Navigating sustainable tourism of Sri lanka: assessing the asymmetric impact of external debt and terrorism

Key Points

• The analysis highlights the asymmetric impact of both external debt and terrorism on sustainable tourism in Sri Lanka, influencing economic growth.
• A 10% increase in external debt is associated with a noticeable decrease in tourism activity, underscoring economic vulnerability.
• Assessment utilizing economic indicators and tourism data illustrates the multifaceted challenges in Sri Lanka's tourism sector.
• The findings indicate that effective policy measures are needed to mitigate the negative impacts on sustainable tourism amid economic challenges.