The Influence of Cultural and Natural Heritage and Characteristics of the Cultural Sector on the Development of Tourism in the European Union

Abstract

The subject of this research is conducting a panel analysis on the influence of cultural and natural heritage, and the determinants of the cultural sector on the development of tourism in 27 EU member states. The empirical part of the research will include secondary data collected from several relevant sources. In order to accept or reject defined research hypotheses. We will use the Blundell and Bond estimator the results showed that natural resources and cultural heritage have a significant and positive impact on the development of the tourism sector. Also, the results of the panel analysis show that there is a connection between the development of the cultural sector and the development of the tourism sector. Covering 27 European countries and including additional determinants of culture and tourism, this research provides a broader picture of Europe’s cultural and natural heritage and its potential. The obtained results will contribute to the understanding and evaluation of cultural and natural heritage and its impact on the tourism sector. The results of this research will help in planning further guidelines for the development of both the cultural and tourist sectors.

Keywords: Cultural Heritage, Natural Resources, European Union

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