Patriotic Tourism Demand in Albania: A System GMM Model Approach

• DOI: 10.2478/jeb-2023-0027
• Publication Date: 2023-12-11T21:10:06Z
• Authors: Emiljan Karma
• Keywords: Sample (material); Cohesion (chemistry); Sustainable Tourism; Value (mathematics); Alternative tourism

Abstract This paper aims to evaluate the determinants of international tourism demand in Albania following existing literature and particulars sector using Dynamic Panel Data from 2011 2019. The analysis is conducted on sample 20 countries origin Two-Step GMM Model. highlights importance word-of-mouth effect industry marked at same time by inferior goods services, as defined microeconomic theory. While one hand, becomes very useful terms social cohesion (converging familiars relatives), other it can support better general economic development. At time, this study underlines relative Government Spending. National strategy must look not only quantity but mostly sustainable greater added value segments.