Determinants of international tourism in Albania: A panel data analysis

Abstract

The main aim of this research is the identification of some of the most relevant demand and supply determinants of tourism inflows to Albania, given the fundamental role of the tourism sector on the country’s economy. We formulate and estimate a gravity model for international tourism flows, considering some standard independent variables. The considered dataset includes twenty major origin countries over the period 2002-2021. According to the empirical results, all the parameters are statistically significant and the R-squared value is satisfactory.