State Regulation of the Tourism Industry for Attracting International Investment
Abstract
The possibilities of developing the tourism industry in the Republic of Kazakhstan based on attracting investment and public-private partnerships (PPP) are examined in this article. The goal of the study is to analyze the possibilities of investing in the tourism industry of Kazakhstan with due consideration of the risk component and to determine the main strategic directions for the development of the tourism industry in Kazakhstan. The authors have analyzed the tourism regulatory practice in the Republic of Kazakhstan and identified the main problems of the tourism industry. The analysis has indicated that the large territory of the country, underdevelopment of the tourism infrastructure, and unwillingness of the tourism business to invest in its development are high-risk factors that require more global investment in the development of the tourism industry. The development of the tourism industry is supposed to be carried out with the comprehensive state support through the creation of a special system of legislative acts and favorable conditions for attracting investment and developing infrastructure. The approaches to attracting investment in various areas of the tourism industry, adopted by the leadership of various countries, have been considered. The authors have proposed recommendations for improving legislative measures and measures of state support for the tourism industry in Kazakhstan, primarily those that should secure the investment flows, based on the analysis of international experience and practice of the tourism industry in Kazakhstan. The issue of attracting international investment to the tourism industry in PPPs has been considered separately. The conclusions and proposals made on the basis of the research results can be used in the regulatory activities of specialized state bodies, taken into account when making investment decisions, and used as educational and methodological materials in the study of state regulation of tourism.
References
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[34] Decree of the Government of the Republic of Kazakhstan No. 360 dated May 31, 2019 "On approval of the State Program for the Development of the Tourism Industry of the Republic of Kazakhstan for 2019 – 2025" (as amended on February 4, 2020). Available at: http://adilet.zan.kz/rus/docs/P1900000360
[35] Decree of the Government of the Republic of Kazakhstan No. 406 dated June 30, 2017 "On approval of the Concept for the development of the tourism industry of the Republic of Kazakhstan through to 2023". Available at: http://adilet.zan.kz/rus/docs/P1700000406
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[2] Afanasov, N.A. 2019. Practice of state regulation of domestic tourism in foreign countries. In the collection: Society and Living Space of the Individual (interdisciplinary aspects), collection of articles of the II All-Russian Research-to-Practice Conference, edited by E.V. Eremina, V.F. Mukhamedzhanova, 94–99. Penza: Privolzhskiy Dom Znaniy. (in Russian)
[3] Alford, P., Jones, R. 2020. The lone digital tourism entrepreneur: Knowledge acquisition and collaborative transfer. Tourism Management, 81: 104139. DOI:https://doi.org/10.1016/j.tourman.2020.104139
[4] Baizakov, S., Adilbekova, B.S. 2017. Models of public-private partnerships in medical tourism. Science News of Kazakhstan, 2(132): 16–41. (in Russian)
[5] Biryukov, V.A., et al. 2019. Formation of a Tourism Entrepreneurial Environment in the Conditions of Competition. Journal of Environmental Management and Tourism, 10(8): 1779–1784.
[6] Bushueva, I.V., Yudina, E.V. 2020. Current state and analysis of tourism development in Russia until 2035. Revista Inclusiones, 7(Sp): 350-356.
[7] Chistyakova, E.Yu., Abdikarimova, M.N. 2018. Tourism industry of the Republic of Kazakhstan. Tourism industry: opportunities, priorities, problems, and prospects, 12(1): 146–150. (in Russian)
[8] Dmitrieva, O.V., et al. 2020. Economic and Legal Aspects of Regulating the Tourism Industry. Journal of Environmental Management and Tourism, 11(4): 837-843. DOI: https://doi.org/10.14505//jemt.v11.4(44).07
[9] Dudin, M.N., et al. 2017. Peculiarities of Sustainable Tourism Development in the Russian Federation. Journal of Environmental Management and Tourism, 8(8): 1559-1566. DOI:https://doi.org/10.14505/jemt.v8.8(24).12
[10] Font, X., Higham, R., Miller, G., Pourfakhimi, Sh. 2019. Research engagement, impact and sustainable tourism. Journal of sustainable tourism, 27(1): 1–11.
[11] Germanovich, A.G., et al. 2020. Impact of Tourism on Sustainable Development of Rural Areas: International Experience. Journal of Environmental Management and Tourism, 11(4): 965-972. DOI:https://doi.org/10.14505//jemt.11.4(44).21
[12] Gornostaeva, L.A. 2011. Attraction of foreign investment in the nonproduction sector of the Russian economy: tourism industry. In: Nonproduction sector in the context of globalization: collective monograph, edited by G.V. Kozlova. Tambov: Biznes-Nauka-Obshchestvo. (in Russian)
[13] Huyen, L.H.B. 2020. Solutions to attract investment capital for tourism development: Evidence from Vietnam economy. Journal of accounting, 6(2): 209-214.
[14] Kachalova, N. 2020. How the pandemic hit the tourism industry in Kazakhstan and what is happening in the tourism market now. Available at: https://kursiv.kz/news/obschestvo/2020-03/kak-pandemiya-udarila-po-turisticheskoy-otrasli-kazakhstana (in Russian)
[15] Kazyrykpay, Sh.B. 2019. Comparative analysis of sustainable tourism models in Russia and abroad. In the collection: Modern Technologies in the World Scientific Space. Collection of articles of the International Research-to-Practice Conference, Ufa, Russia, May 11, 2019, 79–83. Ufa- Omega-Sains.
[16] Kupeshova, S., Aizharygov, S. 2020. Inbound tourism as a priority of the state policy of the Republic of Kazakhstan. Economic sciences, 185: 70–77. (in Russian)
[17] Kuru, K., Artan, D. 2020. A canvas model for risk assessment and performance estimation in public – private partnerships. International Journal of Construction Management, 20(6): 704-719. DOI:https://doi.org/10.1080/15623599.2020.1763898
[18] Lee, Ch.-F. 2020. Understanding the Factors Determining the Attractiveness of Camping Tourism: A Hierarchical Approach. Journal Tourism Planning & Development (May 1): 1-17. DOI:https://doi.org/10.1080/21568316.2020.1758761
[19] Levina, M. 2020. Tourism after the pandemic. Where Kazakhstanis will go this summer and what will happen to the tourism industry. Available at: https://vlast.kz/biznes/39828-turizm-posle-pandemii.html (in Russian)
[20] Maslennikova, E.G., Yudina, E.V. 2020. Tourism Potential of National Parks: Opportunities for Promotion through Photo Tourism. Geplat: Caderno Suplementar, 3: 1-11.
[21] Morozova, L.S. et al. 2019. Implementation of Public-Private Partnership in The Russian Federation. International Journal of Recent Technology and Engineering, 8(3): 1819-1825.
[22] Nikolskaya, Y.E. 2020. Formulation of development strategy for tourism and hospitality industry. International Journal of Management, 11(3): 467–474.
[23] Nurpeisova, A.A. 2018. Improving the mechanism for attracting financial institutions to the implementation of PPP projects in the healthcare sector of the Republic of Kazakhstan. In the collection: Formation of the brand of medical tourism in Kazakhstan and promotion of medical services of the Republic of Kazakhstan to the international market. Proceedings of the Round Table, Almaty, Kazakhstan, May 23, 2018, 42-48. Almaty: The Turan University Publishing House. (in Russian)
[24] Pineda, F.D., Brebbia, C.A., Miralles, J.L., eds. 2016. Sustainable tourism VII. Southampton: WIT Press, 231.
[25] Rey, I.Yu., Zhansagimova, A.E. 2019. Analysis of tourism development in the Republic of Kazakhstan. Greater Eurasia: Development, security, cooperation, 2–1: 296–298. (in Russian)
[26] Romanova, J.A., et al. 2020. Innovative Development of the Food Industry in the Conditions of Sanctions and Import Substitution on the Basis of Public-Private Partnership. Journal of Advanced Research in Law and Economics, 10(2): 663–673.
[27] Romanova, M.M. 2014. Tourism investment in Russia and other countries. In: Economy and modern management: theory and practice: collection of articles based on the proceedings of the XXXIV International Research-to-Practice Conference, edited by A.I. Gulin, 2(34): 241-245. Novosibirsk: SibAK Publishing House. (in Russian)
[28] Shamalova, E., et al. 2020. Assessing Factors of Small Business Development in Subjects of the Russian Federation. Journal of Advanced Research in Law and Economics, 11(2): 574–585. DOI:https://doi.org/10.14505/jarle.v11.2(48).28
[29] Shomshenkova, B. et al. 2020. Environmental and Economic Sustainability of Regional Development. Journal of Environmental Management and Tourism, 11(3): 594-600. DOI:https://doi.org/10.14505//jemt.v11.3(43).12
[30] Suleimenova, N.O. 2019. Prospects for the development of tourism in Kazakhstan in the light of the new Concept for the Development of the Tourism Industry through to 2025. Scientific Almanac of the France-Kazakhstan Association, 1: 96–101. (in Russian)
[31] Usubalieva, S.D., Kozybagarov, A.A. 2015. Foreign investment in tourism in the Republic of Kazakhstan and other states]. Bulletin of the Turan University, 3(67): 169–172. (in Russian)
[32] Zhidkikh, V.A. 2010. On the regulatory support of the state policy strategy of domestic and inbound tourism in Russia. Analytical Bulletin of the Federation Council, 3(389). (in Russian)
[33] Zvyagintseva, E.P., et al. 2020. Functional Aspects of the Development of International Tourism. Journal of Environmental Management and Tourism, 11(4): 955-959. DOI: https://doi.org/10.14505//jemt.11.4(44).19
[34] Decree of the Government of the Republic of Kazakhstan No. 360 dated May 31, 2019 "On approval of the State Program for the Development of the Tourism Industry of the Republic of Kazakhstan for 2019 – 2025" (as amended on February 4, 2020). Available at: http://adilet.zan.kz/rus/docs/P1900000360
[35] Decree of the Government of the Republic of Kazakhstan No. 406 dated June 30, 2017 "On approval of the Concept for the development of the tourism industry of the Republic of Kazakhstan through to 2023". Available at: http://adilet.zan.kz/rus/docs/P1700000406
[36] Kazakhstan Newsline. 2020. Reduction in the number of travel agencies is expected in Kazakhstan - Kazakhstan Tourism Association. Available at: https://newsline.kz/ru/article/906063/ (in Russian)
[37] Law of the Republic of Kazakhstan No. 211-II dated June 13, 2001 "On Tourist Activities in the Republic of Kazakhstan" (revised and amended on July 1, 2019). "Kazakhstanskaya Pravda" 23.06.2001.
[38] Tourism of Kazakhstan. Statistical collection. 2018. Astana: Committee on Statistics, pp. 16–20.
[39] Tourism industry in Kazakhstan is waiting for growth. n. d. Available at: https://online.zakon.kz/Document/?doc_id=31546665#pos=4;19 (in Russian)
Published
2020-09-13
How to Cite
SHAYAKHMETOVA, Liliya; MAIDYROVA, Aigul; MOLDAZHANOV, Marat.
State Regulation of the Tourism Industry for Attracting International Investment.
Journal of Environmental Management and Tourism, [S.l.], v. 11, n. 6, p. 1489 - 1495, sep. 2020.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/5536>. Date accessed: 26 dec. 2024.
doi: https://doi.org/10.14505/jemt.11.6(46).19.
Section
Article
Copyright© 2024 The Author(s). Published by ASERS Publishing 2024. This is an open access article distributed under the terms of CC-BY 4.0 license.