Impact of Investment in Tourism Infrastructure Development on Attracting International Visitors to Vietnam : A Nonlinear Panel ARDL Approach
Investment in tourism infrastructure development to make destinations and services increasingly attractive is considered a key measure to develop a country’s tourist destinations. This paper investigates the impact of investment in tourism infrastructure components on international visitor attraction using Vietnam data for the period 1995-2019. The results of analyzing panel data by the nonlinear Autoregressive Distributed Lag (ARDL) approach show that in the long-run, investing in the three components of tourism infrastructure, namely transport and communications infrastructure, the hotel and restaurant industry, and recreation facilities, has a strong and positive impact on international visitor attraction. In addition, different short-run impacts of the three tourism infrastructure components on the whole market and each major international visitor market are also found
Year of publication: |
[2021]
|
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Authors: | Nguyen Hai, Quang |
Publisher: |
[S.l.] : SSRN |
Subject: | Vietnam | Viet Nam | Tourismus | Tourism | Welt | World | Panel | Panel study | Kointegration | Cointegration | Tourismuswirtschaft | Tourism industry | Tourismuspolitik | Tourism policy |
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