Oktay Kizilkaya, Emrah Kocak, Eyup Emre Ulug, Ali G. Yucel
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Pandemic-induced uncertainty and tourism demand: Evidence on the moderator effect of democratic institutions
This paper explores the mitigating effect of democratic institutions in the nexus of tourism and pandemic-induced uncertainty in 24 Organisation for Economic Co-operation and Development (OECD) countries. Utilizing dynamic panel data analysis in the modeling process, the findings reveal that increased pandemic-related uncertainty in the target market negatively affects the tourism demand. However, the presence of democratic institutions in the destination country positively affects the tourism demand. Finally, democratic institutions help mitigate the negative effects of pandemic uncertainty on tourism demand. The research highlights that a democratic destination can provide a more favorable environment for tourism development amid pandemic uncertainty.
期刊介绍:
ACS Applied Energy Materials is an interdisciplinary journal publishing original research covering all aspects of materials, engineering, chemistry, physics and biology relevant to energy conversion and storage. The journal is devoted to reports of new and original experimental and theoretical research of an applied nature that integrate knowledge in the areas of materials, engineering, physics, bioscience, and chemistry into important energy applications.