Document Type : Research Paper
Authors
1 Assistant Professor, Department of Economics, Faculty of Administrative and Economic Sciences, Bojnourd University, Bojnourd, Iran.
2 Master of Science, Economics, Faculty of Administrative and Economic Sciences, Bojnourd University, Bojnourd, Iran
Abstract
The tourism sector is one of the largest and fastest-growing industries globally. Given the significance of the tourism industry, exploring the factors that attract inbound tourism has consistently intrigued researchers. In this context, examining the role of economic freedom in the development of the tourism sector is crucial in the literature. Accordingly, this study aimed to analyze the impact of economic freedom on tourism development in selected member countries of the Organization of the Islamic Conference (OIC) during the period from 2006 to 2020, utilizing the Panel Vector Auto Regression (PVAR) approach. The results indicate that the influence of economic freedom on tourism development is both positive and significant. Therefore, policymakers should prioritize enhancing economic freedom as a strategy to bolster the tourism industry by increasing the inflow of international tourists
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