1. Does good governance attract tourists?
- Author
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Sauveur Giannoni, Claudio Detotto, Claire Goavec, Lieux, Identités, eSpaces, Activités (LISA), Centre National de la Recherche Scientifique (CNRS)-Université Pascal Paoli (UPP), CRENoS, and Université Pascal Paoli (UPP)-Centre National de la Recherche Scientifique (CNRS)
- Subjects
Strategy and Management ,Corporate governance ,05 social sciences ,Transportation ,Development ,[SHS.ECO]Humanities and Social Sciences/Economics and Finance ,Inbound tourism ,Worldwide Governance Indicators ,Good governance ,Economy ,Tourism, Leisure and Hospitality Management ,0502 economics and business ,Development economics ,Economic impact analysis ,Business ,050207 economics ,Empirical evidence ,ComputingMilieux_MISCELLANEOUS ,050212 sport, leisure & tourism ,Tourism ,Panel data - Abstract
No effort has been made to connect good governance and the performance of the tourism industry at the country level. We take a first step to provide empirical evidence of this positive effect. Based on a data set of 100 countries between 2002 and 2012, the impact of the Worldwide Governance Indicators (WGI) on the tourism industry is analyzed, controlling also for demographic, economic and environmental factors. Using a dynamic panel data approach, we highlight the role played by good governance in explaining differences in countries’ tourism performances, measured here as inbound tourism expenditures per inhabitant. We also observe that the impact of WGI is even higher among low-openness countries.
- Published
- 2021