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on Tourism Economics |
| By: | Sima, Elena |
| Abstract: | Rural tourism in Romania has significant potential. The Romanian effort to develop and promote tourism in the rural area has been completed by the support provided by the European Union funds. In this context, the objective of this paper is to highlight the territorial development of the rural tourism market after the Romania's accession to the European Union. The methodology used is based on the synthesis of information from articles and studies published in specialty journals, in Government documents as well as in other development strategies on tourism and rural space. The results reconfirm that the supply of tourist accommodation in rural areas has shown a general upward trend, despite a slight decline during the global financial crisis, and the investments in rural tourism activity have a great advantage, i.e. job creation and maintaining the local (rural) labour, revitalization of rural localities, mainly those from the less-favoured and remote rural areas. |
| Keywords: | rural development, rural tourism, competitiveness, regions, Romania. |
| JEL: | L83 Q1 R10 Z13 |
| Date: | 2020–11–19 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:106351&r= |
| By: | Simplice A. Asongu (Yaounde, Cameroon); Mushfiqur Rahman (University of Wales Trinity Saint David, UK); Richard Adu-Gyamfi (Mo Ibrahim Fellow, International Trade Centre); Raufhon Salahodjaev (Tashkent, Uzbekistan) |
| Abstract: | The purpose of this study is to assess how some governance dynamics such as political stability and the rule of law modulate the incidence of some macroeconomic factors (i.e. domestic investment and trade openness) on tourism development. The focus of this study is on 47 countries in sub-Saharan Africa with data from 2002 to 2018, and the Generalized Method of Moments is employed as the empirical strategy. From the findings, synergy effects are apparent in the role of the rule of law in modulating domestic investment for tourism development in terms of tourism receipts. It follows that, for the sampled countries, promoting tourism development can be most effective if policies for enhancing domestic investment and promoting the rule of law are implemented simultaneously. |
| Keywords: | Tourism Management; Economic Growth; Sub-Saharan Africa |
| JEL: | O10 O40 Z3 Z32 |
| Date: | 2022–01 |
| URL: | http://d.repec.org/n?u=RePEc:exs:wpaper:22/059&r= |
| By: | Simplice A. Asongu (Yaounde, Cameroon); Mushfiqur Rahman (University of Wales Trinity Saint David, UK); Richard Adu-Gyamfi (Mo Ibrahim Fellow, International Trade Centre); Raufhon Salahodjaev (Tashkent, Uzbekistan) |
| Abstract: | The purpose of this study is to assess how some governance dynamics such as political stability and the rule of law modulate the incidence of some macroeconomic factors (i.e. domestic investment and trade openness) on tourism development. The focus of this study is on 47 countries in sub-Saharan Africa with data from 2002 to 2018, and the Generalized Method of Moments is employed as the empirical strategy. From the findings, synergy effects are apparent in the role of the rule of law in modulating domestic investment for tourism development in terms of tourism receipts. It follows that, for the sampled countries, promoting tourism development can be most effective if policies for enhancing domestic investment and promoting the rule of law are implemented simultaneously. |
| Keywords: | Tourism Management; Economic Growth; Sub-Saharan Africa |
| JEL: | O10 O40 Z3 Z32 |
| Date: | 2022–01 |
| URL: | http://d.repec.org/n?u=RePEc:agd:wpaper:22/059&r= |