TOURISM ECONOMIC IMPACT: A CORRELATION BETWEEN THE ECONOMIC GROWTH AND THE NUMBER OF ACCOMMODATION NIGHTS

Tiberiu-Cristian Avramescu
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Tiberiu-Cristian Avramescu: UNIVERSITY OF PITESTI

Annals - Economy Series, 2022, vol. 2, 48-53

Abstract: Sustainable economic development is a constant concern of governments all over the world. Therefore, it is very important to identify the factors and ways to increase the macroeconomic performance indicators. Tourism is one of the sectors of the national economy that can stimulate the growth of the Gross Domestic Product, especially since this sector involves the combined effort of several branches and generates significant positive economic effects as an efficient source of economic prosperity. In order to study the impact of tourism on the economic development of Romania, we performed a regression analysis, considering the number of accommodation nights as an independent variable and the Gross Domestic Product growth rate as a dependent variable.

Keywords: economic development; tourism development; regression (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2022:v:2:p:48-53

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