Journal

Volume 76, #1

       “Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.              
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.


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A Comparative Analysis of Tourism Sectors of Azerbaijan, Turkey and Kazakhstan Through İnput-Output Tables

Yadulla Hasanli, Sudabe Salihova


 ABSTRACT

The article assesses the impact of investments in the tourism sector on other sectors and the volume of production, as well as the level of employment in the country through the models developed on the basis of the “Input-output” tables for Azerbaijan’s, Turkey’s and Kazakhstan’s economy. In addition, “Equilibrium Prices” model which is dual of Leontief’s “Input-output model” has been prepared for all three countries, the dependencies between the value added in the tourism sector and the level of prices have been examined, and the effect of increasing value added in the tourism sector on other areas and the level of inflation has been determined.

The analysis of the simulation results carried out by models allows to determine the effectiveness of the investments in the tourism sector in comparison with other sectors for each of three countries.

Keywords:
Input-Output model, Equilibrium Prices Model, employment, direct and indirect effects, investment.

JEL Classification: C15, C67, O13