<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This research aimed to study the determinants of tourism demand in Tunisia from 1995 to 2019 with four independent variables: gross domestic product, consumer price index, the real exchange rate, and air transport passengers carried. The research employed the Unit root test, Co-integration test, and Vector Error Correction model (VECM) to examine the variables’ short- and long-run relationship dynamics. The results show that co-integrating relations exist among the variables; all independent variables negatively impact tourism demand except Air transport. Depending on the results obtained, policymakers should be aware of the negative effect of the country’s political instability on the extent of external tourism demand. In this sense, the government must restore political stability to encourage tourists to visit Tunisia. Future studies should consider factors such as the economy’s trade openness and oil prices.</p>
</abstract>

This research aimed to study the determinants of tourism demand in Tunisia from 1995 to 2019 with four independent variables: gross domestic product, consumer price index, the real exchange rate, and air transport passengers carried. The research employed the Unit root test, Co-integration test, and Vector Error Correction model (VECM) to examine the variables’ short- and long-run relationship dynamics. The results show that co-integrating relations exist among the variables; all independent variables negatively impact tourism demand except Air transport. Depending on the results obtained, policymakers should be aware of the negative effect of the country’s political instability on the extent of external tourism demand. In this sense, the government must restore political stability to encourage tourists to visit Tunisia. Future studies should consider factors such as the economy’s trade openness and oil prices.

Tourism Demand in Tunisia: A VECM Approach

Naše gospodarstvo/Our economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Tourism Demand in Tunisia: A VECM Approach"}

This research aimed to study the determinants of tourism demand in Tunisia from 1995 to 2019 with four independent variables: gross domestic product, consumer...

Tourism Demand in Tunisia: A VECM Approach

Published Online: Jun 30, 2023

Page range: 50 - 59

Received: Aug 01, 2022

Accepted: May 01, 2023

DOI: https://doi.org/10.2478/ngoe-2023-0011

Keywords
Tourism industry, Tourism demand, VECM, Co-integration, Tunisia

© 2023 Djamal Dekkiche, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Tourism Demand in Tunisia: A VECM Approach

Published Online: Jun 30, 2023

Page range: 50 - 59

Received: Aug 01, 2022

Accepted: May 01, 2023

DOI: https://doi.org/10.2478/ngoe-2023-0011

KeywordsTourism industry, Tourism demand, VECM, Co-integration, Tunisia

© 2023 Djamal Dekkiche, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
Tourism industry, Tourism demand, VECM, Co-integration, Tunisia