Does the level of a country's resilience moderate the link between the tourism industry and the economic policy response to the COVID-19 pandemic?

Luke Emeka Okafor, Usman Khalid, Katarzyna Burzynska

Research output: Contribution to journalArticlepeer-review

10 Citations (Scopus)

Abstract

This study examines whether the level of a country's resilience to shocks moderates the link between the size of the tourism industry and the economic policy response to the COVID-19 pandemic using data from 113 countries. The findings suggest that countries with large tourism sectors responded more aggressively by using economic stimulus packages to mitigate the impact of the COVID-19 pandemic; however, the impact of the tourism sector is moderated by the country's resilience to shocks. The study also finds that both high level of economic resilience and high level of risk quality of a country moderate the link between the tourism sector and the economic policy response to the COVID-19 pandemic. The findings of the study suggest that tourism businesses in high resilient countries are better prepared to cope with the disruptive challenges posed by the COVID-19 pandemic and thus needed less assistance from governments. Improving a country's resilience to shocks is an important strategy to minimize the impact of future negative shocks in the tourism sector.

Original languageEnglish
Pages (from-to)303-318
Number of pages16
JournalCurrent Issues in Tourism
Volume25
Issue number2
DOIs
Publication statusPublished - 2022
Externally publishedYes

Keywords

  • COVID-19
  • economic resilience
  • pandemic
  • resilience index
  • risk quality
  • tourism

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Tourism, Leisure and Hospitality Management

Fingerprint

Dive into the research topics of 'Does the level of a country's resilience moderate the link between the tourism industry and the economic policy response to the COVID-19 pandemic?'. Together they form a unique fingerprint.

Cite this