首页|Estimation of Tourism Demand and Supply Functions for Azerbaijan: 2SLS Approach
Estimation of Tourism Demand and Supply Functions for Azerbaijan: 2SLS Approach
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NSTL
In this paper, there was investigated tourism demand and supply functions in the case of Azerbaijan. The authors have applied the 2SLS method to identify these functions. The authors came to the conclusion that the demand function of tourist trips to Azerbaijan varies depending on the level of income of tourists' origin countries and the price level in Azerbaijan. Unfortunately, the COVID-19 pandemic impacts not only the restriction policy of origin countries, as well as income in these countries. By decreasing the income levels of the population in these countries will be decreased the number of tourists to Azerbaijan.
Demand functionSupply functionTourism sector2SLSCOVID-19Price index
GULALIYEV G. MAYIS、GULIYEVA T. SHAFA、HAJIYEVA A. LEYLA、MURADOVA R. HIJRAN、MAMMADOVA I. ULKER
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Mingachevir State University
Azerbaijan State University of Econmics
Azerbaijan State University of Economics
Institute of Economics of Azerbaijan National Academy of Sciences
NSTL
