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Financial and Credit Regulation as a Tool for Attracting Investments in Tourism and the Hotel and Restaurant Business of Ukraine

Author

Listed:
  • Ilda Kampo

    (University of Pech Faculty of Sciences, Institute of Geography and Earth Sciences, University of Pech, Ifjúság, Pécs, Ukranie)

  • Tetiana Kulinich

    (Department of Management of Organizations, Lviv Polytechnic National University, Lviv, Ukraine)

  • Ð ndrii Ivanov

    (Department of Entrepreneurship and Tourism, Educational and Scientific Institute of Information Technologies and Innovative Entrepreneurship, Odessa National Maritime University, Odessa, Ukraine)

  • Natalia Biletska

    (Vinnytsia Institute of Designing of Clothes and Entrepreneurship, Ukranie)

  • Hanna Mashika

    (Department of Tourism, Uzhgorod National University, Uzhorod, Ukraine)

Abstract

This research investigates into the significant role of financial and credit regulations in promoting investments within Ukraine's tourism sector, with a specific emphasis on the hotel and restaurant industry. By integrating mathematical modelling and empirical data analysis, the study uncovers how regulatory environments and credit accessibility jointly influence investment decisions. The development of a differential equation model quantitatively reveals that measures aimed at regulatory simplification and enhancing credit conditions are closely linked with increased investment levels. It identifies critical thresholds for regulatory simplification and credit availability, where indices exceeding 0.45 and 0.55, respectively, are associated with substantial growth in investment rates. This assertion is substantiated by empirical evidence from a survey of 250 industry stakeholders, highlighting the significant positive effects of these regulatory and financial adjustments on investment intentions. The findings highlight the necessity of precise financial and credit regulatory reforms to improve Ukraine's tourism investment climate. The practical significance of this research lies in its potential to guide policy formulation aimed at unlocking the investment potential of Ukraine's tourism sector, ensuring its growth and sustainability in the global context.

Suggested Citation

  • Ilda Kampo & Tetiana Kulinich & Ð ndrii Ivanov & Natalia Biletska & Hanna Mashika, 2024. "Financial and Credit Regulation as a Tool for Attracting Investments in Tourism and the Hotel and Restaurant Business of Ukraine," International Journal of Economics and Financial Issues, Econjournals, vol. 14(4), pages 66-76, July.
    • Handle: RePEc:eco:journ1:2024-04-7
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    References listed on IDEAS

    as
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    4. Fengxiao Gong & Hui Chen, 2023. "Ways to bring private investment to the tourism industry for green growth," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-8, December.
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    More about this item

    Keywords

    Investment Attraction; Regulatory Impact; Credit Facilitation; Tourism Infrastructure; Financial Policy; Sectoral Development;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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