The role of institutional quality on tourist arrivals in leading emerging economies

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dc.authoridhttps://orcid.org/0000-0002-3926-6231
dc.contributor.authorUzar, Umut
dc.contributor.authorEyüboğlu, Kemal
dc.contributor.authorAlola, Uju Violet
dc.date.accessioned2025-06-04T09:04:42Z
dc.date.available2025-06-04T09:04:42Z
dc.date.issued2024
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesi
dc.description.abstractThis study explores the relationship between tourist arrivals and institutional quality in leading emerging economies (Brazil, China, India, Indonesia, Mexico, Russia, and Turkey) during 1996 to 2022. By utilizing principal component analysis for dimensions of governance performance, such as voice and accountability, political stability and absence of violence/terrorism, government efectiveness, regulatory quality, rule of law, and control of corruption, this study develops a comprehensive index that enables a nuanced understanding of the collective efect of these dimensions on tourism. The results of the panel data estimations indicate that institutional quality positively afects tourist arrivals in all countries, with strong efects in Mexico, Russia, and Turkey. Additionally, the study accounts for economic growth, the real efective exchange rate, and gross fxed capital formation, all of which show that overall, tourist arrivals increase in response to economic growth, decline in response to the exchange rate, and increase in response to gross fxed capital formation, with country-specifc efects. Granger causality evidence supports these fndings, implying the need for a comprehensive policy review to encourage the tourism industry in these countries.
dc.identifier.doi10.1007/s40847-024-00371-3
dc.identifier.issn0972-5792
dc.identifier.issn2199-6873
dc.identifier.urihttps://hdl.handle.net/11363/9881
dc.identifier.wos001309993100001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.institutionauthorAlola, Uju Violet
dc.institutionauthoridhttps://orcid.org/0000-0002-3926-6231
dc.language.isoen
dc.publisherSPRINGER INDIA, 7TH FLOOR, VIJAYA BUILDING, 17, BARAKHAMBA ROAD, NEW DELHI 110 001, INDIA
dc.relation.ispartofJOURNAL OF SOCIAL AND ECONOMIC DEVELOPMENT
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectInstitutional quality
dc.subjectTourist arrivals
dc.subjectEconomic growth
dc.subjectReal exchange rate
dc.subjectGross capital formation
dc.subjectEmerging economies
dc.titleThe role of institutional quality on tourist arrivals in leading emerging economies
dc.typeArticle

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