Effect of Maritime Tourism on the World Female Unemployment Rate: A Study on the Cruise Sector

Abstract

Female labor force participation and reducing female unemployment are important factors that increase global production and income, thus contributing to growth and welfare. Especially in developing countries, cruise tourism, which is a sub-branch of maritime tourism, contributes to female employment by creating job opportunities for women. In this study, the cointegration and causality relationship between the number of cruise tourists in the worldwide and the world female unemployment rate in 1991-2019 was analysed. According to the results of the analysis, it was revealed that there is a long-term equilibrium relationship between the two series and that a % 1 increase in the number of world cruise tourists in the long term reduces the world female unemployment rate by 0,03531. All kinds of developments and investments in the cruise sector will increase employment opportunities in this field, and therefore will be effective in reducing the world female unemployment rate.