METHODS FOR OPTIMIZING PROPERTY RELATIONS AS A KEY ASPECT OF STIMULATING THE DEVELOPMENT OF THE TOURISM INDUSTRY

The optimization of property relations is a crucial factor in promoting economic growth and advancing tourism development. This study explores the impact of different property ownership structures on key economic indicators, focusing on the relationship between public sector ownership, GDP per capita, and the Travel & Tourism Development Index. Data from OECD countries, the World Bank, the World Economic Forum, and the Statistical Agency of Uzbekistan is evaluated using a mix of theoretical analysis, empirical research and statistical modeling. Regression models, including log -log and semi-log approaches, are applied to measure the elasticity coefficients between variables. The results show a negative correlation between public sector ownership and both GDP per capita and tourism development, suggesting that excessive government control over property relations leads to economic inefficiencies. Additionally, the study reveals that a high share of public sector employment limits tourism growth and slows overall economic expansion, whereas private investment, foreign trade, and government efficiency play a significant role in ensuring economic stability. The research critically evaluates Karl Marx’s idea of abolishing private property, demonstrating that in practice, such an approach has historically resulted in economic stagnation rather than progress. The study underlines the need for a well-balanced property ownership structure and supports the best mix of public and private sector involvement. Securing property rights, encouraging private sector involvement, and enacting investment-friendly policies will help nations improve their tourism industry and increase long-term economic resilience. These findings contribute to the broader discourse on economic governance, illustrating how efficient property management can serve as a driver for economic and tourism sector growth. The study provides practical insights for policymakers, emphasizing the need for well-structured property relations to ensure economic stability, improve competitiveness, and create a sustainable environment for tourism development.

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