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Tourism management synergies in Sub‐Saharan Africa

Author

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  • Simplice A. Asongu
  • Mushfiqur Rahman
  • Richard Adu‐Gyamfi
  • Raufhon Salahodjaev

Abstract

The purpose of this study is to assess how some governance dynamics, such as political stability and the rule of law, moderate the incidence of some macroeconomic factors (i.e., domestic investment and trade openness) on tourism development. The focus of this study is on 47 countries in sub‐Saharan Africa with data from 2002 to 2018, and the Generalized Method of Moments is employed as the empirical strategy. From the findings, synergy effects are apparent in the role of the rule of law in moderating domestic investment for tourism development in terms of tourism receipts. It follows that, for the sampled countries, promoting tourism development can be most effective if policies for enhancing domestic investment and promoting the rule of law are implemented simultaneously. 本研究的目的是评估政治稳定和法治等治理动态如何调节一些宏观经济因素(即国内投资和贸易开放)对旅游业发展的影响。本研究的重点是撒哈拉以南非洲的47个国家,数据为2002年至2018年,采用广义矩量法作为实证策略。研究结果显示,法治在调节国内旅游业投资(以旅游收入而言)方面的协同效应十分明显。由此可见,对于样本国家来说,如果同时实施加强国内投资和促进法治的政策,促进旅游业发展最为有效。 El propósito de este estudio es evaluar cómo algunas dinámicas de gobernanza, como la estabilidad política y el estado de derecho, modulan la incidencia de algunos factores macroeconómicos (es decir, la inversión interna y la apertura comercial) en el desarrollo del turismo. Este estudio se centra en 47 países del África subsahariana con datos de 2002 a 2018, y se emplea el Método Generalizado de Momentos como estrategia empírica. De los hallazgos se desprende que los efectos de sinergia son evidentes en el papel del estado de derecho en la modulación de la inversión interna para el desarrollo turístico en términos de ingresos turísticos. De ello se deduce que, para los países de la muestra, promover el desarrollo turístico puede ser más eficaz si se implementan simultáneamente políticas para mejorar la inversión interna y promover el estado de derecho

Suggested Citation

  • Simplice A. Asongu & Mushfiqur Rahman & Richard Adu‐Gyamfi & Raufhon Salahodjaev, 2024. "Tourism management synergies in Sub‐Saharan Africa," World Affairs, John Wiley & Sons, vol. 187(1), pages 63-77, March.
  • Handle: RePEc:wly:woraff:v:187:y:2024:i:1:p:63-77
    DOI: 10.1002/waf2.12011
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    More about this item

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Z3 - Other Special Topics - - Tourism Economics
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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