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|a This study complements existing literature by investigating how military expenditure can modulate the effect of terrorism externalities on tourism. The geographical and temporal scopes are 163 countries and the period 2010-2015. The empirical evidence is based on negative binomial regressions. Terrorism externalities are measured in terms of terror-related incidents, injuries, fatalities and damaged properties. We find that military expenditure significantly lessens the destructive impact of these terror-related incidents in order to induce positive net effects on tourism. This finding is robust to all measurements of terrorism. Homicides and violent demonstrations reduce tourists' arrivals whereas the rate of incarceration of convicted offenders has the opposite effect. The analysis is extended to income levels and regions in order to provide more opportunities for policy implications. Justifications for differences in these comparative tendencies are discussed.
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This study complements existing literature by investigating how military expenditure can modulate the effect of terrorism externalities on tourism. The geographical and temporal scopes are 163 countries and the period 2010-2015. The empirical evidence is based on negative binomial regressions. Terrorism externalities are measured in terms of terror-related incidents, injuries, fatalities and damaged properties. We find that military expenditure significantly lessens the destructive impact of these terror-related incidents in order to induce positive net effects on tourism. This finding is robust to all measurements of terrorism. Homicides and violent demonstrations reduce tourists' arrivals whereas the rate of incarceration of convicted offenders has the opposite effect. The analysis is extended to income levels and regions in order to provide more opportunities for policy implications. Justifications for differences in these comparative tendencies are discussed. |
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Asongu, Simplice VerfasserIn (DE-588)1120028450 (DE-627)873153235 (DE-576)480102392 aut, Global tourism and waves of terror perspectives from military expenditure Simplice A. Asongu, Paul N. Acha-Anyi, [Yaoundé] African Governance and Development Institute [2019], 1 Online-Ressource (circa 29 Seiten), Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, AGDI working paper WP/19, 062, This study complements existing literature by investigating how military expenditure can modulate the effect of terrorism externalities on tourism. The geographical and temporal scopes are 163 countries and the period 2010-2015. The empirical evidence is based on negative binomial regressions. Terrorism externalities are measured in terms of terror-related incidents, injuries, fatalities and damaged properties. We find that military expenditure significantly lessens the destructive impact of these terror-related incidents in order to induce positive net effects on tourism. This finding is robust to all measurements of terrorism. Homicides and violent demonstrations reduce tourists' arrivals whereas the rate of incarceration of convicted offenders has the opposite effect. The analysis is extended to income levels and regions in order to provide more opportunities for policy implications. Justifications for differences in these comparative tendencies are discussed., Acha-Anyi, Paul N. VerfasserIn (DE-588)1215268823 (DE-627)1726534448 aut, African Governance and Development Institute AGDI working paper WP/19, 062 2019,62 (DE-627)833962833 (DE-576)44467179X (DE-600)2832636-2, https://ideas.repec.org/p/agd/wpaper/19-062.html Verlag kostenfrei, http://www.afridev.org/RePEc/agd/agd-wpaper/Global-Tourism-and-Waves-of-Terror-evidence-from-military-expenditure.pdf Verlag kostenfrei, http://hdl.handle.net/10419/205032 Resolving-System kostenfrei, https://ideas.repec.org/p/agd/wpaper/19-062.html LFER, LFER 2019-12-05T00:00:00Z |
| spellingShingle |
Asongu, Simplice, Acha-Anyi, Paul N., Global tourism and waves of terror: perspectives from military expenditure, African Governance and Development Institute, AGDI working paper, WP/19, 062, This study complements existing literature by investigating how military expenditure can modulate the effect of terrorism externalities on tourism. The geographical and temporal scopes are 163 countries and the period 2010-2015. The empirical evidence is based on negative binomial regressions. Terrorism externalities are measured in terms of terror-related incidents, injuries, fatalities and damaged properties. We find that military expenditure significantly lessens the destructive impact of these terror-related incidents in order to induce positive net effects on tourism. This finding is robust to all measurements of terrorism. Homicides and violent demonstrations reduce tourists' arrivals whereas the rate of incarceration of convicted offenders has the opposite effect. The analysis is extended to income levels and regions in order to provide more opportunities for policy implications. Justifications for differences in these comparative tendencies are discussed. |
| title |
Global tourism and waves of terror: perspectives from military expenditure |
| title_auth |
Global tourism and waves of terror perspectives from military expenditure |
| title_full |
Global tourism and waves of terror perspectives from military expenditure Simplice A. Asongu, Paul N. Acha-Anyi |
| title_fullStr |
Global tourism and waves of terror perspectives from military expenditure Simplice A. Asongu, Paul N. Acha-Anyi |
| title_full_unstemmed |
Global tourism and waves of terror perspectives from military expenditure Simplice A. Asongu, Paul N. Acha-Anyi |
| title_in_hierarchy |
WP/19, 062. Global tourism and waves of terror: perspectives from military expenditure ([2019]) |
| title_short |
Global tourism and waves of terror |
| title_sort |
global tourism and waves of terror perspectives from military expenditure |
| title_sub |
perspectives from military expenditure |
| url |
https://ideas.repec.org/p/agd/wpaper/19-062.html, http://www.afridev.org/RePEc/agd/agd-wpaper/Global-Tourism-and-Waves-of-Terror-evidence-from-military-expenditure.pdf, http://hdl.handle.net/10419/205032 |
