Romanian Tourism Market Ten Years after Joining the European Union
Sarmiza Pencea and
Bulin Daniel ()
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Bulin Daniel: New International Economic Order Department The Institute for World Economy – Romanian Academy
Global Economic Observer, 2018, vol. 6, issue 1
The general purpose of this paper is to appraise the post-accession evolution of the Romanian tourism market by looking at a range of relevant indicators that measure the touristic demand and supply, over the 2006- 2016 decade. The authors put forth an empirical analysis of the statistical data provided by the National Institute for Statistics and by the World Travel and Tourism Council, at both the national and regional levels, taking into account the eight development regions of the country. They devised a two-stage methodology, with a first stage dedicated to the empirical analysis of the indicators that measure tourism market from different angles and a second stage consisting in a cluster analysis meant to identify the potential narrowing or, on the contrary, deepening of the regional tourism market development gaps. They conclude that while the Romanian tourism industry underwent significant transformations after joining the EU, it did not manage to capitalize on the opportunity of the open access to the EU single market.
Keywords: Tourism; regional development; tourism market; cluster analysis; Romania. (search for similar items in EconPapers)
JEL-codes: L83 Z32 C83 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol6-iss1-18-120
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