A Model of Development of the Resort and Recreation-Based Economy on the Basis of the Transformational Cycle

Journal Title: Проблеми економіки - Year 2015, Vol 2015, Issue 1

Abstract

In today’s world economy, resort recreation is one of the highest-grossing business spheres. Ukraine has a powerful resort and recreation potential that can result in practical economic benefit if developed efficiently. This requires formation of a systemic development concept for such systems, of which economic transformations are an integral part. The article aims to develop an approach to modeling of the transformational development of resort and recreation systems based on the transformational cycle that performs the role of the key mechanism in such transformations. The study allowed substantiating the conceptual foundation of a systemic study of the economy of resort and recreation establishments as a set of transformational cycle stages. Unlike any alternative approach, the proposed approach implies the possibility of considering the development of the resort and recreation system economy as an interaction of transformational processes. This served as a basis for construction of a model of the economic development of resort and recreation systems using the transformational cycle. Study of the model demonstrates varying economic trends that eventually result in substantial economic growth.

Authors and Affiliations

Pavel Zakharchenko, Dmitry Savushkin

Keywords

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  • EP ID EP132500
  • DOI -
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How To Cite

Pavel Zakharchenko, Dmitry Savushkin (2015). A Model of Development of the Resort and Recreation-Based Economy on the Basis of the Transformational Cycle. Проблеми економіки, 2015(1), 349-355. https://www.europub.co.uk/articles/-A-132500