IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISM

IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISM

This paper aims to highlight, using a linear regression model, how the antisocial measures (reducing wages, taxation of pensions, increased VAT rate), adopted by the government amid the global financial crisis, affect various aspects of life in Romania. In this respect, using a simple linear correla...

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Main Author: ADINA TRANDAFIR
Format: Article
Language:English
Published: University of Petrosani 2012-01-01
Series:Annals of the University of Petrosani: Economics
Subjects:
Romanian tourism
global downturn
fiscal measures
Online Access:http://www.upet.ro/annals/economics/pdf/2012/part1/Trandafir.pdf
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spelling doaj-ee9e1dee786e4583bbac51bc62f3ecfe2020-11-24T23:22:37ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202012-01-01XII1305312IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISMADINA TRANDAFIRThis paper aims to highlight, using a linear regression model, how the antisocial measures (reducing wages, taxation of pensions, increased VAT rate), adopted by the government amid the global financial crisis, affect various aspects of life in Romania. In this respect, using a simple linear correlation, we analyzed the impact of the average wage in Romania on the number of days of accommodation and on the number of tourists staying in southern Black Sea coast hotel during 2004-2011. Analysis revealed a strong correlation (as detected by the correlation matrix) between the variables mentioned above and also a strong impact of the independent variable (average salary) on the two dependent variables (number of days of stay and the number of Romanian tourists staying in unit from 2004-2011).http://www.upet.ro/annals/economics/pdf/2012/part1/Trandafir.pdfRomanian tourismglobal downturnfiscal measures
collection DOAJ
language English
format Article
sources DOAJ
author ADINA TRANDAFIR
spellingShingle ADINA TRANDAFIR
IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISM
Annals of the University of Petrosani: Economics
Romanian tourism
global downturn
fiscal measures
author_facet ADINA TRANDAFIR
author_sort ADINA TRANDAFIR
title IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISM
title_short IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISM
title_full IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISM
title_fullStr IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISM
title_full_unstemmed IMPACT OF FINANCIAL CRISIS ON BLACK SEA TOURISM
title_sort impact of financial crisis on black sea tourism
publisher University of Petrosani
series Annals of the University of Petrosani: Economics
issn 1582-5949
2247-8620
publishDate 2012-01-01
description This paper aims to highlight, using a linear regression model, how the antisocial measures (reducing wages, taxation of pensions, increased VAT rate), adopted by the government amid the global financial crisis, affect various aspects of life in Romania. In this respect, using a simple linear correlation, we analyzed the impact of the average wage in Romania on the number of days of accommodation and on the number of tourists staying in southern Black Sea coast hotel during 2004-2011. Analysis revealed a strong correlation (as detected by the correlation matrix) between the variables mentioned above and also a strong impact of the independent variable (average salary) on the two dependent variables (number of days of stay and the number of Romanian tourists staying in unit from 2004-2011).
topic Romanian tourism
global downturn
fiscal measures
url http://www.upet.ro/annals/economics/pdf/2012/part1/Trandafir.pdf
work_keys_str_mv AT adinatrandafir impactoffinancialcrisisonblackseatourism
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