IDEAS home Printed from
   My bibliography  Save this article

The Impact of Tourism Industry in the Economy. The Case of the Black Sea Region Countries


  • Daniel Bulin


  • Nela Miru


  • Georgica Gheorghe



The Black Sea region is an area of high importance, both geopolitically and economically. In terms of socio-human and tourism resources, the region is characterized by a high degree of heterogenity; this generates a special interest for tourists around the world. If on the social and environmental dimensions of development tourism activity effects are both positive and negative, the tourism and travel industry bring indisputable benefits to the economy. Based on this premise, this paper proposes to evaluate the impact of tourism in the economy of the Black Sea region. The importance of tourism in the economy is given by the share of tourism in GDP and employment, and also by the multiplier effect of tourism and industry efficiency. Calculating the Tourism Multiplier Coefficient for the 12 countries in the region, and making the ratio of the share of industry in GDP and the share of industry in employment has been determined in comparison, the degree that the tourism industry is a key sector in the economy.

Suggested Citation

  • Daniel Bulin & Nela Miru & Georgica Gheorghe, 2014. "The Impact of Tourism Industry in the Economy. The Case of the Black Sea Region Countries," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(2), pages 74-79, June.
  • Handle: RePEc:khe:journl:v:6:y:2014:i:2:p:74-79

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Bichaka Fayissa & Christian Nsiah & Badassa Tadasse, 2007. "The Impact of Tourism on Economic Growth and Development in Africa," Working Papers 200716, Middle Tennessee State University, Department of Economics and Finance.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Tourism; economic impact; tourism multiplier coefficient; GDP; employment;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:khe:journl:v:6:y:2014:i:2:p:74-79. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.