RURAL DEVELOPMENT IN THE EUROPEAN UNION THROUGH TOURISM POTENTIAL

The article analyses the impact of coronavirus COVID-19 on the rural territories’ condition and shifts which faced the countryside’s economy in conducting business. Using the tools of economic and mathematical modeling (based on correlation-regression), analysis of the impact of the indicator “marke...

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Bibliographic Details
Published inManagement theory & studies for rural business & infrastructure development Vol. 43; no. 4; pp. 555 - 561
Main Authors Maliuta, Liudmyla, Harmatiy, Nataliya, Fedyshyn, Iryna, Tkach, Uliana
Format Journal Article
LanguageEnglish
Published Sciendo 06.01.2022
Subjects
agricultural policy
correlation-regression analysis
economic damage
incentives
Q13
R51
region
rural tourism
Z32
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Summary:The article analyses the impact of coronavirus COVID-19 on the rural territories’ condition and shifts which faced the countryside’s economy in conducting business. Using the tools of economic and mathematical modeling (based on correlation-regression), analysis of the impact of the indicator “market related expenditure and direct aids” (MREDA) on “rural development expenditure” (RDE) was made. The correlation between the indicator “financial framework total” (FFT) and MREDA was studied. It was found that tourism has a high potential to revitalize rural business and infrastructure the development of which were hardly hit by pandemic and suffer from the effects of crises caused by it. A structural scheme improving rural development by tourism promotion through financial and credit stimulation of tourist activity in rural areas was elaborated. It also details in blocks a tool for solving problems from the economic, legal, social and informational point of view.
ISSN:1822-6760
2345-0355
DOI:10.15544/mts.2021.50