The Impact of Tourism on the Socio-Economic Development of Volyn Region
Abstract
The purpose of the article is assessing the impact of the tourism industry on the socio-economic development of Volyn region. The following methods were used to conduct an objective and thorough study: analysis and synthesis (to determine the sequence of the study); deduction and induction (to choose a research strategy); systematization (to formulate the conclusions of the study); structural and logical generalization (to build a logical model of the research process); statistical (in the formation and processing of statistical information base); SWOT-analysis (to estimate the tourist potential of the Volyn region). The possibilities of development of tourism in the region are determined, the influence of tourist activities on other sectors of the economy and the socio-economic effect from the organization of tourist activities in the region. The dynamics of tourist flows in the Volyn region has been analyzed and their role in the economic growth of the region has been assessed.Separate indicators of tourism demand and tourist proposal in the structure of economic region activity are investigated, which the analysis of the dynamics give grounds to assert both positive and negative trends in the development of a local tourist market. As part of the overall positive increase in demand, the development of supply should take place by improving quality and offers. The role and place of tourism enterprises in ensuring the economic growth of the region are clarified. It is established that the contribution of tourism infrastructure enterprises of the region to the local budget is insignificant. The main problems the functioning of the tourism industry are revealed and the directions the intensification of local authorities are outlined to ensure economic growth of the tourism industry. The development of the tourist industry of the Volyn region and the development the regional market of tourist services will positively affect the socio-economic situation of both the region and the state as a whole.
References
[2] Cherchyk, L., Mishchenko, O. and Yerko, I. 2014. Tourist and recreational complex of Volyn region: prerequisites for the formation: monograph. Lutsk: Lesia Ukrainka East European National University. 128.
[3] Cherchyk, L., Yerko, I., Kolenda, N. and Mishchenko, O. 2014. The current state of development tourist and recreational complex of the Volyn region: monograph. Lutsk: Lesia Ukrainka East European National University. 152.
[4] Gryshchuk, A. M. and Masiuk, Y. O. 2015. Determination of the influence of tourism development on the national economy. Economic analysis, 1 (21): 26-33.
[5] Hettiarachchi, HAN. 2019. The Impact of the Tourism Industry on Socio-Economic Development of Informal and Small-Scale Business Community: A Case Study from Ella Divisional Secretariat Division of Badulla District. Proceedings of the 6th International Conference on Multidisciplinary Approaches. Available at: https://ssrn.com/abstract=3497396
[6] Ivanov, S. and Webster, C. 2007. Measuring the impact of tourism on economic growth. Tourism Economics, 13 (3): 379-388. DOI: https://doi.org/10.5367/000000007781497773
[7] Khan, A., et al. 2020. Tourism and Development in Developing Economies: A Policy Implication Perspective. Sustainability, 12: 1618.
[8] Konishcheva, N. I. and Kushirovych, N. O. 1999. Methodical approaches to the assessment of social, economic and ecological consequences of tourism development: tourist and local research. Edition 2. B.: Carmalite. 356.
[9] Kronenberg, K. and Fuchs, M. 2021. The socio-economic impact of regional tourism: an occupation-based modelling perspective from Sweden. Journal of Sustainable Tourism. DOI: 10.1080/09669582.2021.1924757
[10] Lawal, A.I., Asaleye, A.J., Iseolorunkanmi, J. and Popoola, O. 2018. Economic growth, agricultural output and tourism development in Nigeria: an application of the ARDL bound testing approach. Journal of Environmental Management and Tourism, 9 (4). Available at: http://eprints.lmu.edu.ng/1966/
[11] Lee, C. C. and Chang, C. 2008. Tourism development and economic growth: A closer look at panels. Tourism Management, 29: 180-192. DOI: https://doi.org/10.1016/j.tourman.2007.02.013
[12] Lin, V.S., Yang, Y. and Li, G. 2019. Where can tourism-led growth and economy-driven tourism growth occur? J. Trav. Res., 58: 760–773.
[13] Melniichuk, M. M., Uevych, S. D. and Bezsmertniuk, T. P. 2013. Strategy of tourism and recreation development in the North-Western region of Ukraine. Scientific edition of the Lesia Ukrainka East European National University. Range: Geography science. Lutsk, 6 (255): 172179.
[14] Melniichuk, M. M., Uevych, S. D., Chernets, V. S., Gladich, L. V. and Bezsmertniuk, T. P. 2013. Modern state and prospects for the development of tourist and recreational activities of the Volyn region. Scientific notes of Ternopil National Pedagogical University named after Volodymyr Hnatyuk. Range: Geography. Ternopil, 2 (35): 101115.
[15] Mironov, Yu. B. and Svydruk, I. I. 2016. Tourism as a factor of economic development of the country. Scientific herald of the National Forestry University of Ukraine. Ed. 26.6: 255–262. Available at: https://nv.nltu.edu.ua/Archive/2016/26_6/41.pdf
[16] Pablo-Romero, M. P. and Molina, J. A. 2013. Tourism and economic growth: A review of empirical literature. Tourism Management Perspectives, 8: 28–41. DOI: https://doi.org/10.1016/j.tmp.2013.05.006
[17] Papp, V. V. and Boshota, N. V. 2014. Tourism as a priority direction of economic development of the region (on the example of the Zakarpatya region). Socio-economic problems of the Ukraine modern period. Ed. 3: 528–537. Available at: http://nbuv.gov.ua/UJRN/sepspu_2014_3_56
[18] Ribeiro, E. da C. and Wang, B. 2019. Tourism led growth hypothesis: has the tourism industry an impact on the economic growth of Sao Tome and Principe? Int. J. Econ. Financ., 10: 180–185.
[19] Shahzad, S.J.H., Shahbaz, M., Ferrer, R. and Kumar, R.R. 2017. Tourism-led growth hypothesis in the top ten tourist destinations: new evidence using the quantile-onquantile approach. Tourism Manag., 60: 223–232.
[20] Suryandaru, R. 2020. Measuring tourism-led growth hypothesis in Indonesia. Int. J. Cult. Tourism Hospit. Res. 14: 295–300.
[21] Tang, C.F. and Tan, E.C. 2015. Does tourism effectively stimulate Malaysia’s economic growth? Tourism Manag., 46: 158–163.
[22] Tugcu, C. T. 2014. Tourism and economic growth nexus revisited: A panel causality analysis for the case of the Mediterranean region. Tourism Management, 42: 207-212. DOI: https://doi.org/10.1016/j.tourman.2013.12.007
[23] Voronkova, T. E. and Prytulenko, A. V. 2020. International tourism and its impact on the socio-economic development of Ukraine. Efficient economy, 11. Available at: http://www.economy.nayka.com.ua/?op=1&z=8359
[24] Wu, T.-P. and Wu, H.-C. 2018. The causal nexus between international tourism and economic development. Tourism Anal., 23: 17–29.
[25] Main Department of Statistics in Volyn Region. Available at: http://www.lutsk.ukrstat.gov.ua
[26] State Statistics Service of Ukraine. Available at: http://www.ukrstat.gov.ua
[27] State Web Portal of the Budget for Citizens. Available at: https://openbudget.gov.ua
[28] Tourist Barometer of Ukraine. National Tourist Organization of Ukraine. Available at: http://www.ntoukraine.org/assets/files/ntou-barometer-2020.pdf
[29] Volyn Region Development Strategy until 2027 year. Available at: https://www.minregion.gov.ua/wp-content/uploads/2020/04/volynska-strategiya-rozvytku-volynskoyi-oblasti-na-period-do-2027-roku.pdf
[30] WTTC. 2021. Global Economic Impact and Trends 2021. Available at: https://wttc.org/Portals/0/Documents/Reports/2021/Global%20Economic%20Impact%20and%20Trends%202021.pdf
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.