TY  - JOUR
T1  - THE IMPACT OF TOURISM ON ECONOMIC GROWTH: THE CASE OF ALBANIA
TT  - The Impact of Tourism on Economic Growth: The Case of Albania
AU  - Hamza, Oltjan
PY  - 2025
DA  - April
Y2  - 2025
JF  - Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi
JO  - ASEAD
PB  - İrfan TÜRKOĞLU
WT  - DergiPark
SN  - 2148-9963
SP  - 133
EP  - 143
VL  - 12
IS  - 2
LA  - en
AB  - Purpose: Tourism plays a key role in the economic development of many countries, especially in developing nations, by generating jobs, attracting foreign exchange, and reducing trade deficits. This study examines the impact of tourism revenues on Albania’s economic growth.Methodology: In the econometric analysis phase of the study, spanning the years 1995-2023, an econometric model was created and examined using short-term Structural Vector Autoregression (SVAR) and long-term Vector Error Correction Model (VECM) analysis in the STATA software program. Findings: As a result, it has been determined that there is a short-term and long-term cointegration relationship between tourism and economic growth. In this context, diversification of tourism revenues and a return to growth policies will be an important element in the process of sustainable growth.
KW  - Albania
KW  - Tourism
KW  - Economic Growth
KW  - Structural Vector Autoregression (SVAR)
KW  - Vector Error Correction Model (VECM)
N2  - Purpose: Tourism plays a key role in the economic development of many countries, especially in developing nations, by generating jobs, attracting foreign exchange, and reducing trade deficits. This study examines the impact of tourism revenues on Albania's economic growth.Methodology: In the econometric analysis phase of the study, spanning the years 1995-2023, an econometric model was created and examined using short-term SVAR (Structural Vector Autoregression) and long-term VECM (Vector Error Correction Model) analysis in the STATA software program.Findings: As a result, it has been determined that there is a short-term and long-term cointegration relationship between tourism and economic growth. In this context, diversification of tourism revenues and a return to growth policies will be an important element in the process of sustainable growth.
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ER  -