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March 6, 2026Tourism and Hospitality2 citationsOpen Access

Tourism Demand Determinants in Asia: Economic and Governance Factors

Tourism Demand in Asia: The Role of Economic, Institutional and Governance Factors

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Authors

YSYuldoshboy SobirovBOBekmurod OllanazarovNSNuriddin Shanyazov

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Overview

This analysis examines tourism demand in Asia, highlighting economic and governance impacts on tourism inflows.

Key Points

  • This research aims to identify the economic, institutional, and governance factors influencing tourism demand in selected Asian economies.
  • Employed Augmented Mean Group (AMG) estimator for analysis across selected Asian countries.
  • Utilized method of moments quantile regressions (MMQRs) to assess effects across tourism inflow distribution.
  • Analyzed data covering the period from 1995 to 2024.
  • GDP positively influences tourism arrivals, especially in countries with lower to median inflows.
  • Higher consumer prices negatively impact tourism demand across all levels of inflow.
  • Foreign direct investment (FDI) and trade openness have a positive effect on tourism, with stronger institutional quality enhancing FDI's impact.
  • Emerging economies gain more from FDI and institutional reforms than advanced economies, which depend more on GDP growth and high-quality services.

Cite This Study

Sobirov et al. (2026) studied this question.

synapsesocial.com/papers/69aa70b8531e4c4a9ff5ad08https://doi.org/10.3390/tourhosp7030071
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