USING MALMQUIST TOTAL FACTOR PRODUCTIVITY METHOD FOR TOURISM SECTOR OF MIKTA COUNTRIES

Abstract

Total Factor Productivity is defined as the ratio of the total output obtained as a result of a certain production activity to the production factors used in obtaining this output. MIKTA is a diverse and cross-regional grouping of powers that brings together Mexico, Indonesia, the Republic of Korea, Turkey, and Australia. MIKTA countries are significant economic powers, and all are members of the Group of Twenty. By the way, over the decades, tourism has experienced continued growth and deepening ‎diversification to become one of the fastest-growing economic sectors in the world. ‎Modern tourism is closely linked to development and encompasses a growing number ‎of new destinations. In this study, international tourism expenditures and international tourism arrivals are used as inputs, while the output is evaluated as international tourism receipts. The 2018-2019 period for MITKA countries is examined by Malmquist Total Factor Productivity Method, which shows the productivity of the tourism sector in these countries.