Publication Information
Published by: Admin
Published: 2 years ago
View: 170
Pages: 23
ISBN:
Download PDF (EN)
Abstract
This study complements the extant literature by assessing how the rule of law and political stability modulate tourism development dynamics (i.e. tourism receipts and tourism expenditure) to affect economic development in terms of gross domestic product (GDP) per capita. The study focuses on 47 countries in sub-Saharan Africa (SSA) with data for the period 2002 to 2018 and the empirical evidence is based on the Generalized Method of Moments. The study finds that: (i) the rule of law modulates both tourism receipts and tourism expenditure for overall positive effects on economic development and (ii) political stability modulates tourism receipts for an overall positive impact on economic development. Policy implications are discussed.
Simplice A. Asongu Prof
Joseph Nnanna Prof
Mushfiqur Rahman Mr
Related Publications
VOLUME 5 ISSUE 4 2023
CHANGING ROLE OF FINANCE IN RURAL SMALL ENTERPRISE GROWTH IN GHANA
2 years ago
0
shares
VOLUME 5 ISSUE 4 2023
DOES PUBLIC CAPITAL EXPENDITURE REDUCE ENERGY POVERTY? EVIDENCE FROM NIGERIA
2 years ago
0
shares
VOLUME 5 ISSUE 4 2023
THE IMPACT OF COVID-19 AND RUSSIA-UKRAINE WAR ON FOOD PRICES
2 years ago
0
shares