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Determinants of tourism demand for Western Balkans countries: a system generalized method of moments (GMM) approach

Year: 2025

Type: article

Abstract: This paper's main objective is to investigate some of the most important determinants of tourism demand for Western Balkans countries. In this regard, a system generalized method of moments model is estimated for a dataset covering 17 relevant source countries over the period from 2010 to 2022. Results reveal that income levels, geographic proximity, and the COVID-19 pandemic significantly influence tourism flows. For instance, higher GDP per capita in source countries positively impacts tourism demand, while the pandemic had a strongly negative effect. These findings contribute to the literature on dynamic tourism demand modelling and offer actionable insights into policymakers to enhance regional tourism strategies.

Source: Sapienza International Journal of Interdisciplinary Studies

DOI: 10.51798/sijis.v6i1.917

Authors: Emi Malaj, Visar Malaj, Najada Firza

Institutions: University of Vlora "Ismail Qemali", University of Tirana, Catholic University Our Lady of Good Counsel, University of Bari Aldo Moro

Language: English

Topic: Diverse Aspects of Tourism Research

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4408793142

FWCI: 3.688

Cites:

Cited by: 2

Related to: 10