مجلة المنهل الاقتصادي
Volume 9, Numéro 1, Pages 843-860
2026-05-25

The Role Of Financial Development In Expanding Tourism Revenues Under Digital Transformation And Governance: A Case Of Selected Arab Countries (2016-2024)

Authors : Belghalem Hamza .

Abstract

Through this research, we aim to highlight the ability of financial development based on digital infrastructure supported by good management frameworks to improve the revenues of the tourism sector in Arab countries during the period (2016-2024), by building a standard model that explains the nature of this relationship. Through the estimated model, we found that increasing the volume of credit granted to the private sector, providing digital infrastructure for the financial sector while highlighting the rule of law and reducing administrative corruption contribute to enhancing tourism revenue levels by 0.1183, 0.5633, 32.33, and 14.815, respectively. Therefore, we recommend digitization and governance, the financial sector to support economic diversification through the tourism sector in Arab countries.

Keywords

Financial development; tourism revenues; digital environment; Governance; panel models.