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Role of geopolitical risk, currency fluctuation, and economic policy on tourist arrivals: temporal analysis of BRICS economies.
Reivan-Ortiz, Geovanny Genaro; Cong, Phan The; Wong, Wing-Keung; Ali, Anis; Thu, Huong Tran Thi; Akhter, Shamim.
Afiliação
  • Reivan-Ortiz GG; Laboratory of Basic Psychology, Behavioral Analysis and Programmatic Development (PAD-LAB), Catholic University of Cuenca, Cuenca, Ecuador.
  • Cong PT; Faculty of Economics, Thuongmai University, Hanoi, Vietnam. congpt@tmu.edu.vn.
  • Wong WK; Department of Finance, Fintech & Blockchain Research Center, and Big Data Research Center, Asia University, 41354, Taichung, Taiwan.
  • Ali A; Department of Medical Research, China Medical University Hospital, 40447, Taichung, Taiwan.
  • Thu HTT; Department of Economics and Finance, The Hang Seng University of Hong Kong, 999077, Hong Kong, China.
  • Akhter S; Department of Management, College of Business Administration, Prince Sattam Bin Abdulaziz University, Al-Kharj, Saudi Arabia.
Environ Sci Pollut Res Int ; 30(32): 78339-78352, 2023 Jul.
Article em En | MEDLINE | ID: mdl-37269525
The tourism industry is vulnerable to a range of economic and political factors, which can have both short-term and long-term impacts on tourist arrivals. The study aims to investigate the temporal dynamics of these factors and their impact on tourist arrivals. The method employed is a panel data regression analysis, using data from BRICS economies over a period of 1980-2020. The dependent variable is the number of tourist arrivals, while the independent variables are geopolitical risk, currency fluctuation, and economic policy. Control variables such as GDP, exchange rate, and distance to major tourist destinations are also included. The results show that geopolitical risk and currency fluctuation have a significant negative impact on tourist arrivals, while economic policy has a positive impact. The study also finds that the impact of geopolitical risk is stronger in the short term, while the impact of economic policy is stronger in the long term. Additionally, the study shows that the effects of these factors on tourist arrivals vary across BRICS countries. The policy implications of this study suggest that BRICS economies need to develop proactive economic policies that promote stability and encourage investment in the tourism industry.
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Texto completo: 1 Coleções: 01-internacional Base de dados: MEDLINE Assunto principal: Viagem / Investimentos em Saúde Tipo de estudo: Etiology_studies / Health_economic_evaluation / Risk_factors_studies Idioma: En Revista: Environ Sci Pollut Res Int Assunto da revista: SAUDE AMBIENTAL / TOXICOLOGIA Ano de publicação: 2023 Tipo de documento: Article País de afiliação: Equador País de publicação: Alemanha
Texto completo
Adicionar na Minha BVS
Imprimir
XML
PubMed Links
Buscar no Google

Texto completo: 1 Coleções: 01-internacional Base de dados: MEDLINE Assunto principal: Viagem / Investimentos em Saúde Tipo de estudo: Etiology_studies / Health_economic_evaluation / Risk_factors_studies Idioma: En Revista: Environ Sci Pollut Res Int Assunto da revista: SAUDE AMBIENTAL / TOXICOLOGIA Ano de publicação: 2023 Tipo de documento: Article País de afiliação: Equador País de publicação: Alemanha