Tourism And Immiserizing Growth
Journal Title: Journal of the Human and Social Science Researches - Year 2016, Vol 5, Issue 4
Abstract
Tourism has an favourable contribution in development of countries with the gain in foreign exchange earnings of the country, and thus plays an important role in the closure of the budget and current account deficits. With increased tourism activities in the region, the unemployment rate can be reduced by providing the opening up of new working areas. The tourism sector is one of the sectors with high forward and backward linkages. The expenditure incurred by the tourists are the source of income to the people who provide these goods and services. This mechanism is also contribute to the accumulation of capital and increase in prosperity. As a result of the deterioration in the terms of trade, the concept of immisering growth shows that the economic growth might lower the country's welfare than before. In this study, the effect of the share of tourism receipts in exports on economics growth is investigated by utilizing the panel data methods. Except the OECD countries, the decline in the tourism receipts in the share of exports positively affects the economic growth.
Authors and Affiliations
H. Önder SARIDOĞAN| Öğr. Gör., Bozok Üniversitesi Sorgun Meslek Yüksekokulu onder.saridogan@bozok.edu.tr, Dilek ÇETİN| Yrd.Doç. Dr., Kırıkkale Üniversitesi İktisadi ve İdari Bilimler Fakültesi dilekcetin@kku.edu.tr
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