Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/204989
Authors: 
Asongu, Simplice
Nnanna, Joseph
Biekpe, Nicholas
Acha-Anyi, Paul N.
Year of Publication: 
2018
Series/Report no.: 
AGDI Working Paper WP/18/046
Abstract: 
This study examines the effect of terrorism and peace on tourist destination arrivals using a panel of 163 countries with data for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments and Negative Binomial (NB) regressions. Our best estimators are from NB regressions from which the following main findings are established. First, political instability, violent demonstrations and number of homicides negatively affect tourist arrivals while the number of incarcerations positively influences the outcome variable. Second the effects from military expenditure, "armed service personnel" and "security officers and polices" are not positively significant. Managerial implications are discussed.
Subjects: 
Terrorism
Peace
Tourism
Generalised Method of Moments
Negative Binomial Regressions
Military expenditure
Armed service personnel
Security officers and polices
Drivers and Panel data
JEL: 
D74
Z32
Z38
Document Type: 
Working Paper

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