Impact of Investment in Tourism Infrastructure Development on Attracting International Visitors: A Nonlinear Panel ARDL Approach Using Vietnam’s Data

Economies

卷:9

Quang Hai Nguyen¹ 

[1] Faculty of Business Administration, University of Econmics and Law, Ho Chi Minh City 71309, Vietnam;

关键词: tourism infrastructure;    attracting international visitors;    transport and communications infrastructure;    hotel and restaurant industry;    recreation facilities;   

DOI  :  10.3390/economies9030131

来源: DOAJ

【 摘 要 】

Investment in tourism infrastructure development to make destinations and services increasingly attractive is considered a key measure in developing a country’s tourist destinations. This paper investigates the impact of investment in tourism infrastructure components on international visitor attraction using data from Vietnam 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.

【 授权许可】

Unknown