The Determinants of Tourists Inflow into Uzbekistan: An Augmented Gravity Model Approach Adopting Dynamic Panel Estimation

Author:

Kler Rajneesh1,Singh Gurinder2,Chaudhary Naina1,Ather Danish1ORCID,Arora Manik1

Affiliation:

1. Amity University Tashkent

2. Amity University Noida

Abstract

Abstract

The current study explores the factors that influence the number of tourists entering Uzbekistan, using dynamic panel estimation techniques and an augmented gravity model to provide a thorough analysis. To developing successful tourist strategies and policies, such an investigation is essential given the changing global scene, particularly in the aftermath of the epidemic. The primary countries of origin for Uzbekistan were the focus of the study, for which the study gathers data between 2014 and 2022. We considered several variables, including per capita income and currency rates, to comprehend their impact on tourism. The application of dynamic panel estimate enables a comprehensive examination of the variables influencing both stable and fluctuating tourism trends. The results of our study show how social and economic factors have interacted to shape Uzbekistan's tourism sector. These results emphasize the necessity of educated and flexible methods to adapt to the post-pandemic global environment, which is critical for stakeholders and policymakers in the tourism industry.

Publisher

Research Square Platform LLC

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