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Terrorism And Tourism: The Case Of Turkey

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  • Mehmet Yaya

Abstract

Using a time series method called 'transfer function', this paper examines the effect of terrorism on tourism in Turkey. The results indicate that there exists a negative but small impact of terrorism, which is observed within approximately one year. However, terrorist attacks in Turkey have accounted for a reduction of six million foreign tourists over the last nine years. Moreover, the economic cost of terrorism in the tourism industry was more than $700 million in 2006. However, terrorist attacks in continental Europe and America, and an active war involving a neighboring country, had no effects on tourism in Turkey.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/10242690903105414
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Defence and Peace Economics.

Volume (Year): 20 (2009)
Issue (Month): 6 ()
Pages: 477-497

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Handle: RePEc:taf:defpea:v:20:y:2009:i:6:p:477-497

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Related research

Keywords: Transfer function; Turkey; Terrorism; Tourism; Economic impact; 9/11; Second Persian Gulf War;

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Cited by:
  1. Firat Bilgel & Burhan Can Karahasan, 2013. "“The Economic Costs of Separatist Terrorism in Turkey”," AQR Working Papers 201314, University of Barcelona, Regional Quantitative Analysis Group, revised Nov 2013.
  2. Iatridis, George, 2012. "Terrorist attacks and company financial numbers: Evidence on earnings management and value relevance from Madrid, London and Istanbul," Research in International Business and Finance, Elsevier, vol. 26(2), pages 204-220.
  3. Haider, Murtaza & Anwar, Amar, 2014. "Impact of terrorism on FDI flows to Pakistan," MPRA Paper 57165, University Library of Munich, Germany.

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