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Yadulla Hasanli, Sudabe Salihova: A Comparative Analysis of Tourism Sectors of Azerbaijan,
Turkey and Kazakhstan Through İnput-Output Tables
Analysis
the level of price (inflation) in K azakhstan both in the sector and in the country.
Since the Azerbaijani economy is more dependent on petroleum than Kazakhstan,
the increase in the value added rate in the oil sector causes the price level in
Azerbaijan to be more affected than in Kazakhstan. Moreover, the increase in the
value added in the oil sector by 1% is due to the fact that the price increase in its
sector is less than in Kazakhstan, because oil prices in Azerbaijan are under state
control. According to the simulation results obtained, the total amount of 1%
increase of the final product in the tourism industry affected mostly in Turkey. The
reason that the tourism sector has weaker indirect relations with other sectors of the
economy in Azerbaijan compared to Turkey and Kazakhstan.
Considering the results, investment in the tourism sector in all three countries has a
positive impact on the country's economy and other sectors of the economy. Thus, as
the amount of capital to be included in the tourism sector increases, tourism
revenues will increase. Intensive promotion and investment activities should be
carried out in order to get a share from these increased revenues. In order to
maintain these activities in a healthy and effective manner, economic sectors
participating in tourism activities should be supported and correct economic policies
should be followed.
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ARDSK (2006). İnput-output tables. Bakı: The Agency of Statistics of the Repuclic
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