Consideration on the Financing of Tourism Development and Promotion Strategies in Romania

Jaliu Dumitru Dragoº () and Anamaria Sidonia Ravar
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Jaliu Dumitru Dragoº: National School of Political and Administrative Studies, Bucharest
Anamaria Sidonia Ravar: Academy of Economic Studies, Bucharest

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 3, 19

Abstract: Over the last decades, as the tertiary sector gained an even larger share in national economies, tourism became an engine of economic growth and a determinang of long-term sustainable development. Today, tourism represents much more than a service category – it is a complex industry, exerting a strong multiplier effect on the activity of various economic sectors, such as agriculture, commerce, and constructions. The current article aims to analyze the impact of the EU structural and cohesion funds on the implementation of tourism development policies in member states. A case study of Romania is provided, which focuses on the implementation of the Regional Operational Programme over the period 2007-2012. The results point out that the private and NGO sector should be given a higher importance in the programming of the next financial exercise and that coherent public policies may lead to a to a better development and promotion of the tourist potential in Romania.

Keywords: tourism; European Union; structural funds; development policy (search for similar items in EconPapers)
JEL-codes: F36 L (search for similar items in EconPapers)
Date: 2012
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