Pandemic-induced uncertainty and tourism demand: Evidence on the moderator effect of democratic institutions

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Tarih

2024

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Wiley

Erişim Hakkı

info:eu-repo/semantics/closedAccess

Özet

This paper explores the mitigating effect of democratic institutions in the nexus of tourism and pandemic-induced uncertainty in 24 Organisation for Economic Co-operation and Development (OECD) countries. Utilizing dynamic panel data analysis in the modeling process, the findings reveal that increased pandemic-related uncertainty in the target market negatively affects the tourism demand. However, the presence of democratic institutions in the destination country positively affects the tourism demand. Finally, democratic institutions help mitigate the negative effects of pandemic uncertainty on tourism demand. The research highlights that a democratic destination can provide a more favorable environment for tourism development amid pandemic uncertainty.

Açıklama

Anahtar Kelimeler

democratic institutions, generalized method of moments, pandemic uncertainty, panel data, tourism demand

Kaynak

International Journal of Tourism Research

WoS Q Değeri

Q1

Scopus Q Değeri

Q1

Cilt

26

Sayı

4

Künye