Tourism and its impact upon the Romanian economy: an input-output approach
Abstract
In different countries around the world, tourism is struggling to sustain economic growth in a sustainable manner. Even if Romania has an important tourism potential, in the last nineteenth years tourism didn’t contribute of more than 2-3% to the national GDP. In terms of non-monetary indicators (arrivals, overnight stays, occupancy rates, average length of stay) tourism has registered a signifi-cant decline comparing with the reference year 1990. Using Input-Output analysis, known as being a useful, efficient and trustable instrument, tourism contribution to the Romanian economy was meas-ured. The Input-Output model synthesizes the intersectoral relationships existing between hotels, restaurants and travel agencies and other economic sectors and also might predict the effects gener-ated by different changes that could take place in an economy. Backward and forward linkages are used to describe how the increase in the production of tourism sector generates an increase in the de-mand for inputs from other sectors in the economy and respectively in the supply to other economic sectors. These linkages provide a general image of how tourism sector might sustain the economic growth in Romania.Download Info
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Article provided by Alexandru Ioan Cuza University, Faculty of Economics and Business Administration in its journal Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi.
Volume (Year): 56 (2009)
Issue (Month): (November)
Pages: 355-376
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Postal: Universitatea Al. I. Cuza; B-dul Carol I nr. 22; Iasi
Phone: 004 0232 201070
Fax: 004 0232 217000
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Web page: http://anale.feaa.uaic.ro/anale/
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Keywords: tourism; economic impact; multipliers; input-output;References
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Takasago, Milene & Guilhoto, Joaquim José Martins & Mollo, Maria de Lourdes Rollemberg & Andrade, Joaquim Pinto de, 2010.
"O potencial criador de emprego e renda do turismo no Brasil
[The potential to create employment and income from tourism in Brazil]," MPRA Paper 30693, University Library of Munich, Germany.
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