Pandemic‐induced uncertainty and tourism demand: Evidence on the moderator effect of democratic institutions
     
Yazarlar (4)
Prof. Dr. Oktay KIZILKAYA Kırşehir Ahi Evran Üniversitesi, Türkiye
Emrah Kocak
Erciyes Üniversitesi, Türkiye
Eyup Emre Ulug
T. C. Nuh Naci Yazgan Üniversitesi, Türkiye
Ali G. Yucel
Erciyes Üniversitesi, Türkiye
Makale Türü Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
Dergi Adı International Journal of Tourism Research (Q1)
Dergi ISSN 1099-2340 Wos Dergi Scopus Dergi
Dergi Tarandığı Indeksler SSCI
Makale Dili İngilizce Basım Tarihi 07-2024
Cilt / Sayı / Sayfa 26 / 4 / – DOI 10.1002/jtr.2725
Makale Linki https://onlinelibrary.wiley.com/doi/full/10.1002/jtr.2725
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.
Anahtar Kelimeler
democratic institutions | generalized method of moments | pandemic uncertainty | panel data | tourism demand