Economic freedom index effects on inbound tourism in European countries: A spatial analysis.

ABSTRACT: Despite the significance of economic freedom in tourism dynamics, especially from a spatial standpoint, its nuanced influence remains unexplored mainly in current research. To fill this gap, our study introduces a novel spatial panel data analysis to investigate how various components of the economic freedom index affect tourist arrivals in 41 European countries from 2005 to 2018. By employing this innovative approach, we uncover the complex interdependencies between economic freedom and tourism and highlight the significance of regional economic characteristics on the tourism sector's health. Our findings reveal that a one percent increase in GDP per capita of neighboring nations corresponds to a 0.4 percent increase in tourist arrivals to the home country. In comparison, a similar rise i

SUBMITTER: Hamza SH 

PROVIDER: S-EPMC11960978 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature