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Determinants Of Tourist Inflows To Romania: Evidence From Augmented Panel Gravity Model

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  • Karagoz Kadir

    (Celal Bayar University, Celal Bayar University)

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.

Suggested Citation

  • Karagoz Kadir, 2014. "Determinants Of Tourist Inflows To Romania: Evidence From Augmented Panel Gravity Model," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 347-358, July.
    • Handle: RePEc:ora:journl:v:1:y:2014:i:1:p:347-358
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    File URL: http://anale.steconomiceuoradea.ro/volume/2014/n1/037.pdf
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    References listed on IDEAS

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    Cited by:

    1. Eugenia LUCAŞENCO & Constantin-Marius APOSTOAIE & Alexandru MAXIM, 2017. "The emergence of environmental factors as catalysts for tourism demand: a case study on Romania," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9(4), pages 597-612, December.

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    More about this item

    Keywords

    tourism panel gravity model Romania;

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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