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Tourist spending and productivity of economy in OECD countries – Research on perspectives of sustainable tourism

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dc.title Tourist spending and productivity of economy in OECD countries – Research on perspectives of sustainable tourism en
dc.contributor.author Gavurová, Beáta
dc.contributor.author Suhányi, Ladislav
dc.contributor.author Rigelský, Martin
dc.relation.ispartof Entrepreneurship and Sustainability Issues
dc.identifier.issn 2345-0282 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2020
utb.relation.volume 8
utb.relation.issue 1
dc.citation.spage 983
dc.citation.epage 1000
dc.type article
dc.language.iso en
dc.publisher Entrepreneurship and Sustainability Center
dc.identifier.doi 10.9770/jesi.2020.8.1(66)
dc.relation.uri https://jssidoi.org/jesi/article/666
dc.subject tourist spending en
dc.subject sustainable tourism en
dc.subject sustainable development en
dc.subject productivity en
dc.subject expenditures en
dc.subject tourism en
dc.subject OECD en
dc.description.abstract Tourism represents the sector of services which is developing the most considerably and dynamically. However, its development is influenced by: trends in globalization, process of demographic aging, economic parameters, geographical conditions of a country, consumers, and other aspects. The following aspects contribute to its development: new destinations, markets, innovative activities in service sector, and also technological development. Tourism plays a significant economic role in a process of sustainable regional development, where it helps to develop low-growth regions. Monitoring and quantification of tourism outputs is a very complicated process. There also absents a quality database, which complicates a quantification of sector’s efficiency and a creation of national and international benchmarking indicators that inform of sustainable tourism level. These aspects demand a realization of multi-dimensional analyses, which would examine causal relations between tourism factors and economic parameters of a country. The study’s moti vation was driven by all of the above-mentioned facts. It aims at researching an influence of tourism spending on OECD countries’ productivity. Consequently, it evaluates their potential of the sector’s sustainability. Multiple analytical procedures, which were determined by database availability, were performed in order to achieve the, research aim. The following analyses were performed besides the descriptive statistics: variance analysis of researched variables between individual years and OECD countries, context analysis, regression and cluster analyses. There were analysed 5 variables that characterize individual types of tourist spending: Business Tourism Spending, Domestic Tourism Spending, Leisure Tourism Spending, Outbound Travel & Tourism Expenditure, Visitor Exports (Foreign Spending) and one variable that characterizes productivity during 2010 – 2018 for all OECD countries. Spending variables were standardized per 1,000 inhabitants of a given country and productivity was measured by GDP per capita, while both groups of variables were provided in USD (fair value). The analyses’ results provided interesting findings. The regression models’ outputs confirmed an influence of tourist spending on a country’s productivity. All variables that indicate spending are significant. The cluster analysis’s results allowed a selection of countries into four groups. There is two huge clusters and other two clusters represent only one countries in specific cluster. Luxemburg and Iceland give us different values than countries in other clusters. The countries with higher rank are as follows: Australia (AUS), Austria (AUT), Belgium (BEL), Canada (CAN), Germany (DEU), Denmark (DNK), Finland (FIN), France (FRA), Unites Kingdom (GBR), Switzerland (CHE), Ireland (IRL), Italy (ITA), Netherland (NLD), Norway (NOR), New Zealand (NZL), Sweden (SWE), United States (USA), Island (ISL) and Luxembourg (LUX). On the other hand, the countries with lower rank are as follows: Czech Republic CZE, Spain (ESP), Estonia (EST), Greece (GRC), Hungary (HUN), Chile (CHL), Israel (ISR), Japan (JPN), Korea (KOR), Lithuania (LTU), Latvia (LVA), Mexico (MEX), Poland (POL), Portugal (PRT), Slovak Republic (SVK), Slovenia (SVN) and Turkey (TUR). These findings provide a space for a deeper research of effect between determinants of tourism development and economic indicators, while they enable to reveal a space for a growth of countries’ productivity that would provide a sustainability in tourism sector. © Entrepreneurship and Sustainability Center. All rights reserved. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009864
utb.identifier.obdid 43881307
utb.identifier.scopus 2-s2.0-85089670346
utb.identifier.wok 000560841000065
utb.source j-scopus
dc.date.accessioned 2020-09-01T10:09:21Z
dc.date.available 2020-09-01T10:09:21Z
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Gavurová, Beáta
utb.fulltext.affiliation Beata Gavurova 1, Ladislav Suhanyi 2, Martin Rigelsky 3 1 Faculty of Management and Economics, Tomas Bata University in Zlín, Mostní 5139, 760 01 Czech Republic 2,3 Faculty of Management, University of Prešov, Konštantínova 16, 080 01 Prešov, Slovakia
utb.fulltext.dates Received 12 May 2020 accepted 10 July 2020 published 30 September 2020
utb.fulltext.sponsorship The research was supported by the Research and Development Agency, GAAA under the contract No. 21/2020: “Management, business risk and the firm bankruptcy in the segment of SMEs”
utb.wos.affiliation [Gavurova, Beata] Tomas Bata Univ Zlin, Fac Management & Econ, Mostni 5139, Zlin 76001, Czech Republic; [Suhanyi, Ladislav; Rigelsk, Martin] Univ Presov, Fac Management, Konstantinova 16, Presov 08001, Czech Republic
utb.scopus.affiliation Faculty of Management and Economics, Tomas Bata University in Zlín, Mostní 5139760 01, Czech Republic; Faculty of Management, University of Prešov, Konštantínova 16, Prešov, 080 01, Slovakia
utb.fulltext.projects 21/2020
utb.fulltext.faculty Faculty of Management and Economics
utb.identifier.jel L83
utb.identifier.jel F43
utb.identifier.jel R11
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