ECONOMIC SIGNIFICANCE OF TOURISM IN THE ECONOMIC GROWTH OF TURKEY
ECONOMIC SIGNIFICANCE OF TOURISM IN THE ECONOMIC GROWTH OF TURKEY

Summary/Abstract: Tourism, since Second World War has shown significant progress and its contribution to economic development. It will be considered that tourism sector will be a major sector in the globalization of economic development process. In Turkey tourism sector has shown great progress since 1980. The contribution of foreign currency helped to reduce foreign debt and unemployment even if the country was having economic problems. In this study, firstly the significance of tourism and the contribution of this sector to economic development are studied. Secondly, an econometric model concerning the relationship between tourism and economic development are constructed. The accuracy of this model is tested by statistical method.

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