The Impact of Tourism Revenues on Economic Growth: Panel Data Analysis for MINT Countries
Chapter from the book:
Ertürkmen,
G.
(ed.)
2024.
Academic Analysis in Macroeconomics.
Synopsis
The tourism sector, which holds a significant place in achieving sustainable economic growth and development globally, is crucial for countries to realize objectives such as job creation, generating tax revenues, and reducing trade deficits. Tourism revenues can positively influence a country's economic growth through various channels. Therefore, the tourism sector is receiving increasing attention worldwide, with diverse policies and strategies implemented in this regard. In the literature, the relationship between tourism and growth is referred to as tourism-led growth.
This study aims to analyze the impact of tourism revenues on economic growth in MINT (Mexico, Indonesia, Nigeria, Turkey) countries using panel regression analysis for the period 2005–2020. The findings indicate that the impact of tourism revenues on economic growth is statistically significant. In other words, a 1% increase in tourism revenues leads to a 0.2211% increase in economic growth.
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Copyright (c) 2024 Gülferah Ertürkmen; Gülferah Ertürkmen, Zülküf Aydemir, Aslı Özen Atabey, Serhat Alpağut, Tuğba Konuk, Ayşe Eryer, İbrahim Aytekin, Mustafa Karakuş, Mert Anıl Atamer, Zekiye Örtlek, Mücahit Ülger, Mehmet Uçar, Ömer Tanju Durusoy, Seher Suluk, Ayşe Nur Şahinler, Erhan Uluceviz