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Relations Between International Tourism Demand And Economic Growth In Turkey: 1995-2017 Period

Author

Listed:
  • Mustafa Kırca

    (DuZCE UNIVERSITESI, AKÇAKOCA BEY SİYASAL BİLGİLER FAKuLTESİ, İKTİSAT BÖLuMu, İKTİSAT PR.)

  • Şerif Canbay

    (DuZCE UNIVERSITESI, AKÇAKOCA BEY SİYASAL BİLGİLER FAKuLTESİ, İKTİSAT BÖLuMu, İKTİSAT PR.)

  • Kaan Turkay

    (DuZCE UNIVERSITESI, AKÇAKOCA MESLEK YuKSEKOKULU)

  • Ercan Yelman

    (DuZCE UNIVERSITESI, AKÇAKOCA MESLEK YuKSEKOKULU)

  • Kerem Pirali

    (DuZCE UNIVERSITESI, AKÇAKOCA BEY SİYASAL BİLGİLER FAKuLTESİ, İKTİSAT BÖLuMu, İKTİSAT PR.)

Abstract

The tourism-led growth hypothesis has been researched for Turkey and many other countries for many years. The aim of this study is to analyze the relations between international tourism demand and economic growth in Turkey between 1995 and 2017. The relationships between variables were analyzed using Johansen cointegration and Granger causality tests. According to the results of Johansen cointegration test, there was no significant long-term relationship between the variables. According to Granger causality test results, there is a one-way causality relationship from international tourism demand to economic growth in the short term. In the effect-response functions analysis, it was found that international tourism demand had a positive effect on economic growth. In the analysis of effect -response functions, it was determined that the demand for international tourism had a positive effect on economic growth.

Suggested Citation

  • Mustafa Kırca & Şerif Canbay & Kaan Turkay & Ercan Yelman & Kerem Pirali, 2019. "Relations Between International Tourism Demand And Economic Growth In Turkey: 1995-2017 Period," Ekonomi Maliye Isletme Dergisi, Adil AKINCI, vol. 2(2), pages 48-68, December.
    • Handle: RePEc:gnx:emid43:2019-2-2-664597
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    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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