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Rural Development In The European Union Through Tourism Potential

Author

Listed:
  • Maliuta Liudmyla

    (1 Doctor of Economics, Professor, Ternopil Ivan Puluj National Technical University, Ternopil, Ukraine, Phone No.: +38-067-170-00-20)

  • Harmatiy Nataliya

    (2 PhD in Economics, Associate Professor, Ternopil Ivan Puluj National Technical University, Ternopil, Ukraine, Phone No.: +38-067-735-45-54)

  • Fedyshyn Iryna

    (3 PhD in Economics, Associate Professor, Ternopil Ivan Puluj National Technical University, Ternopil, Ukraine, Phone No.: +38-063-644-05-71)

  • Tkach Uliana

    (4 PhD in Economics, Associate Professor, West Ukrainian National University, Ternopil, Ukraine, Phone No.: +38-098 775-75-49)

Abstract

The article analyses the impact of coronavirus COVID-19 on the rural territories’ condition and shifts which faced the countryside’s economy in conducting business. Using the tools of economic and mathematical modeling (based on correlation-regression), analysis of the impact of the indicator “market related expenditure and direct aids” (MREDA) on “rural development expenditure” (RDE) was made. The correlation between the indicator “financial framework total” (FFT) and MREDA was studied. It was found that tourism has a high potential to revitalize rural business and infrastructure the development of which were hardly hit by pandemic and suffer from the effects of crises caused by it. A structural scheme improving rural development by tourism promotion through financial and credit stimulation of tourist activity in rural areas was elaborated. It also details in blocks a tool for solving problems from the economic, legal, social and informational point of view.

Suggested Citation

  • Maliuta Liudmyla & Harmatiy Nataliya & Fedyshyn Iryna & Tkach Uliana, 2021. "Rural Development In The European Union Through Tourism Potential," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 43(4), pages 555-561, December.
    • Handle: RePEc:vrs:mtrbid:v:43:y:2021:i:4:p:555-561:n:19
    DOI: 10.15544/mts.2021.50
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    More about this item

    Keywords

    agricultural policy; economic damage; rural tourism; region; correlation-regression analysis; incentives; Q13; R51; Z32;
    All these keywords.

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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