Potential Multiplier Effect of Tourism Sector in Northern Cyprus
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2016, Vol 6, Issue 4
Abstract
In recent years, tourism has proved to be one of the locomotive sectors in the economy of the Northern Cyprus (TRNC) and has sustained its trajectory, thereby contributing to economic growth. However, tourism statistics show that net tourism income and growth is extremely unstable and tourism revenue per capita is comparably lower compared to that of highly developed countries. Because of this the aim of this study is to determine the potential multiplier effect of tourism and compare it with real figures. In this respect, some factors identified have negative effects on the tourism sector, namely leakages that reduce the multiplier effect. Accordingly, these leakages are the size of the import-export ratio, an inefficient system of incentives, the characteristics of the services provided by the tourism sector, and the nationalities of employers and employees leading to an amplified transfer of tourism income abroad.
Authors and Affiliations
Okan Veli Safakli, Kaan Kutlay
Keywords
Related Articles
- EP ID EP154434
- DOI 10.6007/IJARAFMS/v6-i4/2293
- Views 88
- Downloads 0
Study of Organizational Environment, Incentives and Promotion and its Effect on Employee`s Motivation
Analysis of Final Consumption, Gross Investment, the Changes in Inventories and Net Exports Influence of GDP Evolution, by Multiple Regression
This paper presents a model that can be used for the analysis and forecast of Gross Domestic Product. The starting point of the research is the final output method used in GDP calculation. Based on this assumption, the c...
The Impact of Intellectual Capital on the Financial Performance of Listed Companies in Tehran Stock Exchange
In the age of knowledge-based economy, an organization uses two distinguished resources for value creation and profit making: material or tangible resources and intellectual or invisible resources. In fact, it is claimed...
Hedge Transactions on the Stock Exchange
Hedge operations are particular stock market operations through which stock market traders, producers, intermediaries intend to cover the unfavorable outcome of the goods price on the cash market (physical). Price hedgin...
Capital Adequacy, Cost Income Ratio and the Performance of Saudi Banks (2007-2011)