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Tourism management synergies in Sub-Saharan Africa

Author

Listed:
  • Simplice A. Asongu

    (Yaounde, Cameroon)

  • Mushfiqur Rahman

    (University of Wales Trinity Saint David, UK)

  • Richard Adu-Gyamfi

    (Mo Ibrahim Fellow, International Trade Centre)

  • Raufhon Salahodjaev

    (Tashkent, Uzbekistan)

Abstract

The purpose of this study is to assess how some governance dynamics such as political stability and the rule of law modulate 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 modulating 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.

Suggested Citation

  • Simplice A. Asongu & Mushfiqur Rahman & Richard Adu-Gyamfi & Raufhon Salahodjaev, 2022. "Tourism management synergies in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 22/059, African Governance and Development Institute..
    • Handle: RePEc:agd:wpaper:22/059
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    References listed on IDEAS

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    More about this item

    Keywords

    Tourism Management; Economic Growth; Sub-Saharan Africa;
    All these keywords.

    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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