Do geopolitical risks matter for inbound tourism?

  • Ender DemirEmail author
  • Giray Gozgor
  • Sudharshan Reddy Paramati
Regular Article


This paper aims to analyze the impact of geopolitical risks measured by a new index of geopolitical risk (GPR) on inbound tourism. For this purpose, we use the fixed-effects and the least squares dummy variable corrected estimations for panel data of 18 countries for the period from 1995 to 2016. We find that geopolitical risks negatively affect inbound tourism. We also implement various robustness checks, such as introducing control variables, considering the lagged effect of the GPR, and utilizing different econometric techniques.


Geopolitical risks Inbound tourism Tourism demand Developing economies Panel data estimation techniques 

JEL Classification

F50 Z32 C33 



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Copyright information

© Eurasia Business and Economics Society 2019

Authors and Affiliations

  1. 1.Faculty of TourismIstanbul Medeniyet UniversityIstanbulTurkey
  2. 2.Faculty of Political SciencesIstanbul Medeniyet UniversityIstanbulTurkey
  3. 3.School of BusinessUniversity of DundeeDundeeUK

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