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CGE Assessment of Tourism Policies in Turkey

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  • K.Ali Akkemik
  • Erisa Dautaj Şenerdem

Abstract

Turkey is among top ten countries in the world tourism market in terms of international tourist arrivals and international tourism revenues. Tourism sector has grown rapidly over the last three decades and emerged as an important foreign exchange earner. It is argued that tourism creates opportunities for employment and contributes to economic growth and international tourism revenues compensate part of the current account deficit, which has traditionally been a major source of structural problems in Turkey. Tourism policies, therefore, may have important implications at the macro level. Recently the government published a strategy paper for tourism titled "Tourism Strategy of Turkey - 2023". In this study, we critically analyze the tourism strategy of Turkey using a dynamic applied computable general equilibrium (CGE) model. The model is a multi-sector, multi-country CGE model based on the GTAP model. The model includes 14 sectors and 12 regions. The sectoral disaggregation of the model emphasizes tourism-related activities. We use the GTAP database and run policy simulations to assess alternative tourism strategies as well as the potential impacts of exogenous shocks. The results bear important policy implications for the economy. .

Suggested Citation

  • K.Ali Akkemik & Erisa Dautaj Şenerdem, 2014. "CGE Assessment of Tourism Policies in Turkey," ERSA conference papers ersa14p891, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa14p891
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    References listed on IDEAS

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    1. Tadayuki Hara, 2012. "Introduction to Tourism Satellite Accounts," Chapters, in: Murat Kasimoglu (ed.), Strategies for Tourism Industry - Micro and Macro Perspectives, IntechOpen.
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    3. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
    4. Akkemik, K. Ali, 2012. "Assessing the importance of international tourism for the Turkish economy: A social accounting matrix analysis," Tourism Management, Elsevier, vol. 33(4), pages 790-801.
    5. Bichaka Fayissa & Christian Nsiah & Badassa Tadasse, 2008. "Impact of Tourism on Economic Growth and Development in Africa," Tourism Economics, , vol. 14(4), pages 807-818, December.
    6. Lokman Gunduz & Abdulnasser Hatemi-J, 2005. "Is the tourism-led growth hypothesis valid for Turkey?," Applied Economics Letters, Taylor & Francis Journals, vol. 12(8), pages 499-504.
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    More about this item

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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