Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/269066 
Year of Publication: 
2022
Series/Report no.: 
AGDI Working Paper No. WP/22/059
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
The purpose of this study is to assess how some governance dynamics such as political stability and the rule of law modulate the incidence of some macroeconomic factors (i.e. domestic investment and trade openness) on tourism development. The focus of this study is on 47 countries in sub-Saharan Africa with data from 2002 to 2018, and the Generalized Method of Moments is employed as the empirical strategy. From the findings, synergy effects are apparent in the role of the rule of law in modulating domestic investment for tourism development in terms of tourism receipts. It follows that, for the sampled countries, promoting tourism development can be most effective if policies for enhancing domestic investment and promoting the rule of law are implemented simultaneously.
Subjects: 
Tourism Management
Economic Growth
Sub-Saharan Africa
JEL: 
O10
O40
Z3
Z32
Document Type: 
Working Paper

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