Estimation of Tourism Demand and Supply Functions for Azerbaijan: 2SLS Approach-Reference-Cited by-同舟云学术

Estimation of Tourism Demand and Supply Functions for Azerbaijan: 2SLS Approach

Published:2021-10-20 Issue: Volume:18 Page:1280-1290
ISSN:2224-2899
Container-title:WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
language:en
Short-container-title:

Author:

Mayis Gulaliyev G.¹^ORCID,Shafa Guliyeva T.²,Leyla Hajiyeva A.³,Hijran Muradova R.³,I. Ulker Mammadova⁴

Affiliation:

1. Mingachevir State University, Mingachevir city, D. Aliyeva 21 AZ4500, AZERBAIJAN

2. Azerbaijan State University of Econmics (UNEC). AZERBAIJAN

3. Azerbaijan State University of Economics (UNEC), AZERBAIJAN

4. Institute of Economics of Azerbaijan National Academy of Sciences, Baku city, ave. H.Javid, 115. AZ1143, AZERBAIJAN

Abstract

In this paper, there was investigated tourism demand and supply functions in the case of Azerbaijan. The authors have applied the 2SLS method to identify these functions. The authors came to the conclusion that the demand function of tourist trips to Azerbaijan varies depending on the level of income of tourists’ origin countries and the price level in Azerbaijan. Unfortunately, the COVID-19 pandemic impacts not only the restriction policy of origin countries, as well as income in these countries. By decreasing the income levels of the population in these countries will be decreased the number of tourists to Azerbaijan.

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

Economics and Econometrics,Finance,Business and International Management

Reference39 articles.

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