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Economic Significance Of Tourism In The Economic Growth Of Turkey

Author

Listed:
  • Levent Gokdemir
  • Kamil Durdu

    (Inonu University Faculty of Economics Malatya, Turkey)

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.

Suggested Citation

  • Levent Gokdemir & Kamil Durdu, 2007. "Economic Significance Of Tourism In The Economic Growth Of Turkey," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(7), pages 169-176, April.
    • Handle: RePEc:aio:rteyej:v:1:y:2007:i:7:p:169-176
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    Citations

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    Cited by:

    1. Gulsum Akarsu, 2023. "Interrelationships between Tourist Arrivals, Exchange Rate, Inflation, and Economic Growth: Empirical Evidence for Turkiye," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 9(1), pages 49-76, June.
    2. El in Aykac Alp & Elif Guneren Genc, 2015. "The Relation between Current Account Deficit and Tourism: The Case of Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 448-453.

    More about this item

    Keywords

    Tourism; Turkish Economy; Economic Growth; Regressions with ARIMA models.;
    All these keywords.

    JEL classification:

    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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