Analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance
International tourism is one of the largest and most highly profitable sectors of the world economy. International tourism takes a special place in the system of world economic relations and universal values, and it contributes to the strengthening of positive trends in the economic, political and s...
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doaj-972e870e21f6410b9e5413f8be623f162020-11-25T02:18:55ZengAfricaJournalsAfrican Journal of Hospitality, Tourism and Leisure2223-814X2020-01-0191Analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance Dr. Nurkhodzha Akbulaev0 Gulnar Mirzayeva 1Faculty of Economics of Turkish World Department of Economics and Business Administration Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan Faculty of Economics of Turkish World Department of Economics and Business Administration Azerbaijan State University of Economics (UNEC), Baku, AzerbaijanInternational tourism is one of the largest and most highly profitable sectors of the world economy. International tourism takes a special place in the system of world economic relations and universal values, and it contributes to the strengthening of positive trends in the economic, political and sociocultural life of society. Many researchers agree that international tourism has a strong impact on employment, as new jobs are geographically speaking, spread more widely than in other sectors of the economy. At the same time, existing work often does not address in detail and from the point of view of statistical analysis the relationship between tourism and the foreign trade balance of the country. That is why the definition of the role and importance of international tourism in the formation of macroeconomic indicators of the country, in particular - the foreign trade balance - is an extremely pressing issue for the development of the economy of an individual country and the world. This article is devoted to defining the role of international tourism in improving the structure of foreign trade activities. Correlation regression analysis is given. Based on the research carried out, the link between international tourism and the foreign trade balance of the country has been identified. Based on the statistical analysis of the country's data for 1995 - 2018, this showed that there is a correlation of exports of goods from revenues of international tourism. With a 1% increase in international tourism revenues, exports of goods from other industries grow by an average of 0.57%, and the foreign trade balance grows by an average of 0.59%. In this research, the role of tourism in the balance of payments has been proved very significantly. https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_19_vol_9__1__2020_azerbaijan.pdfcorrelation-regression analysisinternational tourismforeign trade balancepair regression modelazerbaijan |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Dr. Nurkhodzha Akbulaev Gulnar Mirzayeva |
spellingShingle |
Dr. Nurkhodzha Akbulaev Gulnar Mirzayeva Analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance African Journal of Hospitality, Tourism and Leisure correlation-regression analysis international tourism foreign trade balance pair regression model azerbaijan |
author_facet |
Dr. Nurkhodzha Akbulaev Gulnar Mirzayeva |
author_sort |
Dr. Nurkhodzha Akbulaev |
title |
Analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance |
title_short |
Analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance |
title_full |
Analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance |
title_fullStr |
Analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance |
title_full_unstemmed |
Analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance |
title_sort |
analysis of a paired regression model of the impact of income from international tourism on the foreign trade balance |
publisher |
AfricaJournals |
series |
African Journal of Hospitality, Tourism and Leisure |
issn |
2223-814X |
publishDate |
2020-01-01 |
description |
International tourism is one of the largest and most highly profitable sectors of the world economy. International tourism takes a special place in the system of world economic relations and universal values, and it contributes to the strengthening of positive trends in the economic, political and sociocultural life of society. Many researchers agree that international tourism has a strong impact on employment, as new jobs are geographically speaking, spread more widely than in other sectors of the economy. At the same time, existing work often does not address in detail and from the point of view of statistical analysis the relationship between tourism and the foreign trade balance of the country. That is why the definition of the role and importance of international tourism in the formation of macroeconomic indicators of the country, in particular - the foreign trade balance - is an extremely pressing issue for the development of the economy of an individual country and the world. This article is devoted to defining the role of international tourism in improving the structure of foreign trade activities. Correlation regression analysis is given. Based on the research carried out, the link between international tourism and the foreign trade balance of the country has been identified. Based on the statistical analysis of the country's data for 1995 - 2018, this showed that there is a correlation of exports of goods from revenues of international tourism. With a 1% increase in international tourism revenues, exports of goods from other industries grow by an average of 0.57%, and the foreign trade balance grows by an average of 0.59%. In this research, the role of tourism in the balance of payments has been proved very significantly. |
topic |
correlation-regression analysis international tourism foreign trade balance pair regression model azerbaijan |
url |
https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_19_vol_9__1__2020_azerbaijan.pdf |
work_keys_str_mv |
AT drnurkhodzhaakbulaev analysisofapairedregressionmodeloftheimpactofincomefrominternationaltourismontheforeigntradebalance AT gulnarmirzayeva analysisofapairedregressionmodeloftheimpactofincomefrominternationaltourismontheforeigntradebalance |
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