Eurasian Economists Association

International Conference on Eurasian Economies

17-18 September 2013 – St. Petersburg, RUSSIA

Paper detail

Paper ID : 694
Status : Paper published
Language : English
Topic : Sectoral Analyses
Presenter: Asst. Prof. Dr. Levent Şahin
Session : 3A Tourism

Effects of Russia’s Economic Growth on Turkey’s Tourism Sector

Abstract

The aim of this study is to analyse whether there is a relation between economic growth in Russia and Turkey’s tourism sector or not. Data (GDP in Russia and Russian tourists who prefer Turkey as tourist destination) cover the period 2001-2011. According to results of regression analysis, there is no effect of GDP increase in Russia on number of Russian tourists visiting Turkey. It can be said that most of the Russian tourists visiting Turkey have medium income level. They prefer Turkey due to cheap holiday opportunity (everything inclusive system), closer to Russia and qualitative service. Russian tourists having high income level travel to Far East Countries for holiday.

JEL codes: B22, P25

Şahin, Levent, Akça, Hasan (2013). "Effects of Russia’s Economic Growth on Turkey’s Tourism Sector" in Proceedings of International Conference of Eurasian Economies 2013, pp.75-78, St. Petersburg, RUSSIA.

DOI: https://doi.org/10.36880/C04.00694

Full paper in PDF format.

Session 3A: Tourism

Beykent University Turkish Central Bank TIKA