Macroeconomic Factors Influencing the Development of the Sharing Economy in the Lithuanian Tourism Sector

Reference: Navickas, V., Petrokė, I., Urbanski, M., Soboleva, O. (2022). Macroeconomic Factors Influencing the Development of the Sharing Economy in the Lithuanian Tourism Sector. Journal of Tourism and Services, 25(13), 248-266. doi: 10.29036/jots.v13i25.437

Authors

DOI:

https://doi.org/10.29036/jots.v13i25.437

Abstract

The sharing economy expands and becomes a significant part of tourism, contributing to economic development. The Lithuanian tourism sector is changing from an internal perspective and is influenced by various external macro-environment factors. Currently, as the tourism sector recovers, not only on a national but also international scale, to achieve rapid development of the tourism sector, and assess the importance of one of the biggest catalysts of the tourism sector - the sharing economy, the research aim is to determine the macroeconomic factors that have the influence on the sharing economy in the tourism sector, Lithuania. This research will help policymakers and other stakeholders to create conditions for the sharing economy in the tourism sector for future development and growth in Lithuania. The paper is carried out in the following logical order. First, the literature analysis identifies the macro-environment vectors that significantly impact the development of the sharing economy. The further analysis identifies specific parameters that, according to various literature reviews, influence sharing economy's development in the tourism sector. Further research is aimed at verifying coefficients of influential macroeconomic factors and impact directions by experts. The authors found a positive, most substantial medium-term relationship: between 21-49 years old population growth; increase in monthly income; higher education level of population; the number of households with children;  consumer confidence index. The results suggest that the growth of these and other analyzed parameters would have the most influence while encouraging sharing economy's development in the tourism sector. The authors also analyzed other political, economic, sociocultural, technological, environmental, and legal parameters.

Author Biographies

Navickas Valentinas, School of Economics and Business, Kaunas University of Technology, Lithuania Social and Economic Relations Faculty; Alexander Dubček University of Trenčin, Slovakia

Prof. Ing. Dr. Valentinas Navickas

Affiliation: School of Economics and Business, Kaunas University of Technology, Lithuania. Social and Economic Relations Faculty, Alexander Dubček University of Trenčin, Slovakia

E-mail: valentinas.navickas@tnuni.sk

Doctor of social sciences (economics), professor at Kaunas University of Technology (Lithuania) and Alexander Dubček University of Trenčin (Slovakia). Author of more than 400 scientific publications (including monographs published in the Czech Republic in 2013 and Slovak Republic in 2016 and 2018) and scientific articles. He prepared eight doctors of social science; now he is the research adviser of 3 persons maintaining a doctor's thesis in social (economics) science. Fields of scientific interest: development economics, competitiveness, economic growth, sharing economy, tourism economics.

Ieva Petrokė, School of Economics and Business, Kaunas University of Technology, Lithuania

Ieva Petrokė

Affiliation: School of Economics and Business, Kaunas University of Technology, Lithuania.

E-mail: ieva.petroke@gmail.com

Doctoral student. Author of 12 scientific publications, published in Lithuania and abroad. Fields of scientific interest: economic growth, development economics, sharing economy, tourism economics.

Mariusz Urbański, Road and Bridge Research Institute, Poland

Dr. Mariusz Urbańśki

Affiliation: Director of the Road and Bridge Research Institute, Warszawa, Poland

E-mail: murbanski@ibdim.edu.pl

Doctor of civil engineering at the Czestochowa University of Technology. Author of 27 papers indexed in Scopus. His scientific field contains foreign workers management, immigration, human resources management, transport economics, and road infrastructure.

Olga Soboleva, Pan-European University, Prague, Czech Republic

Dr. Olga Soboleva

Affiliation: Department of Tourism, Faculty of Business, Pan-European University, Prague, Czech Republic.

E-mail: olga.soboleva@peuni.cz

Author of 19 scientific publications. Fields of scientific interest: tourism, cultural tourism, cultural-event tourism, tourism economics, development economics, economics and management, regional and local economics, and financial management.

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Published

2022-12-20