Akademik Məlumat İdarəetmə Sistemi
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.672-681
Tourism sector accounts for roughly 30 percent of global trade in services. It is known that Azerbaijan, Kazakhstan, and Iran are oil rich countries. In recent years because of the oil price went down, it compelled these countries to develop the non-oil-gas sector. The tourism sector has assumed great importance among the non-oil-gas sectors. The tourism sector is of great importance by the standpoint of accelerating the social-economic and cultural development, increasing the employment level by producing the products in the branches of the service sector, providing with foreign direct investment and currency inflows. Because tourism is included in the composition of some economic activity types, especially service fields it affords the specific difficulties to evaluate its direct and indirect effects on the country's economy like the separate sector. We consider that Input-Output tables reflecting the inter-industrial relations and the models being worked out on these tables are very useful for conducting these types of analyses. In this study, the investments assigned to the tourism and its direct and indirect impacts to the other fields and outputs and employment level of these fields have been evaluated by means of models established on basis of Input-Output tables. Analysis of the results of simulations made with models gives the opportunity to define the efficiency of investments assigned to the tourism sector with respect to the other industries on each of the three countries separately. Afterward, the comparative analysis of the results of the models has been carried out.