The Impact of State Support Measures on the Sphere of Recreation and Tourism of the Region

E. K. Vorobey ()
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E. K. Vorobey: Sochi State University

Studies on Russian Economic Development, 2021, vol. 32, issue 6, 640-647

Abstract: Abstract— Using the example of the Krasnodar krai, the article analyzes the mutual influence of the total financial support of the region’s economy (including revenues from the state budget, Russian and foreign investments) and the tourist flow entering the region. Analysis of statistical data for the period from 2009 to 2019 showed the presence of reliable correlations between the rate of change in financial support and the rate of change in the tourist flow. Based on the identified correlations, equations are proposed that can be used to predict changes. In addition, the article shows that in the postcrisis period, a full recovery of the recreation and tourism sector requires an annual increase in the total financial flow of the Krasnodar krai by 15%.

Keywords: the sphere of recreation and tourism; government support; investments; total financial support for the region’s economy; tourist flow; regulatory measures; parameter correlations; regression equation (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1134/S1075700721060174

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