Climate and Visa Exemption Policies on International Tourism Revenue: A Cross-Country Panel Study

Climate Changes Visa Exemption Tourism Receipt ASEAN-China Countries

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Climate change is a pressing issue in the whole world. It has harmed the tourism industry, human activities, life cycles, and the economy. There are various policies declared to solve the problems of climate change and tourism receipts. The objective of the study is to investigate the impact of climate change and policy-related issues on tourism receipts in Thailand, focusing on the effectiveness of climate policy and visa exemption policy. The collected data consists of 11 ASEAN-China countries from 1995 to 2023 using the STATA18 tools. There are 3 models in the investigation, including the environmental model with the climate change policy dummy variable, the economic model with the visa exemption dummy variable, and the combined model. The methods are compared by using random effects and a robust Poisson maximum likelihood estimator to measure how effective the policies are. The findings indicate that climate change initiatives boost both sustainable tourism and tourism receipts. A free visa for ASEAN-China countries boosts the quantity of tourists, but it doesn't significantly impact tourism receipts. According to the results, the government's integration of environmental, economic, and policy-related factors will help conserve sustainable tourism in Thailand over the long term. Sustainable tourism will solve the weather condition and support climate change policy. Moreover, the visa exemption policy should concern increasing tourism revenue and tourism immigrants.