Does migration fear affect tourism demand? Evidence from instrumental variable cointegration test

• Emrah Kocak ^{[1] [3]} ; Ali Gokhan Yucel ^{[2] [3]}
  1. [1] University of South Florida

     University of South Florida

     Estados Unidos

     
  2. [2] University of Alabama, Tuscaloosa

     University of Alabama, Tuscaloosa

     Estados Unidos

     
  3. [3] Erciyes University

     Erciyes University

     Turquía

     

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• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 29, Nº. 7, 2023, págs. 1954-1959
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Migration and migration-caused concerns and uncertainties have been rising dramatically in recent years at the global level. However, our knowledge of the impact of migration-related concerns on tourism is limited. To address this gap, we estimate the impact of the US migration fears on tourist arrivals from Western Europe to the US using a tourism demand model. The paper employs a new robust cointegration approach with instrumental variables. Our estimates suggest that tourists from Western Europe have a negative and significant long-term response to the fear of migration in the US. The results show that migration-related concerns are constraints on the development of the tourism industry in the US.