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Impact of investment in tourism infrastructure development on attracting international visitors: A nonlinear panel ARDL approach using Vietnam's data

Economies, 2021-09, Vol.9 (3), p.1-19 [Peer Reviewed Journal]

2021 by the author. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2227-7099 ;EISSN: 2227-7099 ;DOI: 10.3390/economies9030131

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  • Title:
    Impact of investment in tourism infrastructure development on attracting international visitors: A nonlinear panel ARDL approach using Vietnam's data
  • Author: Nguyen, Quang Hai
  • Subjects: attracting international visitors ; Developing countries ; Economic growth ; hotel and restaurant industry ; Immigration ; Infrastructure ; LDCs ; Literature reviews ; recreation facilities ; Tourism ; tourism infrastructure ; transport and communications infrastructure ; Transportation services
  • Is Part Of: Economies, 2021-09, Vol.9 (3), p.1-19
  • Description: 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.
  • Publisher: Basel: MDPI
  • Language: English
  • Identifier: ISSN: 2227-7099
    EISSN: 2227-7099
    DOI: 10.3390/economies9030131
  • Source: Coronavirus Research Database
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
    DOAJ Directory of Open Access Journals
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