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The intercorrelation between tourism and the environmental evolution in the context of the economic cycle. Case study: Romania

Author

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  • Iulian Gabriel Păun

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Because the effects of economic cycles and, in particular, the crisis of recent years, are becoming stronger and more extensive , affecting whole sectors of the world economy and national tourism through important role to contribute to mitigating these negative consequences . To help increase however , support and economic recovery, it is necessary to identify factors that have a strong influence on indicators of tourist traffic. This will then allow the ranking factors exerted by link indicators hierarchy that can be a foundation for the design of strategies and policies to maximize the positive effects of tourism on the national economy. At the same time, it can contribute to a better understanding of how the determinants of tourism act at different stages of the economic cycle. This paper examines the links between a number of macroeconomic indicators ( GDP, employment, real wages ) and a number of indicators of tourist traffic (number of overnights , arrivals, departures). Analysis period includes the years of the economic cycle (2005-2012) and highlights the links between economic growth , economic recession , and the correlations for the entire period.

Suggested Citation

  • Iulian Gabriel Păun, 2014. "The intercorrelation between tourism and the environmental evolution in the context of the economic cycle. Case study: Romania," Cactus - The tourism journal for research, education, culture and soul, Bucharest University of Economic Studies, vol. 9(1).
  • Handle: RePEc:bum:cactus:cactus-2014-4
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    File URL: https://cactus-journal-of-tourism.ase.ro/Pdf/vol9/paun.pdf
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    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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