it is crucial to recognize and adopt strategies that respond to all key challenges faced by this sector.
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法治、腐败和恐怖主义对旅游业的影响:来自地中海国家的经验证据
研究背景:旅游业被认为是经济发展的驱动力,了解阻碍游客流动和阻碍其发展的因素,这对该行业的所有参与者都至关重要。文章的目的:本文的目的是根据联合国的分类,调查法治、腐败和恐怖主义对地中海14个沿海国家旅游业的影响。方法:通过Dumitrescu和Hurlin因果检验和LM自举协整检验,分别分析法治、腐败、恐怖主义和旅游三者之间的短期和长期关系,注意异质性和横截面依赖性的存在。的发现,因果关系分析表明,控制腐败对旅游业的影响仅在短期内显著。协整分析发现,恐怖主义对阿尔巴尼亚、阿尔及利亚、埃及和突尼斯的旅游业产生了负面影响,但腐败的改善也对阿尔巴尼亚、阿尔及利亚、波斯尼亚和黑塞哥维那、希腊和意大利的旅游业产生了积极影响。最后,法治对埃及、希腊和以色列的旅游业产生了积极影响。在此背景下,通过打击腐败和恐怖主义,法治也可以成为旅游业发展的关键因素。基于一些独特的特点,地中海地区巩固了其作为世界主要旅游目的地的地位,但为了保持这一竞争地位,认识到并采取应对该部门面临的所有关键挑战的战略至关重要。
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来源期刊
CiteScore
13.70
自引率
5.90%
发文量
26
审稿时长
24 weeks
期刊介绍: The Oeconomia Copernicana is an academic quarterly journal aimed at academicians, economic policymakers, and students studying finance, accounting, management, and economics. It publishes academic articles on contemporary issues in economics, finance, banking, accounting, and management from various research perspectives. The journal's mission is to publish advanced theoretical and empirical research that contributes to the development of these disciplines and has practical relevance. The journal encourages the use of various research methods, including falsification of conventional understanding, theory building through inductive or qualitative research, first empirical testing of theories, meta-analysis with theoretical implications, constructive replication, and a combination of qualitative, quantitative, field, laboratory, and meta-analytic approaches. While the journal prioritizes comprehensive manuscripts that include methodological-based theoretical and empirical research with implications for policymaking, it also welcomes submissions focused solely on theory or methodology.
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