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Tourism Industry Worldwide – Testing Some Correlations Between Essential Indicators

Author

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  • Daniel Bulin

    (Institute for World Economy, Romanian Academy, Romania)

Abstract

Essential component of the global economy, tourism industry is in a strong interdependent relationship both with other sectors, as well as with different qualitative components– competitiveness, socio-human and environment issues. Result of the specificity of services, touristic consumption, both residents and visitors, is localized strictly to the meeting of supply and demand, so national receipts are consists of domestic tourism and visitor exports. Introducing investment in analysis, and also competitive tourism component, we propose in this paper to test the connections between tourism consumption, capital investments and travel and tourism competitiveness index. In order to achieve the objective, using the latest statistical data, there have been calculated and interpreted Pearson correlation coefficients, starting from the general hypothesis that there is a direct relationship between the variables analysed.

Suggested Citation

  • Daniel Bulin, 2014. "Tourism Industry Worldwide – Testing Some Correlations Between Essential Indicators," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 2(2), pages 56-65, November.
    • Handle: RePEc:ntu:ntugeo:vol2-iss2-14-056
    as

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    References listed on IDEAS

    as
    1. Rainer Andergassen & Guido Candela, 2013. "Less Developed Countries, Tourism Investments and Local Economic Development," Review of Development Economics, Wiley Blackwell, vol. 17(1), pages 16-33, February.
    2. Nishaal Gooroochurn & Guntur Sugiyarto, 2005. "Competitiveness Indicators in the Travel and Tourism Industry," Tourism Economics, , vol. 11(1), pages 25-43, March.
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    More about this item

    Keywords

    tourism; visitor exports; investments; travel and tourism competitiveness; Pearson Correlation coefficient;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

    Statistics

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