Tourism and economic growth of Azerbaijan: Linkages and impacts

Gandilova S.

African Journal of Hospitality, Tourism and Leisure, vol.9, no.2, pp.1-9, 2020 (Scopus) identifier

  • Publication Type: Article / Article
  • Volume: 9 Issue: 2
  • Publication Date: 2020
  • Journal Name: African Journal of Hospitality, Tourism and Leisure
  • Journal Indexes: Scopus, Directory of Open Access Journals
  • Page Numbers: pp.1-9
  • Keywords: Azerbaijan, Correlation, Econometric analysis, Economic growth, Regression, Tourism
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

The article deals with the relationship between tourism and economic growth in Azerbaijan. The theoretical bases of economic growth of the country and tourism are considered, and the question of dependence of GDP of the country on development of the tourism sector is studied. The issue of tourism potential of Azerbaijan and the degree of tourism development in the country was also looked at. The impact of economic growth indicators such as gross domestic product and gross national income on international tourism revenues was analyzed. The analysis of the relationship and impact of indicators were based on the correlation and regression method. Statistically significant pair models of interrelation, suitable for forecasting, were obtained.