Institutional quality, political risk and tourism

Research output: Contribution to JournalArticle

Abstract

This paper applies the gravity model to investigate the impacts of institutional quality coupled with political risks, distance, and socio-economic factors on tourist flow. We find that institutional quality and absence of conflict are driving factors in fostering tourism flows for both source and destination countries. Our findings suggest that institutional reform can help boost the economies of countries with low-quality institutions. While institutional change is a positive development in its own right, our results suggest that it can also have important additional economic benefits for countries that are highly dependent on tourism.
Original languageEnglish
Pages (from-to)1-10
Number of pages10
JournalTourism Management Perspectives
Volume32
Early online date17 Sep 2019
DOIs
Publication statusPublished - 1 Oct 2019

Keywords

  • Tourism
  • Institutions
  • Political risk
  • Gravity model

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