Evaluation of The Effects of Tourism Revenues on The Turkish Economy through Macroeconomic Varıables

Abstract

The importance of the tourism sector has started to increase since the second half of the twentieth century. The tourism sector, which has become a potential source of income for national economies, is seen as a tool of development by many countries. Since tourism is related to many sectors, it contributes to employment with the positive externalities it creates and plays an important role in closing foreign trade deficit, current account deficit and balance of payments deficits. In this study, it is aimed to evaluate the effects of tourism revenues on the Turkish economy in the 2001-2021 period with statistical data over macroeconomic variables. According to the evaluations made using the statistical data of the World Bank, Turkish Statistical Institute and the Central Bank of the Republic of Turkey, tourism revenues make significant contributions to increasing income and gross domestic product, closing foreign trade deficit, current account deficit and balance of payments deficits, reducing unemployment and increasing employment. It can be said that it has a positive effect on economic growth and development.