Arbeitspapier

Tourism management synergies in Sub-Saharan Africa

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.

Language
Englisch

Bibliographic citation
Series: AGDI Working Paper ; No. WP/22/059

Classification
Wirtschaft
Economic Development: General
Economic Growth and Aggregate Productivity: General
Tourism and Development
Subject
Tourism Management
Economic Growth
Sub-Saharan Africa

Event
Geistige Schöpfung
(who)
Asongu, Simplice
Rahman, Mushfiqur
Adu-Gyamfi, Richard
Salahodjaev, Raufhon
Event
Veröffentlichung
(who)
African Governance and Development Institute (AGDI)
(where)
Yaoundé
(when)
2022

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Asongu, Simplice
  • Rahman, Mushfiqur
  • Adu-Gyamfi, Richard
  • Salahodjaev, Raufhon
  • African Governance and Development Institute (AGDI)

Time of origin

  • 2022

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