The Analysis of Tourism and Economic Growth Relationship in Central and Eastern European Countries

Abstract

Contemporary international tourism generates economic flows which have become vital for economic growth, trade, and international economic relations in many countries, especially developing ones. Being based upon sources of receipts and consumption in situ, international tourism is regarded as a nonstandard type of export. For that reason, many governments are paying greater attention to supporting and stimulating tourism as a potential source of economic growth. Central and Eastern European countries (CEECs), developing countries whose economic growth is facing many challenges, have also recognized this potential role of tourism. The aim of this paper is to study the impact of international tourism growth on economic growth in these countries in the 2000–2014 period.