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The Impact of Geopolitical Risks on Tourism Supply in Developing Economies: The Moderating Role of Social Globalization

Gozgor, G.; Lau, C.; Zeng, Y.; Yan, C.; Lin, Z.

The Impact of Geopolitical Risks on Tourism Supply in Developing Economies: The Moderating Role of Social Globalization Thumbnail


Authors

G. Gozgor

C. Lau

Y. Zeng

C. Yan



Abstract

Capital investment is vital for sustainable tourism growth, particularly in times of geopolitical turmoil. This study examines how tourism investment was influenced by geopolitical risks considering social globalization as a moderating factor. Data were collected from 18 developing economies between 1995 and 2018. The results from the fixed effects and the least squares dummy variable–corrected methods show that the geopolitical risks negatively affect capital investment in tourism, with social globalization playing a moderating role in alleviating the adverse effect. The results were robust to different measures and analyses. The study advances our understanding of sustainable tourism growth amid geopolitical turmoil. Policymakers, especially those from developing economies, are suggested to be vigilant about the media atmosphere of geopolitics and enhancing social globalization as a countermeasure against politically turbulent times. The study also provides implications for alleviating the impact of the global pandemic on tourism investment.

Citation

Gozgor, G., Lau, C., Zeng, Y., Yan, C., & Lin, Z. (2022). The Impact of Geopolitical Risks on Tourism Supply in Developing Economies: The Moderating Role of Social Globalization. Journal of Travel Research, 61(4), 872-886. https://doi.org/10.1177/2f00472875211004760

Journal Article Type Article
Acceptance Date Feb 25, 2021
Online Publication Date Apr 8, 2021
Publication Date Apr 1, 2022
Deposit Date Mar 3, 2021
Publicly Available Date Mar 5, 2021
Journal Journal of Travel Research
Print ISSN 0047-2875
Electronic ISSN 1552-6763
Publisher SAGE Publications
Peer Reviewed Peer Reviewed
Volume 61
Issue 4
Pages 872-886
DOI https://doi.org/10.1177/2f00472875211004760
Public URL https://durham-repository.worktribe.com/output/1279726

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Accepted Journal Article (454 Kb)
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Publisher Licence URL
http://creativecommons.org/licenses/by-nc-nd/4.0/

Copyright Statement
This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access pages (https://us.sagepub.com/en-us/nam/open-access-at-sage).






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