{"id":6009,"date":"2026-08-30T14:15:07","date_gmt":"2026-08-30T14:15:07","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=6009"},"modified":"2026-09-16T14:17:16","modified_gmt":"2026-09-16T14:17:16","slug":"the-multiplier-effect-of-tourism-revenues-on-the-regional-economy","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=6009","title":{"rendered":"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY"},"content":{"rendered":"<p><strong><em>Abdurakhmonov Shohrukh Sherzod o\u2018g\u2018li<\/em><\/strong><em><br \/>\nAlfraganus University<br \/>\n3rd-year student, World Economy and International Economic Relations<\/em><\/p>\n<p><em>ORCID:<\/em><em>0009-0006-1735-4536<\/em><\/p>\n<p><strong><em>Khalmatjanov Farhod Makhamatjanovich<\/em><\/strong><em><br \/>\nAlfraganus University<br \/>\nSenior Lecturer, Faculty of Economics<\/em><\/p>\n<p><em>ORCID:<\/em><em>0000-0003-2301-781\u0425<\/em><\/p>\n<p><strong><em>Abstract<\/em><\/strong><strong><em>:<\/em><\/strong> <em>This article examines the multiplier effect of tourism revenues on regional economic development. It focuses on the mechanisms through which tourist expenditures generate additional economic activity across a wide range of sectors, including accommodation, food services, transportation, retail, agriculture, handicrafts, and other related services. The study emphasizes that the economic contribution of tourism extends beyond the direct revenues of tourism enterprises, as visitor spending creates additional demand, stimulates local production, supports entrepreneurial activity, and contributes to employment generation. Particular attention is paid to the factors influencing the tourism multiplier, including the level of local production, the quality of regional infrastructure, consumption patterns, and the proportion of tourism-related expenditures retained within the region. The analysis demonstrates that strengthening local supply chains and increasing the participation of small businesses in the tourism value chain can significantly enhance the economic benefits generated by tourism. The article proposes several measures aimed at improving the efficiency of regional tourism development and increasing its contribution to sustainable socio-economic growth.<\/em><\/p>\n<p><strong><em>Keywords:<\/em><\/strong> <em>tourism, regional economy, tourism revenues, multiplier effect, regional development, tourist expenditure, employment, entrepreneurship, service sector, tourism infrastructure.<\/em><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Abdurakhmonov Shohrukh Sherzod o\u2018g\u2018li Alfraganus University 3rd-year student, World Economy and International Economic Relations ORCID:0009-0006-1735-4536 Khalmatjanov Farhod Makhamatjanovich Alfraganus University Senior Lecturer, Faculty of Economics ORCID:0000-0003-2301-781\u0425 Abstract: This article examines the multiplier effect of tourism revenues on regional economic development. <a href=\"https:\/\/interfinance.tsue.uz\/?p=6009\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77],"tags":[],"class_list":["post-6009","post","type-post","status-publish","format-standard","hentry","category-2026-4-issue-1-6"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY - Journal of International Finance and Accounting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/interfinance.tsue.uz\/?p=6009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY - Journal of International Finance and Accounting\" \/>\n<meta property=\"og:description\" content=\"Abdurakhmonov Shohrukh Sherzod o\u2018g\u2018li Alfraganus University 3rd-year student, World Economy and International Economic Relations ORCID:0009-0006-1735-4536 Khalmatjanov Farhod Makhamatjanovich Alfraganus University Senior Lecturer, Faculty of Economics ORCID:0000-0003-2301-781\u0425 Abstract: This article examines the multiplier effect of tourism revenues on regional economic development. Read More ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/interfinance.tsue.uz\/?p=6009\" \/>\n<meta property=\"og:site_name\" content=\"Journal of International Finance and Accounting\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-30T14:15:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-16T14:17:16+00:00\" \/>\n<meta name=\"author\" content=\"jurnal-admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jurnal-admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009\"},\"author\":{\"name\":\"jurnal-admin\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#\\\/schema\\\/person\\\/4a9988bcb6588f9a14bc8bf9802ad53a\"},\"headline\":\"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY\",\"datePublished\":\"2026-08-30T14:15:07+00:00\",\"dateModified\":\"2026-09-16T14:17:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009\"},\"wordCount\":250,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#organization\"},\"articleSection\":[\"2026-4-issue-1-6\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009\",\"url\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009\",\"name\":\"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY - Journal of International Finance and Accounting\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#website\"},\"datePublished\":\"2026-08-30T14:15:07+00:00\",\"dateModified\":\"2026-09-16T14:17:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?p=6009#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/interfinance.tsue.uz\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#website\",\"url\":\"https:\\\/\\\/interfinance.tsue.uz\\\/\",\"name\":\"Journal of International Finance and Accounting\",\"description\":\"Tashkent State University of Economics\",\"publisher\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#organization\",\"name\":\"Journal of International Finance and Accounting\",\"url\":\"https:\\\/\\\/interfinance.tsue.uz\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/interfinance.tsue.uz\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/cropped-cropped-cropped-photo_2022-12-03_10-29-33-removebg-preview-e1670048062649.png\",\"contentUrl\":\"https:\\\/\\\/interfinance.tsue.uz\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/cropped-cropped-cropped-photo_2022-12-03_10-29-33-removebg-preview-e1670048062649.png\",\"width\":90,\"height\":90,\"caption\":\"Journal of International Finance and Accounting\"},\"image\":{\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/interfinance.tsue.uz\\\/#\\\/schema\\\/person\\\/4a9988bcb6588f9a14bc8bf9802ad53a\",\"name\":\"jurnal-admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b71c6402c74a04f56841f06d0b413c68efbbcbc10d903ef02a5db2c123944a4?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b71c6402c74a04f56841f06d0b413c68efbbcbc10d903ef02a5db2c123944a4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b71c6402c74a04f56841f06d0b413c68efbbcbc10d903ef02a5db2c123944a4?s=96&d=mm&r=g\",\"caption\":\"jurnal-admin\"},\"sameAs\":[\"http:\\\/\\\/interfinance.tsue.uz\"],\"url\":\"https:\\\/\\\/interfinance.tsue.uz\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY - Journal of International Finance and Accounting","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/interfinance.tsue.uz\/?p=6009","og_locale":"en_US","og_type":"article","og_title":"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY - Journal of International Finance and Accounting","og_description":"Abdurakhmonov Shohrukh Sherzod o\u2018g\u2018li Alfraganus University 3rd-year student, World Economy and International Economic Relations ORCID:0009-0006-1735-4536 Khalmatjanov Farhod Makhamatjanovich Alfraganus University Senior Lecturer, Faculty of Economics ORCID:0000-0003-2301-781\u0425 Abstract: This article examines the multiplier effect of tourism revenues on regional economic development. Read More ...","og_url":"https:\/\/interfinance.tsue.uz\/?p=6009","og_site_name":"Journal of International Finance and Accounting","article_published_time":"2026-08-30T14:15:07+00:00","article_modified_time":"2026-09-16T14:17:16+00:00","author":"jurnal-admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"jurnal-admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/interfinance.tsue.uz\/?p=6009#article","isPartOf":{"@id":"https:\/\/interfinance.tsue.uz\/?p=6009"},"author":{"name":"jurnal-admin","@id":"https:\/\/interfinance.tsue.uz\/#\/schema\/person\/4a9988bcb6588f9a14bc8bf9802ad53a"},"headline":"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY","datePublished":"2026-08-30T14:15:07+00:00","dateModified":"2026-09-16T14:17:16+00:00","mainEntityOfPage":{"@id":"https:\/\/interfinance.tsue.uz\/?p=6009"},"wordCount":250,"commentCount":0,"publisher":{"@id":"https:\/\/interfinance.tsue.uz\/#organization"},"articleSection":["2026-4-issue-1-6"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/interfinance.tsue.uz\/?p=6009#respond"]}]},{"@type":"WebPage","@id":"https:\/\/interfinance.tsue.uz\/?p=6009","url":"https:\/\/interfinance.tsue.uz\/?p=6009","name":"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY - Journal of International Finance and Accounting","isPartOf":{"@id":"https:\/\/interfinance.tsue.uz\/#website"},"datePublished":"2026-08-30T14:15:07+00:00","dateModified":"2026-09-16T14:17:16+00:00","breadcrumb":{"@id":"https:\/\/interfinance.tsue.uz\/?p=6009#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/interfinance.tsue.uz\/?p=6009"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/interfinance.tsue.uz\/?p=6009#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/interfinance.tsue.uz\/"},{"@type":"ListItem","position":2,"name":"THE MULTIPLIER EFFECT OF TOURISM REVENUES ON THE REGIONAL ECONOMY"}]},{"@type":"WebSite","@id":"https:\/\/interfinance.tsue.uz\/#website","url":"https:\/\/interfinance.tsue.uz\/","name":"Journal of International Finance and Accounting","description":"Tashkent State University of Economics","publisher":{"@id":"https:\/\/interfinance.tsue.uz\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/interfinance.tsue.uz\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/interfinance.tsue.uz\/#organization","name":"Journal of International Finance and Accounting","url":"https:\/\/interfinance.tsue.uz\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/interfinance.tsue.uz\/#\/schema\/logo\/image\/","url":"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2022\/12\/cropped-cropped-cropped-photo_2022-12-03_10-29-33-removebg-preview-e1670048062649.png","contentUrl":"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2022\/12\/cropped-cropped-cropped-photo_2022-12-03_10-29-33-removebg-preview-e1670048062649.png","width":90,"height":90,"caption":"Journal of International Finance and Accounting"},"image":{"@id":"https:\/\/interfinance.tsue.uz\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/interfinance.tsue.uz\/#\/schema\/person\/4a9988bcb6588f9a14bc8bf9802ad53a","name":"jurnal-admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6b71c6402c74a04f56841f06d0b413c68efbbcbc10d903ef02a5db2c123944a4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6b71c6402c74a04f56841f06d0b413c68efbbcbc10d903ef02a5db2c123944a4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6b71c6402c74a04f56841f06d0b413c68efbbcbc10d903ef02a5db2c123944a4?s=96&d=mm&r=g","caption":"jurnal-admin"},"sameAs":["http:\/\/interfinance.tsue.uz"],"url":"https:\/\/interfinance.tsue.uz\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=\/wp\/v2\/posts\/6009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6009"}],"version-history":[{"count":1,"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=\/wp\/v2\/posts\/6009\/revisions"}],"predecessor-version":[{"id":6011,"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=\/wp\/v2\/posts\/6009\/revisions\/6011"}],"wp:attachment":[{"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/interfinance.tsue.uz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}