The Effects of International Tourism Receipts on Economic Growth: Evidence from the First 20 Highest Income Earning Countries from Tourism in the World (1996-2016)

Yalçınkaya, Ömer; Daştan, Muhammet; Karabulut, Kerem

doi:10.14254/1800-5845/2018.14-3.4

Cited by 15 publications

(13 citation statements)

References 35 publications

(36 reference statements)

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“…Tourism potential in regencies and city of the Special Region of Yogyakata (DIY) is huge because it is supported by many tourism attractions, such as an interesting natural conditions which is spread in all corners of the Special Region of Yogyakata with exotic beaches, beautiful mountains, plant diversity, then there are unique tourism events with a distinctive local touch, specific local culinary, the existence of a classy international airport with its best facilities, a quality complete banking and hotel services, an easy and affordable access for tourist to go tourism locations and many more. This finding is in line with the results of study by Yalçinkaya et al (2018) about the effects of tourism on economic growth in the top 20 countries earning most from international tourism in the world (WTR-20 group) during the period 1996-2016. The research model uses an extended form of Cobb-Douglas type of production function hypothesis with analysis of panel data estimation.…”

Section: Number Of Tourists (Tour)supporting

confidence: 90%

Economic and Tourism Factors Affecting the Real Gross Regional Domestic Product: A Case Study

Feriyanto¹

2020

ERSJ

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Purpose: This study aims to investigate the relationship between Foreign Direct Investment (FDI), Domestic Investment (DI), Employment (EMP), and Number of Tourists to real Gross Regional Domestic Product (real GRDP) of the Special Region of Yogyakarta or Daerah Istimewa Yogyakarta (DIY). Design/methodology/approach: This research uses panel data modeling for the period of 2007-2019. Findings: The results show that partially DI and the number of tourists have significant positive effects on real GRDP in the region. On the other hand, EMP has significant and negative effect on real GRDP while FDI has not significant effect on real GRDP. Practical implications: Policy recommendation for government as an implication of this study to improve real GRDP of the Special Region of Yogyakarta is (a) improving the quality of education and skill of labor; (b) improving domestic investment incentive policies for local investors; (c) improving the investment climate to encourage the entry of right FDI on productive economic sectors; and (d) increasing the number of tourists arrivals in DIY through promotion and improving services in all sectors for tourists. Originality/value: Domestic Investment and number of tourists have an important role in pushing for the improvement on the real Gross Regional Domestic Product of the Special Region of Yogyakarta. Synergizing economic factors and tourism in deciding for policies can accelerate economic growth.

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Section: Number Of Tourists (Tour)supporting

confidence: 90%

Economic and Tourism Factors Affecting the Real Gross Regional Domestic Product: A Case Study

Feriyanto¹

2020

ERSJ

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“…These natural conditions predetermine high natural potential for the regional development. The tourism is one of the most dynamically developing sectors with an increasing potential year by year (Yalçinkaya, Daştan & Karabulut, 2018). This background has developed our interest to explore the current trends in rural and agrotourism management.…”

Section: Introductionmentioning

confidence: 99%

Small Businesses in Rural Tourism and Agrotourism: Study from Slovakia

Mura

Ključnikov²

2018

Economics &Amp; Sociology

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Microbusinesses and small enterprises are the dominant representatives of business in the rural environment, and also active players contributing to regional development. Rural areas of Slovakia are still considered to be underused. Exploiting the potential of rural regions is the key to the recovery of rural businesses. Development of rural areas depends on the economic activity taking place in different regions. One of the possibilities for regional development is to promote specific fields of tourism, e.g., rural tourism and agrotourism. This article focuses on the evaluation of entrepreneurial activities in rural tourism based on the empirical research conducted in different regions of Slovakia. The survey sample included 142 business entities. The research was conducted between 2012 and 2016. We have applied quantitative analysis based on questionnaire survey and the Friedman test. Our research shows that benefits generated by rural tourism and agrotourism provide a positive impact on the success of businesses and help in diversification of business risks.

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“…Several studies on the relationship between tourism and economic growth have found the possibility of tourism leading to the expansion of the economy especially in the developed and emerging economies as well as in many African countries (Ovat, 2002;Lee and Chang, 2008;Cortés-Jiménez et al 2009;Ivanov and Webster, 2011;Mahmoudinia et al 2011;Zibanai, 2018;Yalcinkaya et al 2018;Azeez, 2019;Usma et al 2019). Lee and Chang (2008) examined the causal relationships between tourism development and economic growth for 23 OECD and 32 non-OECD countries for the periods between 1990 and 2002 using heterogeneous panel cointegration technique to establish the long-run comovements and causal relationships.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The effect of tourism receipts on economic growth of the first 20 highest income earning countries across the world was investigated by Yalcinkaya et al (2018). The study which covered the period of twenty years from 1996 to 2016 employed panel data analysis.…”

Section: Studies From Other Economiesmentioning

confidence: 99%

“…Essentially, studies that utilized a range of much older statistical data tend to establish positive relationship between tourism and economic growth in the country (Matthew et al 2018;Omodero, 2019). Whereas, recent studies in other countries and continents tend to focus on more recent data ranging within 10-25 years for more realistic results (Ivanov and Webster, 2013;Shakouri et al 2017;Yalcinkaya et al 2018). Some other studies conducted by foreign researchers on African countries including Nigeria, suffered the lack of complete data (Bezuidenhout and Grater, 2016).…”

Section: Introductionmentioning

confidence: 99%

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Tourism and Economic Growth in African Largest Economy

Salawu¹

2020

EJEF

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The study examines the nexus between tourism and economic growth in Nigeria from 1995-2017. Data were sourced from World Development Indicator and World Tourism Council data base online. Autoregressive distributed lag model (ARDL) was used in analyzing the data. The result of the Bounds test shows that the value of the Fstatistics is greater than the value of the upper bound of the Pesaran, Chin and Smith statistics table at 1% level of significance, which showed that there is a long run relationship among economic growth (GRGDP), growth in the receipt from tourism (GRTR) and exchange rate (EXR). The long run result stipulates that there is no significant relationship between GRTR and GRGDP on one hand and LEXR and GRGDP on the other hand. In the short run, tourism had negative impact on Nigeria's economic growth. The estimate indicates substantial role for time, previous state of the economy and tourism growth. While this result seems a contrast to theory, there may have been many factors connected to tourism development and practices which are anti-growth in the case of Nigeria. Furthermore, a percentage change in exchange rate reveals an ignorable though negative relationship with GRGDP. This may be due to uncertainty which surrounds exchange rate in a flexible regime. The study recommends that the government should invest in infrastructural facilities and tourist centers in order to boost economy of the country. Budgetary allocation can be channeled to tourism industry. Tax incentives to tourism firms should be encouraged.

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The Effects of International Tourism Receipts on Economic Growth: Evidence from the First 20 Highest Income Earning Countries from Tourism in the World (1996-2016)

Cited by 15 publications

References 35 publications

Economic and Tourism Factors Affecting the Real Gross Regional Domestic Product: A Case Study

Economic and Tourism Factors Affecting the Real Gross Regional Domestic Product: A Case Study

Small Businesses in Rural Tourism and Agrotourism: Study from Slovakia

Tourism and Economic Growth in African Largest Economy

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