The Effect of Education and R&D on Tourism Spending in OECD Countries: An Empirical Study
The aim of the presented study was to evaluate the effects of education and research and development (R&D) on tourism spending in a sample of OECD countries. The analyses were performed on the basis of data on tourism spending and data on education and R&D. The research included 36 OECD c...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Academy of Economic Studies of Bucharest
2021-08-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3041.pdf |
| _version_ | 1797990999283204096 |
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| author | Beata Gavurova Jaroslav Belas Katarina Zvarikova Martin Rigelsky Viera Ivankova |
| author_facet | Beata Gavurova Jaroslav Belas Katarina Zvarikova Martin Rigelsky Viera Ivankova |
| author_sort | Beata Gavurova |
| collection | DOAJ |
| description | The aim of the presented study was to evaluate the effects of education and research and
development (R&D) on tourism spending in a sample of OECD countries. The analyses
were performed on the basis of data on tourism spending and data on education and R&D.
The research included 36 OECD countries, which were analysed for the period 2010-2019.
Robust estimation was used in the panel data models. The results revealed the effect of
R&D on leisure tourism spending (R&D→LTS) and the effect of R&D on visitor exports
(foreign spending) (R&D→VEFS) with positive coefficients. On this basis, it can be
concluded that improvements in R&D can lead to increased leisure tourism spending as
well as foreign spending. The countries such as Latvia, Chile, the Slovak Republic, Mexico,
Lithuania, Turkey, Poland, Greece, Estonia, and Hungary have a great potential for an
improvement in R&D, which may also result in a growth of tourism spending. The research
was focused on the macroeconomic perspective of education and R&D and their effect on
tourism spending as key economic indicators. The study provides interesting findings that
are useful for policy makers in revitalizing the tourism sector through the effective
implementation of policies and strategies aimed at increasing tourism spending. The study
also enriches and contributes to the knowledge about the relationships between economic
development and the development of the tourism sector |
| first_indexed | 2024-04-11T08:45:16Z |
| format | Article |
| id | doaj.art-6590e62dbf8341299490b599fa133d4c |
| institution | Directory Open Access Journal |
| issn | 1582-9146 2247-9104 |
| language | English |
| last_indexed | 2024-04-11T08:45:16Z |
| publishDate | 2021-08-01 |
| publisher | Academy of Economic Studies of Bucharest |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj.art-6590e62dbf8341299490b599fa133d4c2022-12-22T04:33:59ZengAcademy of Economic Studies of BucharestAmfiteatru Economic1582-91462247-91042021-08-01235880682310.24818/EA/2021/58/806The Effect of Education and R&D on Tourism Spending in OECD Countries: An Empirical StudyBeata Gavurova0https://orcid.org/0000-0002-0606-879XJaroslav Belas1https://orcid.org/0000-0002-5900-997XKatarina Zvarikova2Martin Rigelsky3Viera Ivankova4Tomas Bata University in Zlín, Zlín, Czech RepublicTomas Bata University in Zlín, Zlín, Czech RepublicUniversity of Zilina, Zilina, Slovak RepublicUniversity of Prešov in Prešov, Prešov, Slovak RepublicUniversity of Prešov in Prešov, Prešov, Slovak RepublicThe aim of the presented study was to evaluate the effects of education and research and development (R&D) on tourism spending in a sample of OECD countries. The analyses were performed on the basis of data on tourism spending and data on education and R&D. The research included 36 OECD countries, which were analysed for the period 2010-2019. Robust estimation was used in the panel data models. The results revealed the effect of R&D on leisure tourism spending (R&D→LTS) and the effect of R&D on visitor exports (foreign spending) (R&D→VEFS) with positive coefficients. On this basis, it can be concluded that improvements in R&D can lead to increased leisure tourism spending as well as foreign spending. The countries such as Latvia, Chile, the Slovak Republic, Mexico, Lithuania, Turkey, Poland, Greece, Estonia, and Hungary have a great potential for an improvement in R&D, which may also result in a growth of tourism spending. The research was focused on the macroeconomic perspective of education and R&D and their effect on tourism spending as key economic indicators. The study provides interesting findings that are useful for policy makers in revitalizing the tourism sector through the effective implementation of policies and strategies aimed at increasing tourism spending. The study also enriches and contributes to the knowledge about the relationships between economic development and the development of the tourism sectorhttps://www.amfiteatrueconomic.ro/temp/Article_3041.pdftourisminnovationspendingeducationtertiary educationresearch and development (r&d) |
| spellingShingle | Beata Gavurova Jaroslav Belas Katarina Zvarikova Martin Rigelsky Viera Ivankova The Effect of Education and R&D on Tourism Spending in OECD Countries: An Empirical Study Amfiteatru Economic tourism innovation spending education tertiary education research and development (r&d) |
| title | The Effect of Education and R&D on Tourism Spending in OECD Countries: An Empirical Study |
| title_full | The Effect of Education and R&D on Tourism Spending in OECD Countries: An Empirical Study |
| title_fullStr | The Effect of Education and R&D on Tourism Spending in OECD Countries: An Empirical Study |
| title_full_unstemmed | The Effect of Education and R&D on Tourism Spending in OECD Countries: An Empirical Study |
| title_short | The Effect of Education and R&D on Tourism Spending in OECD Countries: An Empirical Study |
| title_sort | effect of education and r d on tourism spending in oecd countries an empirical study |
| topic | tourism innovation spending education tertiary education research and development (r&d) |
| url | https://www.amfiteatrueconomic.ro/temp/Article_3041.pdf |
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