TOURISM AND ECONOMIC GROWTH NEXUS IN INDONESIA: THE DYNAMIC PANEL DATA APPROACH

Elvina PRIMAYESA

Faculty of Economics and Business, Diponegoro University, Semarang, Indonesia, Faculty of Economics, Andalas University, Padang, Indonesia

yesa040486@gmail.com

Wahyu WIDODO

Faculty of Economics and Business, Diponegoro University, Semarang, Indonesia

wahyuwid2002@live.undip.ac.id

F.X. SUGIYANTO

Faculty of Economics and Business, Diponegoro University, Semarang, Indonesia

fxsugiyanto09@gmail.com

Abstract

The positive impact of tourism on economic growth is generally influenced by various indicators at both global and national levels. However, the question remains whether tourism encourages economic growth or vice versa. This paper examines the importance of tourism as a conditioning factor for economic growth in Indonesia. The validity of the relationship between tourism and economic growth can be examined by using the dynamic panel data estimation approach and convergence analysis to provide evidence of the impact of tourism on economic growth in Indonesia. In accordance with the initial hypothesis on tourism and economic growth, the result shows that the former can encourage the latter, although there is no indication of convergence among provinces in Indonesia. Therefore, if the supply characteristics of the tourism sector are improved, then it can be considered as an alternative source for stimulating economic growth in Indonesia.

Keywords: Economic Growth, Tourism, Dynamic Panel Data, Convergence

JEL classification: C23, L83, O40, O53
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MODELING OF REGIONAL ECONOMIC DEVELOPMENT BASED ON INNOVATIVE CLUSTERS

Dmitry NAPOLSKIKH

Candidate of Economic Sciences, Associate Professor of the Department of Management and Law, Volga State University of Technology, Russia, Yoshkar-Ola

NapolskihDL@yandex.ru

Tatyana V. YALYALIEVA

Candidate of Economic Sciences, Professor of the Department of Management and Law, Volga State, University of Technology, Russia, Yoshkar-Ola

yal05@mail.ru

Abstract

The subject of the research is improvement of methodological tools for modeling economic development based on the formation of innovative clusters of environmental management within the region economic space. The aim of the work is to develop an economic-mathematical model for the formation of innovative clusters, expanding the methodological potential of forecasting and planning territorial development. Special attention is paid to the peculiarities of innovative cluster development process, which determine the initial conditions of the problem of finding the optimal spatial location and long-term development of industrial production in the cluster. The problems of optimization of spatial distribution of new and development of existing industries in the process of implementation of the cluster initiative are considered, approaches to mathematical modeling of formation and development of innovative clusters are generalized. The features of the economic-mathematical model of the formation of innovative cluster of environmental management are identified. The problem of optimizing economic development for territory on the basis of innovation cluster are formulated.

Keywords: economic clustering, innovation clusters, environmental management, optimization of economic development, economic-mathematical model, territorial development, industrial policy, regional economy, old-industrial regions, resource-producing industries, inter-sectoral interaction.

JEL classification: O1, R58
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MANAGEMENT OF THE TERRITORY TAX POTENTIAL TO ENSURE ITS TAX SECURITY

Marina S. SHEMYAKINA

Cand.Econ.Sci., associate professor, Faculty of Economics, Chair of Accounting and Audit, Volga State University of Technology, Yoshkar-Ola, Russia, 424000, Yoshkar-Ola, pl. Lenina 3

ShemyakinaMS@volgatech.net

Elena A. MURZINA

Cand.Econ.Sci., associate professor, Faculty of Management and Law, Volga State University of Technology, Yoshkar-Ola, Russia, 424000, Yoshkar-Ola, pl. Lenina 3

MurzinaEA@volgatech.net

Tatiana V. YALYALIEVA

Cand.Econ.Sci., associate professor, Faculty of Management and Law Head of the Chair of Management and Law, Volga State University of Technology, Yoshkar-Ola, Russia, 424000, Yoshkar-Ola, pl. Lenina 3

YalyalievaTV@volgatech.net

Abstract

The authors investigated theoretical approaches to the tax potential category, substantiated the position that tax potential should be managed to ensure tax security of public law education and the basis of its assessment. Forecast models of tax potential developed in relation to the Republic of Mari El. The purpose of the study is to examine The purpose of the study is to examine structure of the consolidated budget tax revenue. One of the objectives of the study is to validate the uniformity of the tax revenue structure. The authors determined that the share of the three main taxes (personal income tax, corporate income tax and corporate property tax) in the total tax revenues of the consolidated budget does not practically change. Models are built using correlation-regression analysis, describing the dependence of macroeconomic indicators and the main sources of tax revenues. The results of the study is constructed model, which is used to determine the region tax potential.

Keywords: tax potential, tax security, tax revenues, assessment of tax potential

JEL classification: F43, Н2, H21
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