Evaluation of Economic Efficiency of Tourism Sector in Mediterranean Countries
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Abstract
Countries in the Mediterranean basin have an important place in world tourism in terms of tourism destinations. The contribution of these countries, which are an important part of world tourism mobility, to the national economy in the context of tourism sector has been examined in many studies. However, there is no study about the economic activities of the countries in this basin. The main purpose of this study is to evaluate the economic activities of the tourism sector in the countries whose data can be accessed from international tourism destinations evaluated within the scope of the Mediterranean country. In the study, efficiency comparison was made by using four input and two output variables related to the economic efficiency of the tourism sector of the nineteen countries whose data are available. In this study, domestic tourism expenditures, leisure time expenditures, business travel expenditures and investments in travel and tourism industry were used as input variables. In order to ensure the homogeneity of the variables, the data of the countries for 2017 are taken from the Travel and Tourism Economic Impact (WTTC 2018) reports. Data Envelopment Analysis (DEA) was used to measure the economic efficiency of countries. DEA is a non-parametric linear programming method used to estimate efficiency and capacity utilization, effectively defining the production limit. According to the findings, the top five countries are Cyprus, Algeria, Libya, Italy and Albania, respectively.
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