Tourism as a Factor of Economic Growth: An Empirical Analysis for Armenia/Զբոսաշրջությունը Որպես Տնտեսական Աճի Գործոն. Փորձառական Վերլուծություն Հայաստանի Համար/Туризм Как Фактор Экономического Роста։ Эмпирический Анализ Для Армении
Abstract:In recent years, the question of whether tourism contributes to long-run economic growth has been widely discussed in the touristic literature, but the results of empirical research remain conflicting. The Tourism-led growth hypothesis (TLGH) has been introduced, according to which international tourism is a strategic factor of economic growth in the long run. The COVID-19 pandemic reaffirmed the need for countries to test this hypothesis empirically as most countries recognize the crucial role of tourism in e… Show more
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