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EU Travel and Tourism Industry - A Cluster Analysis of Impact and Competitiveness

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  • DANIEL BULIN

    (Institute for World Economy International Organism and Organizations Department Romanian Academy, ROMANIA)

Abstract

The tourism industry has known a sustained growth in recent decades, this sector taking advantage of the capacity to generate added value regardless of the type of capital input. The impact of tourism on the economy is indisputable, but the efficiency and the competitiveness provide a sustainable development of this industry. The EU enlargement, geographical and numerical, provides both - a diversity of tourism destinations and an opportunity for growth, considering widening of single market. This paper aims to assess tourism in the European Union, considering the impact and value of the tourism multiplier effect in economy, respectively efficiency and competitiveness of tourism. This paper proposes a classification of EU countries based on cluster analysis, using K-means algorithm.

Suggested Citation

  • Daniel Bulin, 2014. "EU Travel and Tourism Industry - A Cluster Analysis of Impact and Competitiveness," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 2(1), pages 150-162, May.
    • Handle: RePEc:ntu:ntugeo:vol2-iss1-14-150
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    References listed on IDEAS

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    1. Nishaal Gooroochurn & Guntur Sugiyarto, 2005. "Competitiveness Indicators in the Travel and Tourism Industry," Tourism Economics, , vol. 11(1), pages 25-43, March.
    2. Stanislav Ivanov & Craig Webster, 2007. "Measuring the Impact of Tourism on Economic Growth," Tourism Economics, , vol. 13(3), pages 379-388, September.
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    Cited by:

    1. Blokhin, Andrey (Блохин, Андрей), 2015. "Economy of Unnecessary Output (Institutional Characteristics of the Circuit of Losses) [Экономика Ненужной Продукции]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 7-40, February.

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