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Considerations Regarding The Horeca Industry In Bihor County. An Econometric Approach

Author

Listed:
  • Simona Roxana Patarlageanu

    (Faculty of Agri-Food and Environmental Economics, Bucharest University of Economic Studies, Bucharest, Romania)

  • Marius Constantin

    (Faculty of Agri-Food and Environmental Economics, Bucharest University of Economic Studies, Bucharest, Romania)

  • Mihai Dinu

    (Faculty of Agri-Food and Environmental Economics, Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

: The tourism and restaurant sectors contribute to the local economy in many ways and can ensure achieving the sustainable development goals. Since Bihor County presents great potential for the development of the HORECA industry, both locally and nationally, the main objective of this research was aimed towards studying the dynamics of the indicators specific to this field. More precisely, the main objective was to quantify the influence of indicators specific to the HORECA industry on the average monthly nominal net earnings in the industry in Bihor County. The multiple linear regression methodology (least squares method) was applied in this study, in order to validate or reject hypothesis that the average monthly nominal net earnings in the HORECA industry in Bihor County is strongly influenced by a series of specific indicators. Findings validate this hypothesis because the coefficient of determination indicates that the multiple linear equation successfully (78.89%) predicts the directions of influence between the previously mentioned indicators. Out of all the indicators included in the regression model, the increase with one unit of the relative change of the number of active enterprises in Bihor in the HORECA industry determines the biggest increase of the relative change in the average monthly nominal net earnings in the HORECA industry in Bihor, an increase with 1.058%, should the other exogenous variables remain constant.

Suggested Citation

  • Simona Roxana Patarlageanu & Marius Constantin & Mihai Dinu, 2020. "Considerations Regarding The Horeca Industry In Bihor County. An Econometric Approach," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 5(1), pages 7-17, March.
    • Handle: RePEc:ora:jrojbe:v:5:y:2020:i:1:p:7-17
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    References listed on IDEAS

    as
    1. Antonio E. Noriega & Daniel Ventosa‐Santaulària, 2007. "Spurious Regression and Trending Variables," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(3), pages 439-444, June.
    2. Anca Otilia DODESCU & Afrodita BORMA, 2017. "Cross-Border Cooperation Impact On Regional Tourism. The Case Of Bihor County," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 107-120, July.
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    More about this item

    Keywords

    HORECA industry; Bihor County; multiple linear regression; county-level analysis; Romania.;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • Z31 - Other Special Topics - - Tourism Economics - - - Industry Studies

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