Abstract
ABSTRACT This study examines the effect of resource endowment and corruption on countries’ inbound foreign tourism. Specifically, we examine whether growing resource endowment crowds out tourism industry and role of corruption in this process. For this purpose, we utilize panel data of 140 countries from 1995 through 2018. We utilize estimation technique in analysis that takes care of possible endogeneity in the models. Our results show that resource endowment and corruption lead to a reduction in tourism demand. However, the prevailing high level of corruption with resource richness may provide life-blood to the tourism sector. On the basis of these results, we argue that the ‘Dutch disease’ hypothesis for tourism is valid for the tourism sector across the world.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Journal of Policy Research in Tourism, Leisure and Events
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.