ISSN 2284-7995, ISSN Online 2285-3952
 

THE ECONOMETRIC ANALYSIS OF THE CONTRIBUTION OF THE CAPITAL INVESTED IN TOURISM AND OF THE TOURISM CONTRIBUTION TO GDP

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 16 ISSUE 4
Written by Cristina BURGHELEA, Mariana VUŢĂ, Mihai VUŢĂ

For our country, tourism is an important sector. With the resources we train and we undertake interconnections with other branches of the national economy, signifies an important factor in sustainable development. For the existence of quality tourism it is essential to apply some concrete measures for sustainable development. The interest in tourism is justified in all countries by the economic idea that identifies a particular type of income, thus participating in the external balance of payments but also to create important jobs. The primary role of capital investment in tourism activity, entrepreneurial initiative, is logically regarded as sustainable economic solution to achieve a gross domestic product increase in the overall context of sustainable economic development. The increase in capacity of the activity of tourism will propagate an effect of increasing the income and the gross value added. The dissemination of the results shows in a comparative form the real levels of the direct contribution of tourism to the gross domestic product and the levels estimated on the basis of the linear regression equation as well as the series and the levels of the variable waste. The model developed discusses and supports the statistical arguments, the primary role of capital investment in tourism activity, the entrepreneurial initiative as consistent economic solution to secure an increase in gross domestic product in the overall context of sustainable economic development.

[Read full article] [Citation]

The publisher is not responsible for the opinions published in the Volume. They represent the authors’ point of view.

© 2019 To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“.

Powered by INTELIDEV