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A question of confidence. Is tourism as vulnerable to civil unrest as we think? A comparative analysis of the impact of Arab Spring on total reserves and tourism receipts
Author(s) -
Morakabati Yeganeh
Publication year - 2019
Publication title -
international journal of tourism research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.155
H-Index - 58
eISSN - 1522-1970
pISSN - 1099-2340
DOI - 10.1002/jtr.2333
Subject(s) - tourism , unrest , spring (device) , economy , social unrest , investment (military) , economics , political science , engineering , mechanical engineering , politics , law
This paper uses monthly data to compare how international tourism receipts and the overall economy responded to the Arab Spring total reserves were used as an indicator of the overall economy because they reflect confidence in the economy through such factors as foreign direct investment and the effects of capital flight. To examine the response, interrupted time series was employed, using the outbreak of Arab Spring as the key interruption. To separate the impact of Arab Spring from other events, two treated and two untreated cases were selected. The results show that tourist spending recovered faster than the overall economy.