The Model Of Development Of Tourism Activity In The Region Of Azerbaijan

Abstract

Objectives: The study is aimed at analyzing the impact of this group of factors on the region's GDP in the tourism industry. The purpose of the study is to study the trends in the development of the tourism sector in the region of Azerbaijan, as well as to identify the main group of factors affecting the GDP growth of the Nakhichevan Autonomous Republic of Azerbaijan.

Theoretical basis: To account for the economic growth of the tourism sector, individual equations are created taking into account the components, which are easier to model due to stable changes from period to period depending on the number of tourists accepted, on the income and expenses of travel companies. Economic growth equations are difficult to model because economic conditions, particularly those in the tourism market, affect this process over time.

Method: In the study, the dialectical method was used to identify common approaches to the study of factors affecting the development of the tourism sector and their relationship to GDP growth. The methods of analysis and synthesis, comparison, induction and deduction, etc. were also used in the work. These listed methods were also used for comparative analysis of GDP indicators and factors influencing its growth. When developing the relationship of the model between the volume of GDP and the two identified groups of factors, an econometric regression model was applied.

Results and discussion: The model of the relationship between the GDP of a country's region and the system of factors is built in the form of a step system. The free variable factors are grouped into two groups. Based on the data (2010-2023), a correlation model of the relationship between GDP and other factors was constructed, and the adequacy of the model was tested for autocorrelation at α=0.01 (1%), α=0.05 (5%).