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Regional analysis of direct gross domestic product from tourism in Romania during 2014-2019

Author

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  • Nancu Dumitru

    (The Bucarest University of Economic Studies, Romania)

  • Mieila Mihai

    (Valahia University, Romania)

  • Manole Andrei Marcel

    (Valahia University, Romania)

  • Isbăşoiu Gheorghe Dan

    (Petroleum-Gas University of Ploiesti, Romania)

Abstract

The Tourism Satellite Account provides data on the tourism sector since 2011. The presentation of this data, as it is currently done only at national level, does not allow for studies or analyses at regional level or by specific areas of interest. At present, a limited number of countries in the world, around 15, break down these indicators by region. The article reviews the evolution of academic studies on the Tourism Satellite Account, starting from the time when no data on tourism industries or the indirect effects of tourism activities were recorded, to the present day, where principles and methods for extending the Satellite Account to the regional level are presented. The research question is: What is the level of Direct Gross Domestic Product from tourism for each development region in Romania? The methodology used to achieve the research goal involved correlation analyses on the variables studied, namely: Domestic Tourism Consumption, Number of Overnight Stays and Direct Gross Domestic Product from Tourism, as well as simple and multi-factor regression analyses, for which Direct Gross Domestic Product from Tourism is the outcome variable. The data used in these analyses are recorded from the periodicals of the Tourism Satellite Account and from the periodic records of the National Statistical Institute. The conclusions drawn from the data analysis are based on the analysis of the quality of the statistical estimators used. The data analysis, led to the conclusion that the development of the tourism sector in the period under study 2014-2019, with a growth rate over the entire period of 1,41 in terms of GDPDT, is relatively evenly distributed over each region in terms of the regional level of growth rate. The transfer of the Satellite Account aggregates by development regions or specific tourism areas, carried out in this article is a building block for other research methodologies on the analysis of all factors contributing directly or indirectly to the growth in GDP of the tourism sector.

Suggested Citation

  • Nancu Dumitru & Mieila Mihai & Manole Andrei Marcel & Isbăşoiu Gheorghe Dan, 2022. "Regional analysis of direct gross domestic product from tourism in Romania during 2014-2019," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 356-366, August.
    • Handle: RePEc:vrs:poicbe:v:16:y:2022:i:1:p:356-366:n:20
    DOI: 10.2478/picbe-2022-0035
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    References listed on IDEAS

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    1. Gössling, Stefan & Peeters, Paul & Ceron, Jean-Paul & Dubois, Ghislain & Patterson, Trista & Richardson, Robert B., 2005. "The eco-efficiency of tourism," Ecological Economics, Elsevier, vol. 54(4), pages 417-434, September.
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