Economic Impacts of An Increase in the Foreign Tourism Receipts: A Sam-based Income Multiplier Analysis for Turkey


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GÜL H.

Advances in Hospitality and Tourism Research, vol.1, no.1, pp.17-36, 2013 (Peer-Reviewed Journal)

  • Publication Type: Article / Article
  • Volume: 1 Issue: 1
  • Publication Date: 2013
  • Journal Name: Advances in Hospitality and Tourism Research
  • Journal Indexes: Other Indexes
  • Page Numbers: pp.17-36
  • Akdeniz University Affiliated: Yes

Abstract

This   study   aims   at   analyzing   the   impacts   of   an   increase   in   inbound   tourism   receipts   in   Turkey.   To   carry   out   the   analyses   a   social   accounting   matrix   is   developed,  that  explicitly  included  tourism  as  an  aggregate  industry,  by  basing  on   input-­--output  and  tourism  satellite  account  tables.  Income  multipliers  derived  from   this   social   accounting   matrix   are   used   to   reveal   the   effects   on   inter-­--industry   relations,   factor   and  household  incomes.  Empirical   findings   suggest   that  demand   side  shocks  on  tourism  industry  might  be  used  to  boost  the  overall  economy  and  to   cope  with  unemployment  problem.  In  addition,  the  economic  potential  involved  in   tourism  industry  seems   to  be  promising  in   terms  of  reaching   the  intended   targets   declared  in  “Tourism  Strategy  of  Turkey-­--2023”.