Tourism Development in Karakalpakstan: Economic Contributions of Infrastructure and Inflows

Authors

  • Adilchaev Rustem Tursinbaevich Associate Professor, Karakalpak State University named by Berdak, Nukus, Republic of Karakalpakstan, Uzbekistan

DOI:

https://doi.org/10.51699/cajitmf.v5i6.741

Keywords:

Tourist, Economic development, Ordinary Least Squares (OLS), GDP growth

Abstract

Tourism plays a crucial role in regional economic development, particularly in emerging destinations like the Republic of Karakalpakstan. Despite its potential, limited research exists on the specific factors influencing its impact on regional growth. This study examines the economic significance of tourism development, focusing on infrastructure investment, tourist inflow, cultural recognition, and government support for musical activities. Using a qualitative survey and an Ordinary Least Squares (OLS) regression model, the research identifies key variables associated with regional GDP growth. Findings indicate that tourism inflows, infrastructure development, and government support significantly contribute to regional economic growth, accounting for 68% of GDP variation. However, cultural awareness plays a smaller role. Policy implications suggest increased investment in infrastructure and government promotion, alongside financial incentives. Further research is needed to explore the environmental and social impacts of tourism, as well as private sector contributions.

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Published

2024-10-09

How to Cite

Tursinbaevich, A. R. . (2024). Tourism Development in Karakalpakstan: Economic Contributions of Infrastructure and Inflows. Central Asian Journal of Innovations on Tourism Management and Finance, 5(6), 255–264. https://doi.org/10.51699/cajitmf.v5i6.741

Issue

Vol. 5 No. 6 (2024): October

Section

Articles

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