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Macro-economic Factors Influencing Tourism Entrepreneurship: The Case of Kazakhstan
The Journal of Entrepreneurship Pub Date : 2021-01-22 , DOI: 10.1177/0971355720981431
Aizhan Tleuberdinova 1 , Zhanat Shayekina 2 , Dinara Salauatova 3 , Stephen Pratt 4
Affiliation  

Tourism development contributes to economic development. In emerging economies like Kazakhstan, tourism development needs active entrepreneurship. As the country emerges from the post-Soviet era, there has been an increase in economic development and prosperity. Entrepreneurship in the tourism sector can drive economies forward through the creation of new tourism and hospitality businesses. The macroeconomic environment can influence entrepreneurial activity. We use an autoregressive distributed lag (ARDL) model to examine the impact of macroeconomic factors on tourism entrepreneurship in Kazakhstan. Using data from 1996 to 2018, we find that there is a positive short-run relationship between wages in the tourism sector and entrepreneurship, suggesting that wage growth in the sector attracts entrepreneurs. In the long run, however, tourism sector wages have a negative relationship with entrepreneurship, suggesting that these higher wages represent a higher cost to entrepreneurship. There is also a strong positive relationship between national income and tourism entrepreneurship in Kazakhstan. Implications of macroeconomic policy changes for Kazakhstan and other emerging economies are discussed.



中文翻译:

影响旅游企业家精神的宏观经济因素:哈萨克斯坦的案例

旅游业的发展为经济发展做出了贡献。在哈萨克斯坦等新兴经济体中,旅游业发展需要积极的企业家精神。随着该国脱离后苏联时代的到来,经济发展和繁荣也有所增加。旅游业的企业家精神可以通过创建新的旅游和接待业务来推动经济向前发展。宏观经济环境会影响创业活动。我们使用自回归分布滞后(ARDL)模型来检验宏观经济因素对哈萨克斯坦旅游业创业的影响。使用1996年至2018年的数据,我们发现旅游业的工资与企业家精神之间存在正短期关系,这表明该行业的工资增长吸引了企业家。从长远来看,旅游业部门的工资与企业家精神负相关,这表明这些较高的工资代表了企业家精神的更高成本。哈萨克斯坦的国民收入与旅游业企业家精神之间也存在着很强的积极关系。讨论了宏观经济政策变化对哈萨克斯坦和其他新兴经济体的影响。

更新日期:2021-02-20
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