International Congress on Eurasian Economies
19-20 September 2023 – İzmir - TURKEY
Paper properties
Paper ID : 2799
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Dr. Mehmet Tevfik İzgi
Session : 6A Turizm Ekonomisi
The Vision of Growth with High Value-Added Products in the Tourism Sector of Turkey with the Approach of Comparative Advantage Theory
Mukayeseli Üstünlük Teorisi Yaklaşımı ile Türkiye Turizm Sektöründe Katma Değeri Yüksek Ürünler ile Büyüme Vizyonu
- Dr. Mehmet Tevfik İzgi (Istanbul University Cerrahpaşa, Türkiye)
Abstract
The foreign trade balance in the economy of Türkiye is negative. This negative situation in the current account balance and the loss of foreign currency are reduced by tourism income. The foreign trade deficit in the first quarter of 2023 is approximately 35 billion USD. In 2022, foreign trade deficit of approximately 110 billion USD and tourism income of 46 billion USD was realized. With all the constraints in the supply of tourism goods and services in our country, the aim of the simplex algorithm method is to present more tourism income, more profit margin and high value-added products to the tourism market. The data set is taken from TUIK producer price indices. Accommodation sector capacities are taken from the Ministry of Culture and Tourism's Facility Statistics data. The application of the optimum decision-making process in multivariate problems based on empirical findings and linear programming tools used in the article. Profit maximization in tourism goods and services is calculated with the simplex algorithm method. David Ricardo examined foreign trade in the Theory of Comparative Advantage, considering that foreign active tourism, touristic goods and services are sold to foreigners in the country, this economic theory can also be used for the tourism sector if an approach is made in this way. This study aims to contribute to a scientific growth vision approach with the increase in the sales volume of touristic goods and services with high added value in the tourism sector, which has an opportunity cost advantage.
JEL codes: F43, Z30, Z39
İzgi, Mehmet Tevfik (2023). "The Vision of Growth with High Value-Added Products in the Tourism Sector of Turkey with the Approach of Comparative Advantage Theory" in Proceedings of International Conference of Eurasian Economies 2023, pp.192-199, İzmir - TURKEY.
DOI: https://doi.org/10.36880/C15.02799
