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This paper estimates the potential output in Romania using seven structural VAR models. During the period of economic boom the potential GDP growth in Romania was around 6.5 %. The severe economic crisis that started in the last quarter of 2008 generated a significant reduction of the potential...
Persistent link: https://www.econbiz.de/10010632126
In this paper, we determine the potential economic growth in Romania using three statistical univariate filters. The techniques used are Hodrick-Prescott (HP), Christiano-Fitzgerald (CF) and Baxter-King (BK) filters. According to our calculations, HP outperforms the other two filters for the...
Persistent link: https://www.econbiz.de/10010632733
In order to attract in the future a significant number of tourists, entrepreneurs from Harghita tourism should adopt … strategies to develop tourism products which they should sell as they can meet the requirements of tourism market currently … manifested. Marketing strategies used should be aimed at creating viable tourism products to harness the best natural and spa …
Persistent link: https://www.econbiz.de/10010838978
Increasing the quality of tourism services must be established as a priority for owners and resorts under management … increased competition Powerful tourism market of our country. Competition has become increasingly close in recent years, so …
Persistent link: https://www.econbiz.de/10010925853
legislation and cooperation with other economic sectors, including tourism. From this perspective, modern management requires a … holistic vision, leading to an integrated tourism development, ensuring sustainable development activities taking place in the … the communitarian politics in valorisation through tourism of the Romanian protected areas and the projection of an …
Persistent link: https://www.econbiz.de/10010926015
This article aims to analyze the sustainable development of tourism in Romania, given its cyclical movements generated … reserve capacity of the economy is tourism? How close is an economy to function at its potential productive? In our case the … output gap is the difference between the real level of domestic production and the estimated tourism potential. Identify the …
Persistent link: https://www.econbiz.de/10010940661
field of tourism. Due to the immateriality of tourist products, the promotion hereof is rather difficult to achieve …
Persistent link: https://www.econbiz.de/10010940669
Tourism and air transport are the areas most vulnerable to change public perception. News media about earthquakes …
Persistent link: https://www.econbiz.de/10008854787
The present economic and financial crisis influenced considerably the tourism sector, at global level. Thus, in 2009 …, international tourist arrivals dropped by 4% and revenues from international tourism decreased by 6%, at global level. The … governments in most of the countries with significant tourism attractiveness have analyzed the impact of the crisis on tourism and …
Persistent link: https://www.econbiz.de/10008854805
concerning the impact on tourism are prezented based on field research carryed out for the City Hall of Sibiu. In spite of a …
Persistent link: https://www.econbiz.de/10008854863