The Impact of Geopolitical Risk on Tourism Demand in Newly Industrialized Countries

May 2, 2025Open Access

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Key Points

This research investigates the effects of geopolitical risks on tourism demand in newly industrialized countries.
Analyzed data from 9 newly industrialized countries from 1995 to 2019
Used second-generation panel data methods including panel AMG to account for cross-sectional dependence
Examined the impact of economic growth and exchange rate alongside geopolitical risks
Geopolitical risks negatively impact tourist numbers in China, Philippines, South Africa, India, Mexico, Thailand, and Turkey
Economic growth positively affects tourist numbers in Turkey, Philippines, Thailand, Mexico, South Africa, Brazil, Malaysia, and overall panel
In tourism-dependent economies like Thailand, Turkey, and the Philippines, increases in real effective exchange rates significantly boost tourist numbers

Examines tourism demand influenced by geopolitical risk in newly industrialized countries, suggesting implications for tourism policies.

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Nur AYDIN (2025) studied this question.

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