The Determinants Of International Tourism Demad For Turkey: A Panel Data Approach
The purpose of this study is to investigate the determinants of the international tourism demand to Turkey. For this purpose, the tourism demand from selected 24 OECD countries to Turkey is estimated by using panel data approach for the period of 1990-2010 and 1990-2008. The tourist arrival from each selected OECD country is used for dependent variable, and income level and relative price level are used for the explanatory variables in order to explain the tourism demand. Moreover, the price variables of Greece, Spain and Portugal are added to measure the substitution effect. At the same time, dummy variable is used to investigate the effect of the Marmara earthquake for 1999. The empirical results show that income variable is a significant variable explaining international tourism demand to Turkey from OECD countries. Also, as the level of income increases, tourism demand increases. Relative price variable is negative even though it is expected positive. The substitution effect of Portugal is positive and high while the substitution effect of Greece is negative. At the same time the substitution effect of Spain is statistically insignificant.
Volume (Year): 13 (2013)
Issue (Month): 2 (June)
|Contact details of provider:|| Postal: Yunus Emre Kampusu 26470, Eskişehir|
Phone: (90) (222) 335-0580 x 2743
Fax: (90) (222) 320-1304
Web page: http://www.anadolu.edu.tr/akademik/birim/genelBilgi/205/3429/1
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:and:journl:v:13:y:2013:i:2:p:43-54. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Social Sciences Institute)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.