Tourism and Economic Development in Romania: Input-Output Analysis Perspective

Abstract

Tourism provides a lot of opportunities for sustainable economic development. At local level, by its triggering effect it could represent a factor of economic recovery, by putting to good use the local material and human potential. By its position of predominantly final-branch, tourism exercises to a large impact on national economy by the vector of final demand, for which the possible and/or desirable variant for the future is an economic-social demand that must be satisfied by variants of total output. Using the input-output model (IO model) a comparison was made of the matrix of direct technical coefficients (aij) and the one of the total requirement coefficients (bij) with the assistance of which the direct and propagated effects were determined for this activity by the indicators defining the dimensions of national economy.tourism, economic impact, multipliers, input-output, Romania