Journal

Volume 77, #1

       “Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.              
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.


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MEASUREMENT OF THE EFFICIENCY OF AZERBAIJAN REGION HOTEL ORGANIZATION: WINDOW ANALYSIS AND MALMQUIST INDEX

Fuad Selamzade


ABSTRACT:
In recent years, policies to develop tourism in the Republic of Azerbaijan have been followed, and governmental level programs have been implemented to increase competitive power in the tourism sector. The aim of study is to investigate the efficiency changes of hotels and hotel-type accommodation organizations of 9 regions of Republic of Azerbaijan with the data of 2006 to 2018 by using Window Analysis and Malmquist Total Factor Productivity Index methods. Efficiency change measurements made through Window Analysis method were made by using output oriented constant and variable return models. In this study, average annual number of employees, total number of rooms and total annual expenditures were used as input variable and number of people placed, number of overnight stays and total amount of annual income were used as output variable. According to the results of fixed and variable scale window analysis, Nakhchivan A.R. was the only efficient region in all of the years of 2012 2018. In addition, according to the results of both analyses, no region was efficient in 2010. When examining the averages of all periods, it was observed a 1,1% decline in the TFP. It could be said that this decline is due to the decrease in technical efficiency and technological change. It is seen in the strategic planning for the socio-economic development of the regions that there is a need to implement policies towards the development of tourism and increasing the efficiency of hotel organizations.

Keywords: Tourism, Hotel Enterprises, Data Envelopment Analysis, Window Analysis, Malmquist Index

JEL classification: L83, Z32, D61
 



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