Keywords : Fixed Effect Model
European Journal of Molecular & Clinical Medicine,
2020, Volume 7, Issue 2, Pages 1125-1133
Abstract. In recent years the development of international tourism became a priority in many countries including former Soviet republics. In this regard, authorities need to know how international tourism demand is constructed and what factors affect the tourists’ spending. We estimated the impact of various factors on international tourism receipts in some former Soviet countries. As a result of our empirical analysis, we found out that government efficiency, capital investments, trade, and GDP per capita mattered significantly.