Tourism Market Diversification Index is converted version of “Tourism Market Concentration Index”. We use “1/Tourism Market Concentration Index” by following Can et al.(2021) and Gözgör and Can (2017). Higher values indicate higher market diversification.

Please check for more detail in our website: Tourism Market Concentration Index.

Reference:

Can, M., Ahmad, M. & Khan, Z. The impact of export composition on environment and energy demand: evidence from newly industrialized countries. Environ Sci Pollut Res 28, 33599–33612 (2021). https://doi.org/10.1007/s11356-021-13084-5

Gözgör, G. and Can, M. (2017), Causal Linkages among the Product Diversification of Exports, Economic Globalization and Economic Growth. Rev Dev Econ, 21: 888-908. https://doi.org/10.1111/rode.12301