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Implications of the Single European Currency for Hungarian Tourism

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  • Tamara Rátz
  • Mátyás Hinek

Abstract

Tourism in Hungary is a key economic activity, as the travel and tourism industry is a net contributor to the growth of the Hungarian economy. However, the inflow of foreign capital has significantly contributed to the development of Hungarian tourism over the past decade, and the country's tourism industry continues to depend on external economic factors. This paper presents the findings of a survey carried out in 2004 to supplement industry data with an assessment of travel behaviour and to develop a comparison between the theoretical assumptions of the existing literature and the empirical results in the study area (Hungary).

Suggested Citation

  • Tamara Rátz & Mátyás Hinek, 2006. "Implications of the Single European Currency for Hungarian Tourism," Tourism Economics, , vol. 12(4), pages 585-602, December.
    • Handle: RePEc:sae:toueco:v:12:y:2006:i:4:p:585-602
    DOI: 10.5367/000000006779319981
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    References listed on IDEAS

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    1. Giancarlo Marini & Fabrizio Adriani & Pasquale Scaramozzino, 2003. "The Inflationary Consequences of a Currency Changeover: Evidence from the Michelin Red Guide," CEIS Research Paper 27, Tor Vergata University, CEIS.
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    Cited by:

    1. William Addessi & Bianca Biagi & Maria Giovanna Brandano, 2019. "Evaluating the effect of the introduction of the euro on tourist flows: A synthetic control approach," The World Economy, Wiley Blackwell, vol. 42(5), pages 1554-1575, May.
    2. Helena Nemec Rudez & Stefan Bojnec, 2008. "Impacts of the Euro on the Slovenian Tourism Industry," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 6(4), pages 445-460.

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    Keywords

    euro; Hungarian tourism; Hungary;
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