Аnalysis of relationship between tourism growth and income in Turkey

Abstract

Tourism has become more and more important sector with the returns it provides to countries. The fact that it provides high employment especially for developing countries, increases foreign exchange flow and plays a regulatory role in the balance of payments reveals the importance of the tourism sector. The tourism sector consists of accommodation enterprises, food and beverage enterprises, recreation enterprises and travel enterprises that produce, market and create added value for the most part. The development of the tourism sector also means the development of the other sector. The impact of tourism revenues on the process of economic growth is a decisive factor in shaping policies aimed at tourism development. Tourism sector; the share of national income, the current account of the impact on the balance of direct and indirect employment opportunities it provides, since it interacts with many sectors and is a very important sector for Turkey's economy due to its role in the promotion of the country. In this study, using annual data for the period 1980- 2016 Turkey's tourism revenues and economic growth have been studied with the help of the ARDL-test. According to the results of Turkey in tourism revenues and GDP has strong relationships in both long and short term.