Impact of Covid-19 on Tourism: Evidence from SAM Assessments of Hungary and Turkey

Denes Perlaky

Article Details

Impact of Covid-19 on Tourism: Evidence from SAM Assessments of Hungary and Turkey

Authors:

Denes Perlaky

Publisher:

Akdeniz University

Main Topics:

Tourism (Other)

Journal:

Advances in Hospitality and Tourism Research (AHTR) Vol.11 Issue 1, pp.146-170

Document Type:

Article

Publication Date:

1/2023

Document Language:

English

Document ID (Org No.):

2001284640

pISSN:

2147-9100

Keywords:

Abstract:

 Due to the Covid-19 pandemic, international mobility was largely restricted, which led to severe declines in tourism activities. This paper estimates the economic impacts of this decline in Turkey and Hungary, using social accounting matrix modeling. The authors constructed social accounting matrices separately and estimated the macroeconomic impact of the decline. The results reveal that the decline in international tourism revenues reduced GDP by 2.6 in Turkey and 5.9 in Hungary, with 0.9 and 2.0 loss of employment in Turkey and Hungary, respectively. These figures are much larger compared to the economic gains from the fiscal rescue packages.

 Due to the Covid-19 pandemic, international mobility was largely restricted, which led to severe declines in tourism activities. This paper estimates the economic impacts of this decline in Turkey and Hungary, using social accounting matrix modeling. The authors constructed social accounting matrices separately and estimated the macroeconomic impact of the decline. The results reveal that the decline in international tourism revenues reduced GDP by 2.6 in Turkey and 5.9 in Hungary, with 0.9 and 2.0 loss of employment in Turkey and Hungary, respectively. These figures are much larger compared to the economic gains from the fiscal rescue packages.

 Due to the Covid-19 pandemic, international mobility was largely restricted, which led to severe declines in tourism activities. This paper estimates the economic impacts of this decline in Turkey and Hungary, using social accounting matrix modeling. The authors constructed social accounting matrices separately and estimated the macroeconomic impact of the decline. The results reveal that the decline in international tourism revenues reduced GDP by 2.6 in Turkey and 5.9 in Hungary, with 0.9 and 2.0 loss of employment in Turkey and Hungary, respectively. These figures are much larger compared to the economic gains from the fiscal rescue packages.

 Due to the Covid-19 pandemic, international mobility was largely restricted, which led to severe declines in tourism activities. This paper estimates the economic impacts of this decline in Turkey and Hungary, using social accounting matrix modeling. The authors constructed social accounting matrices separately and estimated the macroeconomic impact of the decline. The results reveal that the decline in international tourism revenues reduced GDP by 2.6 in Turkey and 5.9 in Hungary, with 0.9 and 2.0 loss of employment in Turkey and Hungary, respectively. These figures are much larger compared to the economic gains from the fiscal rescue packages.

Article Details

Impact of Covid-19 on Tourism: Evidence from SAM Assessments of Hungary and Turkey

Authors:

Denes Perlaky

Publisher:

Akdeniz University

Main Topics:

Tourism (Other)

Journal:

Advances in Hospitality and Tourism Research (AHTR) Vol.11 Issue 1, pp.146-170

Document Type:

Article

Publication Date:

1/2023

Document Language:

English

Document ID (Org No.):

2001284640

pISSN:

2147-9100

COVID-19

Tourism

Turkey

Hungary

Social accounting matrix

Issues

Article Details

Impact of Covid-19 on Tourism: Evidence from SAM Assessments of Hungary and Turkey

Authors: Denes Perlaky

Publisher: Akdeniz University

Main Topics: Tourism (Other)

Journal: Advances in Hospitality and Tourism Research (AHTR) Vol.11 Issue 1, pp.146-170

Document Type: Article

Publication Date: 1/2023

Document Language: English

Document ID (Org No.): 2001284640

pISSN: 2147-9100

COVID-19

Tourism

Turkey

Hungary

Social accounting matrix

Issues

Authors:

Denes Perlaky

Publisher:

Akdeniz University

Main Topics:

Tourism (Other)

Journal:

Advances in Hospitality and Tourism Research (AHTR) Vol.11 Issue 1, pp.146-170

Document Type:

Article

Publication Date:

1/2023

Document Language:

English

Document ID (Org No.):

2001284640

pISSN:

2147-9100