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Relations between infrastructure innovations and tourism spending in developed countries: A macroeconomic perspective

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dc.title Relations between infrastructure innovations and tourism spending in developed countries: A macroeconomic perspective en
dc.contributor.author Gavurová, Beáta
dc.contributor.author Belás, Jaroslav
dc.contributor.author Valášková, Katarína
dc.contributor.author Rigelský, Martin
dc.contributor.author Ivanková, Viera
dc.relation.ispartof Technological and Economic Development of Economy
dc.identifier.issn 2029-4913 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2021
utb.relation.volume 27
utb.relation.issue 5
dc.citation.spage 1072
dc.citation.epage 1094
dc.type article
dc.language.iso en
dc.publisher Vilnius Gediminas Tech Univ
dc.identifier.doi 10.3846/tede.2021.15361
dc.relation.uri https://journals.vgtu.lt/index.php/TEDE/article/view/15361
dc.subject economic development en
dc.subject expenditure en
dc.subject innovations en
dc.subject information and communication technologies en
dc.subject infrastructure en
dc.subject ecological sustainability en
dc.subject tourism en
dc.subject OECD en
dc.description.abstract Tourism spending as well as innovations are characterized by great economic value, which emphasizes the need for their research from a macroeconomic perspective. The objective of the research was to assess the significance of the relations between infrastructure innovations and tourism spending in a sample of developed countries. The analytical processes included macroeconomic indicators expressing tourism spending and innovations. The research sample consisted of 36 countries of the Organization for Economic Co-operation and Development (OECD) (2010-2019). The analytical processes were primarily performed using robust panel regression and cluster analysis. One of the most important findings is that innovations in information and communication technologies (ICTs) were dominant in terms of the effects on tourism visitors' spending. The results showed that innovations in other areas of infrastructure (general infrastructure, ecological sustainability) should not be neglected either. The significant effects of selected innovation indicators showed positive trajectories. As a result, with the strengthening of innovation activities, an increase in tourism spending is expected, which may lead to economic development. It can be assumed that innovation efforts in countries such as Mexico, the Slovak Republic and Turkey could have great potential for improvement. Based on the results, innovations should be considered a part of tourism development strategies, while ICTs play an important role in this issue. It is desirable to support effective tools to increase the number of innovations in tourism. These innovation efforts at the national level may translate into higher tourism spending, which appears to be economically beneficial. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1010530
utb.identifier.obdid 43882572
utb.identifier.scopus 2-s2.0-85113950993
utb.identifier.wok 000691263600005
utb.source J-wok
dc.date.accessioned 2021-09-06T20:39:31Z
dc.date.available 2021-09-06T20:39:31Z
dc.description.sponsorship Tomas Bata University in Zlin [FSR-S/2020/FaME/001]
dc.description.sponsorship Univerzita Tomáše Bati ve Zlíně: FSR-S/2020/ FaME/001
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Gavurová, Beáta
utb.contributor.internalauthor Belás, Jaroslav
utb.fulltext.affiliation Beata GAVUROVA1*, Jaroslav BELAS2, Katarina VALASKOVA3, Martin RIGELSKY4, Viera IVANKOVA5, 1, 2 Faculty of Management and Economics, Tomas Bata University in Zlín, Mostní 5139, 760 00 Zlín, Czech Republic, 3 Faculty of Operation and Economics of Transport and Communications, University of Zilina, Univezitna 1, 010 26 Zilina, Slovakia, 4, 5 Faculty of Management, University of Prešov in Prešov, Konštantínova 16, 080 01 Prešov, Slovakia, 5 Faculty of Mining, Ecology, Process Control and Geotechnologies, Technical University of Košice, Letná 9, 042 00 Košice, Slovakia
utb.fulltext.dates Received 27 March 2021 accepted 08 May 2021
utb.fulltext.sponsorship This work was supported by Tomas Bata University in Zlín with the project no. FSR-S/2020/FaME/001.
utb.wos.affiliation [Gavurova, Beata; Belas, Jaroslav] Tomas Bata Univ Zlin, Fac Management & Econ, Mostni 5139, Zlin 76000, Czech Republic; [Valaskova, Katarina] Univ Zilina, Fac Operat & Econ Transport & Commun, Univ 1, Zilina 01026, Slovakia; [Rigelsky, Martin; Ivankova, Viera] Univ Presov Presov, Fac Management, Konstantinova 16, Presov 08001, Slovakia; [Ivankova, Viera] Tech Univ Kosice, Fac Min Ecol Proc Control & Geotechnol, Letna 9, Kosice 04200, Slovakia
utb.scopus.affiliation Faculty of Management and Economics, Tomas Bata University in Zlín, Mostní 5139, Zlín, 760 00, Czech Republic; Faculty of Operation and Economics of Transport and Communications, University of Zilina, Univezitna 1, Zilina, 010 26, Slovakia; Faculty of Management, University of Prešov in Prešov, Konštantínova 16, Prešov, 080 01, Slovakia; Faculty of Mining, Technical University of Košice, Letná 9, Košice, 042 00, Slovakia
utb.fulltext.projects FSR-S/2020/FaME/001
utb.fulltext.faculty Faculty of Management and Economics
utb.fulltext.faculty Faculty of Management and Economics
utb.identifier.jel O00
utb.identifier.jel O10
utb.identifier.jel O11
utb.identifier.jel Z30
utb.identifier.jel Z32
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