ECONOMIC SIGNIFICANCE OF TOURISM IN THE ECONOMIC GROWTH OF TURKEY

Levent Gokdemir and Kamil Durdu
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Kamil Durdu: Inonu University Faculty of Economics Malatya, Turkey

Revista Tinerilor Economisti (The Young Economists Journal), 2007, vol. 1, issue 7, 169-176

Abstract: Tourism, since Second World War has shown significant progress and its contribution to economic development. It will be considered that tourism sector will be a major sector in the globalization of economic development process. In Turkey tourism sector has shown great progress since 1980. The contribution of foreign currency helped to reduce foreign debt and unemployment even if the country was having economic problems. In this study, firstly the significance of tourism and the contribution of this sector to economic development are studied. Secondly, an econometric model concerning the relationship between tourism and economic development are constructed. The accuracy of this model is tested by statistical method.

Keywords: Tourism; Turkish Economy; Economic Growth; Regressions with ARIMA models. (search for similar items in EconPapers)
JEL-codes: G14 M30 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2007:i:7:p:169-176

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