IDEAS home Printed from https://ideas.repec.org/a/vrs/mtrbid/v44y2022i3p323-337n8.html
   My bibliography  Save this article

The Economic Role of Tourism in European Countries’ Sustainable Development

Author

Listed:
  • Pasieka Stanislava

    (Prof., Bohdan Khmelnytsky National University of Cherkasy, 81 Shevchenko Boulevard, Ukraine)

  • Kirdan Oleksandr

    (Assoc., Prof., Pavlo Tychyna Uman State Pedagogical University, 2 Sadova Street, Uman, Cherkasy Region, Ukraine)

  • Braslavska Oksana

    (Prof., Pavlo Tychyna Uman State Pedagogical University, 2 Sadova Street, Uman, Ukraine)

  • Kosmidailo Inna

    (Assoc., Prof., Private Higher Educational Institution “European University”, Uman Branch, 15A Shevchenko Street, Uman)

  • Oliinyk Olga

    (Assoc., Prof., Kamianets-Podilskyi Ivan Ohiienko National University, 61 Ohiienko Street, Kamianets-Podilskyi, Ukraine)

  • Povorozniuk Inna

    (Assoc., Prof., Pavlo Tychyna Uman State Pedagogical University, 2 Sadova Street, Uman, Ukraine)

  • Drobotova Maryna

    (Assoc., Prof., Bohdan Khmelnytsky National University of Cherkasy, 81 Shevchenko Boulevard, Ukraine)

Abstract

With the coronacrisis caused by the COVID–19 pandemic, the tourism industry in Europe suffered the most in 2020, experiencing huge losses, lay-offs of workers, mass bankruptcies of firms, etc. Undoubtedly, the tourism economy contributes to the sustainable development of European countries, but how? The answer to this question is contained in the proposed study. Algorithm method, correlation and regression analysis, and non-linear programming were used to address the economic contribution of tourism to sustainable development. The modelling of the multiple power regression equation was based on freely available official statistical data from 40 European countries for the year 2020. A multiple power regression equation modelling algorithm for the impact of tourism on the sustainable development of European countries has been proposed and validated. The challenge of maximising the Sustainable Development Goals Index is set and solved. It is justified that in order to increase the average European level of sustainable development by 1 % in the post-pandemic period, the average annual number of tourists per European country should be increased by 14 %, the tourist attractiveness of destinations should be increased to increase revenues per tourist by 17 %, and the sectoral structure of the European economy should be optimised so as to reduce dependence on tourist revenues by 0.4 percentage points.

Suggested Citation

  • Pasieka Stanislava & Kirdan Oleksandr & Braslavska Oksana & Kosmidailo Inna & Oliinyk Olga & Povorozniuk Inna & Drobotova Maryna, 2022. "The Economic Role of Tourism in European Countries’ Sustainable Development," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 44(3), pages 323-337, September.
    • Handle: RePEc:vrs:mtrbid:v:44:y:2022:i:3:p:323-337:n:8
    DOI: 10.15544/mts.2022.33
    as

    Download full text from publisher

    File URL: https://doi.org/10.15544/mts.2022.33
    Download Restriction: no
    File URL: https://libkey.io/10.15544/mts.2022.33?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Anca Băndoi & Elena Jianu & Maria Enescu & Gheorghe Axinte & Sorin Tudor & Daniela Firoiu, 2020. "The Relationship between Development of Tourism, Quality of Life and Sustainable Performance in EU Countries," Sustainability, MDPI, vol. 12(4), pages 1-24, February.
    2. José-Luis Alfaro Navarro & María-Encarnación Andrés Martínez & Juan-Antonio Mondéjar Jiménez, 2020. "An approach to measuring sustainable tourism at the local level in Europe," Current Issues in Tourism, Taylor & Francis Journals, vol. 23(4), pages 423-437, February.
    3. Wanjun Xia & Buhari Doğan & Umer Shahzad & Festus Fatai Adedoyin & Abiodun Popoola & Muhammad Adnan Bashir, 2022. "An empirical investigation of tourism-led growth hypothesis in the European countries: evidence from augmented mean group estimator," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 21(2), pages 239-266, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mihai TALMACIU & Irina Teodora MANOLESCU & Stanislav PERCIC, 2020. "The Implications Of European Neighbourhood Policy On Sustainable Development Of Tourism In Eastern European Countries," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7, pages 9-26.
    2. Xi Wang & Bisharat Hussain Chang & Emmanuel Uche & Qianli Zhao, 2024. "The asymmetric effect of income and price changes on the consumption expenditures: evidence from G7 countries using nonlinear bounds testing approach," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 23(1), pages 35-53, January.
    3. Teodor Marian Cojocaru & George H. Ionescu & Daniela Firoiu & Laura Mariana Cismaș & Maria Daniela Oțil & Ovidiu Toma, 2022. "Reducing Inequalities within and among EU Countries—Assessing the Achievement of the 2030 Agenda for Sustainable Development Targets (SDG 10)," Sustainability, MDPI, vol. 14(13), pages 1-22, June.
    4. Mousazadeh Hossein, 2022. "Environmental Social Science and Urban Environment Management: A Review of Pathways Linking Policies and Planning to Citizens Living by the River," Quaestiones Geographicae, Sciendo, vol. 41(4), pages 127-139, December.
    5. Dimitrios Tsiotas & Thomas Krabokoukis & Serafeim Polyzos, 2021. "Detecting Tourism Typologies of Regional Destinations Based on Their Spatio-Temporal and Socioeconomic Performance: A Correlation-Based Complex Network Approach for the Case of Greece," Tourism and Hospitality, MDPI, vol. 2(1), pages 1-27, February.
    6. George H. Ionescu & Elena Jianu & Ioana C. Patrichi & Florin Ghiocel & Lili Țenea & Delia Iancu, 2021. "Assessment of Sustainable Development Goals (SDG) Implementation in Bulgaria and Future Developments," Sustainability, MDPI, vol. 13(21), pages 1-33, October.
    7. Batara Surya & Hernita Hernita & Agus Salim & Seri Suriani & Iwan Perwira & Yulia Yulia & Muhlis Ruslan & Kafrawi Yunus, 2022. "Travel-Business Stagnation and SME Business Turbulence in the Tourism Sector in the Era of the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(4), pages 1-37, February.
    8. Fandi Achmad & Yudha Prambudia & Augustina Asih Rumanti, 2023. "Improving Tourism Industry Performance through Support System Facilities and Stakeholders: The Role of Environmental Dynamism," Sustainability, MDPI, vol. 15(5), pages 1-24, February.
    9. Elena Jianu & Ramona Pîrvu & Gheorghe Axinte & Ovidiu Toma & Andrei Valentin Cojocaru & Flavia Murtaza, 2021. "EU Labor Market Inequalities and Sustainable Development Goals," Sustainability, MDPI, vol. 13(5), pages 1-17, March.
    10. Gulsum Akarsu, 2023. "Interrelationships between Tourist Arrivals, Exchange Rate, Inflation, and Economic Growth: Empirical Evidence for Turkiye," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 9(1), pages 49-76, June.
    11. Mengzhen Wang & Xingong Ding & Baekryul Choi, 2023. "FDI or International-Trade-Driven Green Growth of 24 Korean Manufacturing Industries? Evidence from Heterogeneous Panel Based on Non-Causality Test," Sustainability, MDPI, vol. 15(7), pages 1-20, March.
    12. Jana Coronicova Hurajova & Zuzana Hajduova, 2021. "Multiple-Criteria Decision Analysis Using TOPSIS and WSA Method for Quality of Life: The Case of Slovakia Regions," Mathematics, MDPI, vol. 9(19), pages 1-11, October.
    13. Nyoni, Thabani, 2021. "Modeling and forecasting international tourism demand in Zimbabwe: a bright future for Zimbabwe's tourism industry," MPRA Paper 110901, University Library of Munich, Germany, revised 01 Dec 2021.
    14. Sajjad Ahmad Afridi & Asad Javed & Sania Zaheer Ali & Sheeba Zafar & Maqsood Haider, 2023. "Cultivating Sustainability: The Role of Generative Leadership, Green Passion, and Green Work Behavior in Pakistan’s Tourism Industry," Sustainability, MDPI, vol. 15(19), pages 1-18, September.
    15. Daniela Firoiu & George H. Ionescu & Ramona Pîrvu & Laura Mariana Cismaș & Sorin Tudor & Ioana C. Patrichi, 2021. "Dynamics of Implementation of SDG 7 Targets in EU Member States 5 Years after the Adoption of the Paris Agreement," Sustainability, MDPI, vol. 13(15), pages 1-22, July.
    16. Valentin Herbold & Hannes Thees & Julian Philipp, 2020. "The Host Community and Its Role in Sports Tourism—Exploring an Emerging Research Field," Sustainability, MDPI, vol. 12(24), pages 1-26, December.
    17. Antonín Vaishar & Milada Šťastná & Hilda Kramáreková, 2022. "Moravian–Slovak Borderland: Possibilities for Rural Development," Sustainability, MDPI, vol. 14(6), pages 1-16, March.
    18. Tanya Rheeders & Daniel F Meyer, 2022. "The Development of a Regional Tourism Destination Competitiveness Measurement Instrument," Tourism and Hospitality, MDPI, vol. 4(1), pages 1-20, December.
    19. Muhammad Shafiullah & Usman Khalid & Luke Emeka Okafor, 2023. "Do birds of a feather flock together? Analyzing environmental performance and tourist behavior using a gravity approach," Tourism Economics, , vol. 29(5), pages 1139-1163, August.
    20. Moteab Alsaloum & Francesc Romagosa & Salman Alotaibi, 2024. "Residents’ Perceptions of the Benefits and Costs of Tourism Development: A Case Study of Riyadh City (Saudi Arabia)," Tourism and Hospitality, MDPI, vol. 5(3), pages 1-29, August.

    More about this item

    Keywords

    algorithm; GDP; goals; modelling; multiple power regression; tourist;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:mtrbid:v:44:y:2022:i:3:p:323-337:n:8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.