THE IMPACT OF TOURISM ON ECONOMIC DEVELOPMENT – A CROSS-COUNTRY PERSPECTIVE
DOI:
https://doi.org/10.24193/subbnegotia.2020.1.02Keywords:
Tourism, Economic development, Romania, Spain, Turkey.Abstract
Tourism is one of the main economic activities in many countries. The core idea of this paper is to conduct a comparative analysis of the economic impact of tourism in Romania, Spain and Turkey during 2000 - 2018. Thus, the aim of the present paper is three-fold. The first is to analyze the direct, indirect and induced contributions of Travel & Tourism to GDP in these countries. The second is to determine the impact of Internal T&T Consumption on GDP growth. The third is to measure tourism multiplier and tourism efficiency.
JEL Classification: O57, Z32
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