scholarly journals The effect of regional tourism on economic development: Case study: The EU countries

2021 ◽  
pp. 67-75
Author(s):  
Andriy Motsa ◽  
Svitlana Rybakova ◽  
Tetiana Shelemetieva ◽  
Iryna Zhuvahina ◽  
Liliia Honchar
Keyword(s):  
Economic Development ◽  
Negative Impact ◽  
Tourism Industry ◽  
Quantitative Methodology ◽  
Short Term ◽  
Eu Countries ◽  
Regional Tourism ◽  
Regional Strategies ◽  
The Impact ◽  
The Eu

Transformations of the tourism market structure in a pandemic necessitate a study of the extent to which EU countries can provide their citizens with tourism products to minimize the negative impact of the pandemic and, consequently, the negative impact on economic development. This article aimed to develop recommendations for minimizing the negative impact of reducing regional tourism on economic development through the support of domestic tourism. This research uses a quantitative methodology based on indicators of growth of tourist external and internal flows in the regions, the growth rate of economic regions of the EU for 2015-2019. The following countries were selected for correlation analysis: Belgium, Bulgaria, Czech Republic, Germany, Estonia, Greece, Spain, and Italy. The analysis of the impact of regional tourism on economic development in the EU for 2015-2019 indicates the need to develop regional strategies for smart specializations of the tourism industry based on the most attractive industries for tourists. It is determined that within the EU, economic development is less dependent on developed tourist regions due to potentially low tourist costs, as a result - short-term revenues from the industry. It is proved that regions with a high level of tourist flows can provide economic development by increasing the innovation of industries related to tourism, as such industries attract tourists. In a pandemic, businesses need to focus on promoting regional products and shift the focus to domestic consumption within the country. The theoretical value of this study is that regional tourism affects the economic development of the EU countries through the total costs of tourists, the volume of which in the short term has a negligible impact on the region's development. At the same time, the income of the tourism industry as a contribution to the economy is overestimated in the scientific literature.

scholarly journals The Impact of Corruption, Economic Freedom and Urbanization on Economic Development: Western Balkans versus EU-27

2020 ◽  
Vol 12 (22) ◽  
pp. 9743
Author(s):  
Nerajda Feruni ◽  
Eglantina Hysa ◽  
Mirela Panait ◽  
Irina Gabriela Rădulescu ◽  
Alina Brezoi
Keyword(s):  
Economic Development ◽  
Economic Freedom ◽  
Negative Impact ◽  
Least Square ◽  
Western Balkans ◽  
Independent Variables ◽  
Eu Countries ◽  
Balkan Countries ◽  
The Impact ◽  
The Eu

The topic of economic development has been addressed in recent decades from more and more points of view in order to identify the factors with significant impact on this phenomenon. Identifying the factors and measuring their impact on economic development are essential starting points for adopting the necessary public policies. Similar types of research for the Western Balkan countries and comparative analyses between the Western Balkans and the European Union countries are limited in number. Hence, the main purpose of this paper is to empirically test the impact of corruption, economic freedom, and urbanization on the economic development for both the Western Balkan countries and the EU countries for the period 2009–2018 to provide a comparative analysis for these two groups. The corruption perception index, economic freedom index, and urban population growth are chosen as independent variables, whereas the dependent variable of the human development index (HDI) represents economic development. Using the Random Effects model, which falls under the Panel Generalized Least Square method, the empirical analysis suggests that corruption has a negative impact on economic development, while economic freedom and urbanization have a positive impact on the economic development for both groups of countries. However, the impact of corruption is more destructive in the Western Balkans, and they appear to benefit more from economic freedom and urbanization as compared to the EU countries. Whether the impact of the chosen independent variables is restricted to any component of the HDI in particular is left open for further studies in the future, though the results of this paper are highly significant and in accordance with the reviewed literature.

scholarly journals The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Wenmin Wu ◽  
Chien-Chiang Lee ◽  
Wenwu Xing ◽  
Shan-Ju Ho
Keyword(s):  
Stock Returns ◽  
Cultural Differences ◽  
Stock Price ◽  
Negative Impact ◽  
Tourism Industry ◽  
Regression Analyses ◽  
Short Term ◽  
Tourism Sector ◽  
Event Study Method ◽  
The Impact

AbstractThis research explored the effects of the coronavirus disease (COVID-19) outbreak on stock price movements of China’s tourism industry by using an event study method. The results showed that the crisis negatively impacted tourism sector stocks. Further quantile regression analyses supported the non-linear relationship between the government’s responses and stock returns. The results present that the resurgence of the virus in Beijing did bring about a short-term negative impact on the tourism industry. The empirical results can be used for future researchers to conduct a comparative study of cultural differences concerning government responses to the COVID-19.

scholarly journals The Impact of Banking Sector Competition on Banks’ Risk-Taking in Transition Economies of Central and South-Eastern Europe

2018 ◽  
Vol 13 (1) ◽  
pp. 31-42
Author(s):  
Arben Mustafa ◽  
Valentin Toçi
Keyword(s):  
Eastern Europe ◽  
Risk Taking ◽  
Fixed Effects ◽  
Banking Sector ◽  
Negative Impact ◽  
Eu Countries ◽  
South Eastern ◽  
South Eastern Europe ◽  
The Impact ◽  
The Eu

Abstract This paper uses the Panzar-Rosse H-statistic to provide empirical evidence on the impact of competitive behaviour of banks on risk-taking, using the Fixed Effects Vector Decomposition Method on panel data of banks in 15 Central and South-Eastern Europe countries during the period 1999-2009. The findings suggest that banking sector competition has had a negative impact on banks’ risk-taking implying that competition contributed to the improvement of the loan-portfolio quality. However, the results differ significantly when distinguishing between the EU and non-EU countries of the CESEE region. While for the EU countries the relationship between banking sector competition and risk-taking remains negative, this relationship is positive for the non-EU countries of the region, suggesting that an increase of competition in the non-EU countries may be detrimental for the stability of the banking sector in these countries. These results are robust to different model specifications and measures of competition

scholarly journals The Impact of Informatization on the Relationship between the Tourism Industry and Regional Economic Development

2021 ◽  
Vol 13 (16) ◽  
pp. 9399
Author(s):  
Xianghong Zhou ◽  
Weiwei Chen
Keyword(s):  
Economic Development ◽  
Regional Cooperation ◽  
Regional Economic Development ◽  
Spillover Effects ◽  
Tourism Industry ◽  
Coordinated Development ◽  
Regional Economic ◽  
Regional Tourism ◽  
The Impact ◽  
Degree Of Coupling

Modern tourism plays an increasingly important economic role in regional development. However, in the practice of regional economic development, there is often a lag in economic development where the tourism industry is prosperous. We explored the potential impact of the development level of informatization on the coupling and coordination relationship between the tourism industry and regional economic development. Using provincial panel data from 2008 to 2017, we constructed a spatial Dubin model for empirical research. We established an evaluation model for the coupling and coordination relationship between tourism and regional economic development based on the establishment of evaluation models and indicator systems for informatization, tourism, and regional economic development. The results show that improvements to informatization generally promoted the coupling and coordination of tourism and regional economic development. Informatization not only improved the coupling and coordination of tourism and economic development in the region but also had significant spatial spillover effects. In addition to the influencing factors at the information level, the advantages of tourism resources and the level of economic development on the whole also helped to improve the degree of coupling and coordination, while the widening of the income gap between urban and rural areas hindered coordinated development. Further discussion shows that informatization will affect the degree of coupling and coordination between the tourism industry and regional economic development by influencing the level of institutional environment. The findings highlight the need to focus on diversified development of the regional tourism industry and economy while improving the level of informatization and strengthening cross-regional cooperation during informatization. The conclusions contribute to improving the coordinated development of regional tourism and regional economy and provide a scientific basis for the development of informatization and the formulation of tourism and economic policies.

scholarly journals The Economic Development in the Context of the Development of Foreign Trade in Poland – a Comparison to some EU Countries

2017 ◽  
Vol 17(32) (4) ◽  
pp. 271-279
Author(s):  
Anna Rytko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Trade ◽  
Test Methods ◽  
Product Diversification ◽  
Indexing Methods ◽  
Eu Countries ◽  
Export Structure ◽  
The Impact ◽  
The Eu

The themes of the impact of foreign trade on economic growth has been repeatedly assumed by investigators and were most often related to various aspects: the openness of the economies, economic prosperity, competitiveness and diversification of export. The objective of the research was the evaluation of changes in economic development and the development of foreign trade in Poland comparing them with the EU and some EU countries. Particular attention was given to the issue of diversification and competitiveness of exports by putting the hypothesis that the greater product diversification of Polish export, the greater its competitiveness, which leads to economic growth. The work uses the following test methods: descriptive methods, statistical methods, the indexing methods of which Indicator of the Absolute Deviations and Revealed Comparative Advantages were calculated. Export diversification can lead to speeding up the pace of economic growth. By analyzing in detail the situations in Poland can conclude that it is advisable to diversify of the export structure.

scholarly journals Imitation of the impact of external factors in the modeling of innovation-oriented regional socio-economic systems

2020 ◽  
Vol 210 ◽  
pp. 13035
Author(s):  
Tatyana Ladykova ◽  
Inessa Vasilieva
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Negative Impact ◽  
Optimal Strategies ◽  
External Factors ◽  
Regional Innovation ◽  
Stage Of Development ◽  
Regional Strategies ◽  
Socio Economic Development ◽  
The Impact

The regions of the Russian Federation function and develop in conditions of instability and uncertainty of the external strategic environment. Therefore, each region tries to develop optimal strategies for its innovation oriented development on the principles of efficiency and minimizing uncertainty (risk). At the same time, it is important not just to form a strategic set of alternatives for the development of the region, but it is important at every moment to know at what stage of development the region is, how close it is to the strategic goal of its development. Analysis of studies on strategic planning and management, shows the lack of a single accepted methodology for assessing the effectiveness of the implementation of regional strategies and general approaches to formation of system of indicators of its assessment. Nevertheless, the majority of researchers agree that it is important to assess not whether the implementation of the developed strategy is carried out correctly or not, but it is important to assess how close the implementation of the innovation oriented strategy is to the goals set for the region. Indicative planning is an important tool for regulating the processes of socio-economic development at the regional level. In modern conditions, the world economy is experiencing an increase in the level of negative impact of various external factors and major challenges to economic actors, including regions. The article substantiates the conceptual scheme of the imitation model of the regional socio-economic system, which takes into account not only the subjects and objects of management, but also the impact of the external environment. A method of increasing the realism of imitation models of the regional innovation oriented socio-economic system is proposed – the use of a random choice of one of the options for adaptation to a given external factor. Within the framework of this model, it is proposed to allocate the following macro-regional blocks (objects of regional management): income, labor, business, ecology, society, prospects, Finance. In this case, the control regulation within the framework of the proposed model is carried out on the basis of an indicative plan, which sets goals, objectives and indicators of regional innovation oriented socio-economic development.

scholarly journals The Impact of Tourism Quality on Economic Development and Environment: Evidence from Mediterranean Countries

2019 ◽  
Vol 11 (8) ◽  
pp. 2296 ◽  
Author(s):  
Ren Taizeng ◽  
Muhlis Can ◽  
Sudharshan Reddy Paramati ◽  
Jianchun Fang ◽  
Wanshan Wu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Environmental Pollution ◽  
Negative Impact ◽  
Positive Impact ◽  
Income Level ◽  
Tourism Industry ◽  
Annual Data ◽  
Mediterranean Countries ◽  
The Impact

This paper is the first of its kind to measure the income level of a country’s tourist arrival and empirically examine its impact on economic growth and environmental pollution in a sample of eight Mediterranean countries. The paper undertakes annual data from 1995 to 2014 and employs quantile regression models, autoregressive distributed lag (ARDL) estimations, and a heterogeneity causality test. The empirical results show that the income level of a country’s tourist arrival, across all quantiles, plays an important role in promoting economic development. However, the role of the income level of a country’s tourist arrival on environmental pollution varies with the changes in quantiles. More specifically, income level of a country’s tourist arrival has a positive impact on environmental pollution for the lower quantiles, while it has a negative impact for higher quantiles. The findings from panel ARDL models confirm that the income level of a country’s tourist arrival has positive and negative impacts on economic growth and emissions, respectively. Given these results, these findings provide information to take the necessary actions to ensure sustainable tourism development, i.e., the expansion of the tourism industry without harming the environment in the Mediterranean countries.

scholarly journals THE EVOLUTION OF THE MARKETING RESEARCH MARKET ON THE LEVEL OF THE EUROPEAN UNION COUNTRIES, AFTER 2000

2013 ◽  
Author(s):  
Laura Catalina Timiras
Keyword(s):  
Economic Development ◽  
Marketing Research ◽  
The European Union ◽  
New Members ◽  
Eu Countries ◽  
New States ◽  
Development Levels ◽  
The Impact ◽  
New Eu Members ◽  
The Eu

The purpose of this paper is to identify how the marketing research market evolved after 2000 as a whole and by categories of the EU countries (the old and the new states respectively) as well as the impact of the general economic development on this evolution of the market. Since 2000 the marketing research market registered a spectacular evolution in the new EU members, which certifies that it is in the growth stage. In the old member states the marketing research market reached maturity, the dynamics being slyghtly positive or even stationary. Regardless of the marketing research market trends registered in the old or in the new EU members, the development levels attained in the two categories of states are different. Thus, approximately 90% of the marketing research market of the EU belongs to the old states and only about 10% to the new members. Similarly to the markets of other products, the market studied here was also affected by the economic crisis, so all the EU countries registered involutions (followed by recoveries) along with the onset of recession. In the countries analyzed, the relationship between the size of the marketing research market and the general economic development expressed by the GDP was a strong and direct one (both in the EU as a whole and by categories of EU countries), higher values of GDP being associated with larger (in terms of value) marketing research markets.

scholarly journals Economic development trends in the EU tourism industry. Towards the digitalization process and sustainability

2020 ◽  
Author(s):  
Beata Zofia Filipiak ◽  
Marek Dylewski ◽  
Marcin Kalinowski
Keyword(s):  
Economic Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Local Communities ◽  
Tourism Industry ◽  
Gdp Growth ◽  
Factors Affecting ◽  
Economy Growth ◽  
Tourism Economy ◽  
The Eu

Abstract From an economic viewpoint, tourism is heralded as bringing income to local communities. From an ecological standpoint, tourism poses a threat to environments. Sustainable tourism should leave a minimum negative impact on the places visited and preferably have rather positive impact on society. The digitization of the tourism economy is conducive to increasing the efficiency of enterprises operations, but also have positive impact on consumers. The objectives of the study are: to seek an answer to the question whether there is a relationship between the development of the tourism industry and GDP growth. Based on it there are two specific questions: What is a relationship between the level of development of digitization (e-commerce) and the development of the tourism industry and what is a relationship between the development of the tourism industry and sustainability factors? The originality of our research results among others results from three groups of variables use in the analysis (ICT group, SDG group and E&T group). Our research explores the factors affecting the tourism industry and relations of the digitization of tourism economy, sustainability and economy growth.

Modernisation of Higher Education – Willful Action or Wishful Thinking? The Case of Bulgaria

2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
Negative Impact ◽  
National Level ◽  
Sustainable Growth ◽  
Research Approach ◽  
Case Study Methodology ◽  
The Impact ◽  
The Eu

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.

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