COVID-19 economic policy response, resilience and tourism recovery

This study investigates whether tourism sector recovery from the COVID-19 pandemic is influenced by only the size of the economic stimulus packages or whether a country's resilience plays a moderating influence in the underlying relationship. The results show that while economic stimulus packag...

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Main Authors: Luke Okafor, Usman Khalid, Sasidaran Gopalan
Format: Article
Language:English
Published: Elsevier 2022-11-01
Series:Annals of Tourism Research Empirical Insights
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2666957922000416
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author Luke Okafor
Usman Khalid
Sasidaran Gopalan
author_facet Luke Okafor
Usman Khalid
Sasidaran Gopalan
author_sort Luke Okafor
collection DOAJ
description This study investigates whether tourism sector recovery from the COVID-19 pandemic is influenced by only the size of the economic stimulus packages or whether a country's resilience plays a moderating influence in the underlying relationship. The results show that while economic stimulus packages help to enhance tourism recovery from the COVID-19 pandemic, it is contingent on the level of a country's resilience. For instance, amongst the less resilient countries, the impact of economic policy response on the tourism recovery is more pronounced, but the effect dissipates as countries become more resilient. These findings have important implications for policymakers, management teams, and relevant stakeholders in their effort to revive the tourism sector from the impact of the COVID-19 pandemic.
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spelling doaj.art-decf1b2682664ec1ba5f9315702af4032022-12-22T03:49:27ZengElsevierAnnals of Tourism Research Empirical Insights2666-95792022-11-0132100073COVID-19 economic policy response, resilience and tourism recoveryLuke Okafor0Usman Khalid1Sasidaran Gopalan2Faculty of Arts and Social Sciences, School of Economics, University of Nottingham MalaysiaDepartment of Innovation in Government and Society, College of Business and Economics, United Arab Emirates University (UAEU); Corresponding author at: P.O. Box No. 15551, Al Ain, United Arab Emirates.Department of Innovation in Government and Society, College of Business and Economics, United Arab Emirates University (UAEU)This study investigates whether tourism sector recovery from the COVID-19 pandemic is influenced by only the size of the economic stimulus packages or whether a country's resilience plays a moderating influence in the underlying relationship. The results show that while economic stimulus packages help to enhance tourism recovery from the COVID-19 pandemic, it is contingent on the level of a country's resilience. For instance, amongst the less resilient countries, the impact of economic policy response on the tourism recovery is more pronounced, but the effect dissipates as countries become more resilient. These findings have important implications for policymakers, management teams, and relevant stakeholders in their effort to revive the tourism sector from the impact of the COVID-19 pandemic.http://www.sciencedirect.com/science/article/pii/S2666957922000416Tourism recoveryResilienceEconomic policy responseCOVID-19 pandemicEconomic stimulus packagesCrisis management policies
spellingShingle Luke Okafor
Usman Khalid
Sasidaran Gopalan
COVID-19 economic policy response, resilience and tourism recovery
Annals of Tourism Research Empirical Insights
Tourism recovery
Resilience
Economic policy response
COVID-19 pandemic
Economic stimulus packages
Crisis management policies
title COVID-19 economic policy response, resilience and tourism recovery
title_full COVID-19 economic policy response, resilience and tourism recovery
title_fullStr COVID-19 economic policy response, resilience and tourism recovery
title_full_unstemmed COVID-19 economic policy response, resilience and tourism recovery
title_short COVID-19 economic policy response, resilience and tourism recovery
title_sort covid 19 economic policy response resilience and tourism recovery
topic Tourism recovery
Resilience
Economic policy response
COVID-19 pandemic
Economic stimulus packages
Crisis management policies
url http://www.sciencedirect.com/science/article/pii/S2666957922000416
work_keys_str_mv AT lukeokafor covid19economicpolicyresponseresilienceandtourismrecovery
AT usmankhalid covid19economicpolicyresponseresilienceandtourismrecovery
AT sasidarangopalan covid19economicpolicyresponseresilienceandtourismrecovery