The effect of Dutch disease in the tourism sector: the case of Mediterranean countries

Purpose – A flourishing tourism sector can produce the same increase in income as that from natural resource exports. Unlike the oil, gas, and mineral extraction industries, which cause depletion of natural resources, the tourism industry has the potential to become a renewable industry, if well managed. In this context, the aim of this study is to investigate the existence of the Dutch disease effect in Mediterranean countries with high tourism dependence. Design – The data set used in this study was from 1996-2015, and it was obtained from the 2017 World Development Indicator [WDI] database.... Mehr ...