Resumen de Natural disasters, trade openness and international tourism: the role of incomelevels across countries
Luke Emeka Okafor, Ogechi Adeola, Oludele Folarin
This study uses a gravity framework to investigate the effects of natural disasters and tradeopenness on bilateral tourismflows. This includes investigating the influence of income levelsacross countries in the underlying relationships. Results show that the effects of naturaldisasters and trade openness on tourismflows differ by income groups. For instance,population share affected by storms negatively affect tourismflows in low-income countries,whereas its effect in high-income countries is statistically insignificant. The results also indicatethat the negative effect of volcanoes on tourismflows persists after a year in some incomegroups. Furthermore, trade openness promotes tourismflows in low-income countries, while itseffect in high-income countries is statistically insignificant. Appropriate urban planning shouldbe used as a tool to prevent the construction of buildings in high-risk areas to reduce the shareof the population that are exposed to danger in the event of natural disasters.
