The New Concept of Human Capital and Its Impact on Economy in European Countries

Tvaronavičienė, Manuela; Jurgelevičius, Artūras

doi:10.17512/pjms.2020.22.2.37

Cited by 1 publication

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“…There is a special benefit of the results of these studies in clarifying the significance of the examined variables along with revealing new assumptions of the actions related to the factors and together with creating an active discussion platform. They can also support the development of national and international benchmarking indicators useful for comparative studies and new methodologies (Tvaronavičienė & Jurgelevičius, 2020). Narayan et al (2021) examine the role of tourism in explaining the current account balance of the Republic of Indonesia.…”

Section: Literature Reviewmentioning

confidence: 99%

Quantification of Tourism Sector Parameters Related to Competitiveness of Countries According to Macroeconomic Indicators

Gavurová¹,

Přívara²,

Janikova³

et al. 2021

JOC

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The paper investigates the relations of the macroeconomic indicators related to the competitiveness of the tourism sector among the explored countries. The tourism sector plays an important role with the purpose of contributing to the economy of each country and, thus, its competitiveness among the other countries. The fundamental aim of the paper is to investigate the relations between the macroeconomic indicators related to tourism and their influence on the economy of the countries. The data set comprises the eight macroeconomic indicators, of which the four ones are related to the gross domestic product, the two ones to employment, the penultimate one to investment, and the last one to expenditure. The observed period covers the years 1995 to 2019. The Euclidean distance is employed to evaluate the similarity of the countries and the cluster analysis to group them successively. There are several patterns visible in the analysis outcome. Firstly, the countries that behave differently for both groups of the indicators with Mexico at the top position. Secondly, the countries with considerable change throughout the observed period where Greece stands at the most extreme position for the gross domestic product indicators and Hungary in the case of the other economic indicators. Thirdly, Chile remains at the evenest position throughout the whole explored period for the first group of the indicators and the United States for the second group of the indicators. Finally, Australia has almost the same development for both groups at the evenest tendency.

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Section: Literature Reviewmentioning

confidence: 99%