DETERMINANTS OF TOURIST INFLOWS TO ROMANIA: EVIDENCE FROM AUGMENTED PANEL GRAVITY MODEL

Karagoz Kadir ()
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Karagoz Kadir: Celal Bayar University, Celal Bayar University

Annals of Faculty of Economics, 2014, vol. 1, issue 1, 347-358

Abstract: The strategic importance of tourism sector for economy is well appreciated. Compared to the direct competitors, the Romanian tourism is not very successful. As a transition economy, Romania tries to stop the deterioration of the tourism sector and seeks the ways to reach a rigorous position in the international tourism market. Therefore, in order to develop the sector in a most planned and controlled manner, it is important to determine the factors which have impact on Romania's tourist inflows. In this paper, it is aimed to investigate these effective factors based on a panel gravity model framework for the period of 1993-2013. Though the results are sensitive to the specification of the model both in terms of the significance and sign of the coefficients, all variables (i.e. the economic size, distance and dummies) seem to have significant effect on tourist inflows to Romania.

Keywords: tourism; panel; gravity; model; Romania (search for similar items in EconPapers)
JEL-codes: C01 C33 L83 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2014:i:1:p:347-358

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