Smart Analysis of Tourism Policy Efficiency in Bulgaria for the Period 1980-2017
Smart Analysis of Tourism Policy Efficiency in Bulgaria for the Period 1980-2017 The purpose of this study is to determine the role of tourism in the economy of Bulgaria. We apply an econometric…
Specifikacia Smart Analysis of Tourism Policy Efficiency in Bulgaria for the Period 1980-2017
Smart Analysis of Tourism Policy Efficiency in Bulgaria for the Period 1980-2017
The purpose of this study is to determine the role of tourism in the economy of Bulgaria. We apply an econometric methodology consisting of unit root test, cointegration analysis, linear regression, correlation analysis, Granger causality test and 3-D visualizations by IBM Watson Studio based on the statistics for the period 1980-2017. In this paper, we present the history of the Bulgarian tourism industry trends from the beginning to its contemporary policy patterns.
Our findings show that a relationship between tourism and Bulgaria's economic development exists. Exploring the link between tourism and the economic development of Bulgaria, the tourism - led - growth hypothesis about Bulgaria is validated for the post-communism period. We can conclude that tourism is in part an endogenous growth process.ABSTRACTING & INDEXINGSmart Analysis of Tourism Policy
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