How Do Economic Growth and Terrorism Affect Tourism in the Council of Europe Countries?

IF 2 Q2 HOSPITALITY, LEISURE, SPORT & TOURISM Tourism Pub Date : 2023-02-21 DOI:10.37741/t.71.1.4
Ângela Sofia Laiginhas Pina, J. Fuinhas, Zélia Serrasqueiro, Matheus Belucio
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Abstract

The Council of Europe is one of the oldest European institutions in operation. This paper aims to examine the impact of economic growth and terrorism on international tourism for 33 Council of Europe countries. The period considered for analysis encompasses data from 1995 to 2018. The Panel Autoregressive Distributed Lag method was selected to gauge the short- and long-term impacts. The effects of globalization and the real effective exchange rate were also considered. The presence of sectional dependence heteroscedasticity and first-order autocorrelation in the models inferred the use of the Driscoll & Kraay (1998) estimator. The results found here support that Council of Europe decision-makers should develop public measures that promote tourism activities. At the same time, they can propose measures aimed at increasingly reducing terrorism and develop measures to encourage the attraction and capture of international tourism through the intrinsic advantages of the globalization phenomenon.
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经济增长和恐怖主义如何影响欧洲理事会国家的旅游业?
欧洲委员会是运作中最古老的欧洲机构之一。本文旨在研究欧洲委员会33个国家的经济增长和恐怖主义对国际旅游业的影响。考虑进行分析的时期包括1995年至2018年的数据。选择面板自回归分布滞后法来衡量短期和长期影响。还考虑了全球化和实际有效汇率的影响。模型中存在的截面依赖异方差和一阶自相关推断了Driscoll&Kraay(1998)估计量的使用。研究结果支持欧洲委员会决策者制定促进旅游活动的公共措施。与此同时,他们可以提出旨在日益减少恐怖主义的措施,并制定措施,鼓励通过全球化现象的内在优势吸引和吸引国际旅游业。
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来源期刊
Tourism
Tourism HOSPITALITY, LEISURE, SPORT & TOURISM-
CiteScore
3.10
自引率
17.60%
发文量
0
审稿时长
24 weeks
期刊介绍: Journal TOURISM is an international academic and professional quarterly which welcomes articles on various aspects of travel and tourism. Th e journal emphasises the broadness and interrelatedness of the tourism sector. Manuscripts submitted to the Journal can be processed quickly if they are prepared according to the following guidelines. Manuscripts will be returned to the author with a set of instructions if they are not submitted according to our style guide. No contribution will be accepted which has been published elsewhere, unless it is specifi cally invited or agreed by the Editor.
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