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Multilateral political effects on outbound tourism

Zhou, Bo, Zhang, Ying and Zhou, Peng 2021. Multilateral political effects on outbound tourism. Annals of Tourism Research 88 , 103184. 10.1016/j.annals.2021.103184
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Abstract

To capture the role of politics in tourism, we propose a novel measure to quantify political relations based on text analysis of published diplomatic statements. We explain how political relations affect outbound tourist flows from China to Japan and Korea. Estimated on monthly data (1997m1-2018m12), our model shows how China-Japan disputes affect tourist flows to Korea and how China-Korea clashes influence the number of Chinese tourists going to Japan. The political effects are estimated to peak after three months, but half of the effects vanish in six months. We also observe asymmetries in the political effects—the tourists respond more to negative political shocks than to positive ones, and more to territorial disputes than to war history disputes.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Publisher: Elsevier
ISSN: 0160-7383
Date of First Compliant Deposit: 3 March 2021
Date of Acceptance: 20 February 2021
Last Modified: 19 Apr 2021 11:15
URI: http://orca.cardiff.ac.uk/id/eprint/139233

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