Turizmo sektoriaus poveikio ekonomikos augimui vertinimas
Evaluation of Tourism Sector Impact on Economic Growth

Summary/Abstract: The paper analyses and evaluates the impact of tourism sector on economic growth in the world countries. FD model is used for research. This method evaluates which factors are statistically significant and have most influence on economic growth. Economic growth is identified as GDP in the country and independent variables are: labour force, export, HDI, number of arrivals, tourism receipts and tourism expenditures. Results of the research are presented in the article: a positive tourism sector impact on economic growth in three of the four analyzed groups of countries is identified. Such an impact exists in the groups of countries with high-income economies, upper middle-income economies and lower middle-income economies. An unidentified tourism sector impact on economic growth in the group of countries with the low-income economies has been determined.

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