Factors Influencing Business Environment Within Travel and Tourism Competitiveness

• Autorzy: Petra Vasanicova , Sylvia Jencova , Beata Gavurova , Radovan Bacik
• Języki publikacji: EN

Abstrakty

EN

Business environment is an essential indicator of a country's competitiveness in general, and in the tourism field in particular. The aim of this paper is to examine whether indicators of the Business Environment pillar of the Travel and Tourism Competitiveness Index (TTCI) share common factors. We use TTCI data of seven indicators obtained from World Economic Forum's Executive Opinion Survey for 119 countries during 2017 and 2019. Factor analysis shows two common factors, namely General legislative conditions (protection of property rights, regulations on foreign direct investment, indicators of legal and judicial systems, and market dominance) and Taxation (specifically, its extent and effect on incentives to work and invest). Data of TTCI show that overall Switzerland, Singapore, Hong Kong, and Finland have the best business environment. Contrastingly, doing business is most difficult in Venezuela, Bolivia, and Mauritania. The specific findings are very similar for both analysed years. The results of this study could be useful in any attempts to manage the business environment in travel and tourism. (original abstract)

Słowa kluczowe

EN

Business environment; Agrotourism; Competitiveness; Factor analysis

PL

Otoczenie biznesu; Agroturystyka; Konkurencyjność; Analiza czynnikowa

• Czasopismo: Economics & Sociology
• Rocznik: 2021
• Tom: 14
• Numer: nr 4
• Strony: 268--282

Twórcy

autor

Petra Vasanicova

• University of Prešov in Prešov, Slovak Republic

autor

Sylvia Jencova

• University of Prešov in Prešov, Slovak Republic

autor

Beata Gavurova

• Technical University of Košice, Slovak Republic

autor

Radovan Bacik

• University of Prešov in Prešov, Slovak Republic

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Identyfikatory

DOI

10.14254/2071-789X.2021/14-4/15