Tourism and Economic Growth in Mediterranean Region: Dynamic Panel Data Approach

Abstract

The Mediterranean region is one of the leading tourism regions in the world accounting for one third of global tourism receipts and half of global tourism arrivals. This paper aims at providing evidence that tourism can be considered as determinant of economic growth in the Mediterranean region. The results support the postulates of tourism led growth hypothesis, thus giving to the policymakers endorses for improving the tourism competitiveness conditions that will boost the economic growth.

Examining the Causal Relationship between Tourism and Economic Growth: Spillover Index Approach for Selected CEE and SEE Countries

“…Using panel and individual time series data (FMOLS 10 and DOLS 11 methods of estimation, with error correction methodology) for the time span 1995-2013, the author finds tourism-led growth both in a panel approach, as well as for individual countries in the sample. This hypothesis was confirmed in Simnudić and Kuliš (2016) as well. In this study, authors focus on the Mediterranean region as well, for the period 2004-2014 (24 countries in total, including Croatia and Slovenia).…”

Political stability and tourism sector development in Mediterranean countries: a panel cointegration and causality analysis

“…Mediterranean region including exceptional historical, cultural, and natural places for various tourism types, one of the leading tourism centre with about one third of tourism revenues and half of the number of international tourists in the world (Šimundić and Kuliš, 2016), consists of the countries with different economic development levels, political stability, and openness. The Mediterranean countries experienced significant improvements and deteriorations at their political stability during the 2002-2015 period as seen in Table 1.…”

Turizm Gelirlerinin Milli Gelir Üzerindeki Etkisi: Akdeniz Havzası Ülkeleri İçin Bir Panel Veri Analizi

“…Bu nedenle turizmin ekonomik büyüme üzerindeki etkisi en çok araştırılan konuların başında gelmektedir. Literatür incelendiğinde turizm faaliyetlerinin ekonomik büyümeyi desteklediğini gösteren (Ghali, 1976;Balaguer ve Jorda, 2002;Bahar ve Bozkurt, 2010;Jin, 2011;Algan ve Gencer, 2015;Simundic ve Kulis, 2016;Sarıdoğan, 2019;Salawu, 2020) birçok çalışmaya rastlamak mümkündür. Ayrıca, Akdeniz havzası ülkelerinden olan Türkiye'nin turizm gelirleri ve ekonomik büyümesi arasındaki ilişki (Özcan, 2015; Şahin, 2018) ve Afrika ülkelerinin turizm gelirleri ile ekonomik büyümesi arasındaki ilişkiyi inceleyen birçok çalışma literatürde yer almaktadır (Fayissa vd., 2007;Salawu, 2020;Kumar vd., 2021).…”

“…Simundic ve Kulis (2016), 2004-2014 yılları arasında yirmi dört Akdeniz ülkesi için yaptığı analizde, turizm talebi ve ekonomik büyüme ilişkisini ele almıştır. Araştırma sonucuna göre, değişkenler arasındaki ilişki pozitif ve anlamlı bulunmuştur.…”