Original scientific paper
https://doi.org/10.20867/thm.31.2.8
Tourism revenues and economic growth: a panel data analysis of Mediterranean coastal countries
Emre Tankuş
orcid.org/0000-0001-6011-5617
; PhD, Faculty of Tourism, Department of Tourism Management, Kastamonu University, Turkey
*
İlker Öztürk
; Asist. Prof. Dr. Cumhuriyet Social Sciences Vocational School, Department of Hotel, Restaurant and Catering Services, Sivas Cumhuriyet University, Turkey
Utku Altunöz
orcid.org/0000-0002-0232-3108
; Professor Sinop University Gerze Vocational School, Turkey
Selahattin Koç
; Professor Sivas Cumhuriyet University, Faculty of Economics and Administrative Sciences, Department of Business Administration, Turkey
Alptekin Sökmen
; Professor Ankara Hacı Bayram Velı ̇University, Faculty of Economic and Administrative Sciences, Department of Business Administration/Kastamonu University, Faculty of Tourism, Administration, Turkey
* Corresponding author.
Abstract
Purpose – This study examines the impact of tourism revenues on economic growth in
Mediterranean coastal countries from 2000 to 2022 using panel data methodology. By
encompassing various economic cycles and significant global events, this research provides a
comprehensive analysis of both short-term and long-term effects of tourism receipts on GDP.
Methodology – In the study, 10 countries in the Mediterranean (France, Italy, Spain, Türkiye,
Greece, Tunisia, Egypt, Morocco, Malta and Algeria) were selected by simple random sampling
method. Annual data covering the period 2000-2022 were used in the analyses and the panel ARDL
method was used to reveal the purpose of the study.
Findings – The panel ARDL method reveals that tourism revenues significantly boost economic
growth, emphasizing the tourism sector's critical role in fostering development. These findings
offer crucial insights for policymakers, stakeholders, and investors in the Mediterranean region's
economic dynamics.
Originality – The study contributes to the literature by utilizing recent data and multiple variables
to capture the nuanced relationship between tourism and growth.
Keywords
Tourism, Economic Growth, Panel Data Analysis, Mediterranean, ARDL
Hrčak ID:
332542
URI
Publication date:
29.4.2024.
Visits: 419 *