The extent to which political and economic risks have affected the tourism industry in Nigeria
Objective: The study aims to determine the extent to which political and economic risks have affected the tourism industry and the economy in Nigeria. Prior Work: In recent times, there has been a clamour for the development of t The study aims to determine the extent to which political and economic...
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2019-06-01
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doaj-7cc0bec69bb744638648d408eff0cd9f2021-10-02T12:41:36ZengWydawnictwa AGHStudia Humanistyczne AGH1732-21892084-33642019-06-01182779010.7494/human.2019.18.2.77The extent to which political and economic risks have affected the tourism industry in NigeriaPowel Maxwell Worimegbe0https://orcid.org/0000-0002-7239-1253Temitope Mariam Worimegbe1https://orcid.org/0000-0001-7549-6600Elizabeth Abiola‑Oke 2https://orcid.org/0000-0001-5910-4865Olabisi Onabanjo University, NigeriaRedeemers University, Nigeria Redeemers University, Nigeria Objective: The study aims to determine the extent to which political and economic risks have affected the tourism industry and the economy in Nigeria. Prior Work: In recent times, there has been a clamour for the development of t The study aims to determine the extent to which political and economic risks have affected the tourism industry and the economy in Nigeria. Prior Work: In recent times, there has been a clamour for the development of the Nigerian tourism industry but such has been beset by a spate of religious intolerance, insurgency, and changes in government, among others. There seems to be dearth of literature and empirical evidence to show the extent to which political risk has influenced tourism in Nigeria. Approach: Time series secondary data from the World Travel and Tourism Council, 2017 were used in the regression analysis. Regression statistical technique was used to examine the relationship between political and economic risk and tourism in Nigeria specifically between 2006 and 2017. Results: The study adopted a regression approach and found out that causality exists and there is a positive significant relationship between political and economic risk in Nigeria. Implication: The result of the relationship shows that political and economic risk have effects on tourism, and tourism has a significant impact on the economy. The significant effect of political and economic risk on tourism calls for adequate security in the country, and better legal and institutional frameworks. This will enhance the economic impact of tourism on the Nigerian economy.http://journals.bg.agh.edu.pl/STUDIA/2019.18.2/human.2019.18.2.77.pdfeconomic riskpolitical risktourism industrygross domestic product (gdp) |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Powel Maxwell Worimegbe Temitope Mariam Worimegbe Elizabeth Abiola‑Oke |
spellingShingle |
Powel Maxwell Worimegbe Temitope Mariam Worimegbe Elizabeth Abiola‑Oke The extent to which political and economic risks have affected the tourism industry in Nigeria Studia Humanistyczne AGH economic risk political risk tourism industry gross domestic product (gdp) |
author_facet |
Powel Maxwell Worimegbe Temitope Mariam Worimegbe Elizabeth Abiola‑Oke |
author_sort |
Powel Maxwell Worimegbe |
title |
The extent to which political and economic risks have affected the tourism industry in Nigeria |
title_short |
The extent to which political and economic risks have affected the tourism industry in Nigeria |
title_full |
The extent to which political and economic risks have affected the tourism industry in Nigeria |
title_fullStr |
The extent to which political and economic risks have affected the tourism industry in Nigeria |
title_full_unstemmed |
The extent to which political and economic risks have affected the tourism industry in Nigeria |
title_sort |
extent to which political and economic risks have affected the tourism industry in nigeria |
publisher |
Wydawnictwa AGH |
series |
Studia Humanistyczne AGH |
issn |
1732-2189 2084-3364 |
publishDate |
2019-06-01 |
description |
Objective: The study aims to determine the extent to which political and economic risks have affected the tourism industry and the economy in Nigeria. Prior Work: In recent times, there has been a clamour for the development of t The study aims to determine the extent to which political and economic risks have affected the tourism industry and the economy in Nigeria. Prior Work: In recent times, there has been a clamour for the development of the Nigerian tourism industry but such has been beset by a spate of religious intolerance, insurgency, and changes in government, among others. There seems to be dearth of literature and empirical evidence to show the extent to which political risk has influenced tourism in Nigeria. Approach: Time series secondary data from the World Travel and Tourism Council, 2017 were used in the regression analysis. Regression statistical technique was used to examine the relationship between political and economic risk and tourism in Nigeria specifically between 2006 and 2017. Results: The study adopted a regression approach and found out that causality exists and there is a positive significant relationship between political and economic risk in Nigeria. Implication: The result of the relationship shows that political and economic risk have effects on tourism, and tourism has a significant impact on the economy. The significant effect of political and economic risk on tourism calls for adequate security in the country, and better legal and institutional frameworks. This will enhance the economic impact of tourism on the Nigerian economy. |
topic |
economic risk political risk tourism industry gross domestic product (gdp) |
url |
http://journals.bg.agh.edu.pl/STUDIA/2019.18.2/human.2019.18.2.77.pdf |
work_keys_str_mv |
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