Estimation of a Growth Rate Model for International Business Tourism

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Estimation of a Growth Rate Model for International Business Tourism

May 15, 2021 Economics and Management 0

The goal of this article is to identify the elements that influence business tourism on a worldwide scale in order to assess nations’ competence in this tourist segment and provide them with actionable recommendations. A growth rate model was estimated and a sample of 136 nations between the years 2005 and 2009 was collected for the creation of data analysis. The findings show that governments should establish policies that support capital investment in tourism, leisure tourism, and trade openness in order to drive growth in the business tourism category. Economic agents should also concentrate their investments in equipment that adds value to the tourism supply chain, particularly transportation and entertainment and culture-related equipment.

Author (s) Details

Pedro M. Carvalho
School of Technology and Management, Polytechnic Institute of Viana do Castelo, Portugal.

Miguel A. Márquez
Faculty of Economics and Business Administration, University of Extremadura, Spain.

Montserrat Díaz-Méndez
Faculty of Economics and Business Administration, University of Extremadura, Spain.

View Book :- https://stm.bookpi.org/IEAM-V9/article/view/948

 

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