Journal of Current Research on Social Sciences (JoCReSS) - ISSN: 2547-9644

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Abstract


Factors Affecting International Tourism Revenues

The aim of this study is to examine the determinants of international tourism revenues using panel data analysis method (fixed effects, random effects models and GMM model). There are 16 countries selected with annual data for the period 2007-2018. In this study, international tourism revenues as a dependent variable; gross domestic product (GDP), gross capital formation (GCF), rule of law index and the number of international visitors are stated as independent variables. According to the results of the analysis, it is determined that there is a statistically significant and positive relationship between international tourism revenues and GDP, gross capital formation, the rule of law index, the number of international visitors.



Keywords
Tourism, International Tourism, The number of international visitors, GDP, Panel Data Analysis



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