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September 10, 2025THE PROBLEMS OF ECONOMYOpen Access

Empirical Investigation of the Relationship Between the Tourism Sector and Economic Growth: Case of Azerbaijan

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A strong relationship exists between tourism revenue, employed population, and GDP in Azerbaijan.
Numerous econometric tests confirmed the statistical significance of the multiple regression model parameters.
The analysis evaluated model adequacy using Fisher’s F-statistic and t-statistic alongside the coefficient of determination.
Findings highlight the increasing importance of the tourism sector for Azerbaijan's economic development.

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Empirical analysis shows tourism revenue impacts economic growth indicators in Azerbaijan, suggesting a strategic economic role.

Huseynova et al. (2025) studied this question.

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