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390006

Analyzing the Impact of Global Financial and Economic Crises on the Tourism Sector in Egypt

Article

Last updated: 29 Dec 2024

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Abstract

This paper examines the impact of the global financial and economic crisis (GFEC) on the Egyptian tourism demand for the period (2008-2015). To capture the influence of this crisis, a dynamic stimulation model is used to calculate the demand elasticities, and four scenarios (ranging from the most pessimistic to the most optimistic) are created to examine the possible impacts of changes in the sector. It is presented to model the international tourism demand to Egypt. The model allows for structure instability and therefore is more adaptable in dealing with structural changes especially that tourism demand in Egypt is volatile and sensitive. Due to the difficulty of finding appropriate measures for the explanatory variables in Egypt, most of the variables are used as proxies

DOI

10.21608/ejth.2009.390006

Keywords

financial, Economic crisis Tourism demand

Volume

15

Article Issue

1

Related Issue

51373

Issue Date

2009-12-01

Receive Date

2024-11-02

Publish Date

2009-12-01

Page Start

121

Page End

163

Print ISSN

1997-163X

Online ISSN

1998-3301

Link

https://ejth.journals.ekb.eg/article_390006.html

Detail API

https://ejth.journals.ekb.eg/service?article_code=390006

Order

390,006

Type

Original Article

Type Code

2,339

Publication Type

Journal

Publication Title

Egyptian Journal of Tourism and Hospitality

Publication Link

https://ejth.journals.ekb.eg/

MainTitle

Analyzing the Impact of Global Financial and Economic Crises on the Tourism Sector in Egypt

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Type

Article

Created At

29 Dec 2024