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Impact of Investment in Tourism Infrastructure Development on Attracting International Visitors: A Nonlinear Panel ARDL Approach Using Vietnam’s Data

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  • Quang Hai Nguyen

    (Faculty of Business Administration, University of Econmics and Law, Ho Chi Minh City 71309, Vietnam
    Vietnam National University, Ho Chi Minh City 71309, Vietnam)

Abstract

Investment in tourism infrastructure development to make destinations and services increasingly attractive is considered a key measure in developing a country’s tourist destinations. This paper investigates the impact of investment in tourism infrastructure components on international visitor attraction using data from Vietnam for the period 1995–2019. The results of analyzing panel data by the nonlinear Autoregressive Distributed Lag (ARDL) approach show that, in the long-run, investing in the three components of tourism infrastructure, namely transport and communications infrastructure, the hotel and restaurant industry, and recreation facilities, has a strong and positive impact on international visitor attraction. In addition, different short-run impacts of the three tourism infrastructure components on the whole market and each major international visitor market are also found.

Suggested Citation

  • Quang Hai Nguyen, 2021. "Impact of Investment in Tourism Infrastructure Development on Attracting International Visitors: A Nonlinear Panel ARDL Approach Using Vietnam’s Data," Economies, MDPI, vol. 9(3), pages 1-20, September.
    • Handle: RePEc:gam:jecomi:v:9:y:2021:i:3:p:131-:d:635517
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    2. Mallick, Sanmoy & Mitra, Professor Debabrata & Ghosh, Dr Amlan, 2021. "Selection Of Tourist Destination For Investment Decision: A Holistic Model," MPRA Paper 115369, University Library of Munich, Germany, revised 03 Nov 2022.
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    6. Olasunmbo Adhuze & Adebayo Adewole & Olawale Adeaga, 2023. "Infrastructure as Drivers for Economic Growth: A Way to advancing Tourism," International Journal of Latest Technology in Engineering, Management & Applied Science, International Journal of Latest Technology in Engineering, Management & Applied Science (IJLTEMAS), vol. 12(09), pages 86-93, September.
    7. Abdullah Uslu & Emrullah Erul & José António C. Santos & Sanja Obradović & Margarida Custódio Santos, 2023. "Determinants of Residents’ Support for Sustainable Tourism Development: An Empirical Study in Midyat, Turkey," Sustainability, MDPI, vol. 15(13), pages 1-14, June.

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