IDEAS home Printed from https://ideas.repec.org/a/ntu/ntcmss/vol3-iss1-15-089.html
   My bibliography  Save this article

The relationship between tourism and economic growth in greece economy: a time series analysis

Author

Listed:
  • Turgut Bayramoğlu

    () (Assistant Professor Doctor Bayburt University, Economics Department)

  • Yılmaz Onur Arı

    () (Research Assistant Bayburt University, Economics Department)

Abstract

In this study it’s analyzed how and in what way the expenditures of foreign visitors who came to Greece between 1980 and 2013 affected economic growth for Greece. For this purpose Granger Causality Test was used, the results of unit root tests such as Augmented Dickey Fuller (ADF) and the Philips Perron (PP) were tested and because it’s a time series analysis, unit root and co - integraion tests were applied. At this point lag coefficient was obtained using by Akaike Information Criteria (AIC). Using five different criteria, it was confirmed that the best suited lag period is 2. GDP and tourism data were obtained from the World Bank Statistical Data. The result showed that there was a strong unidirectional causality from the expenditures of foreign tourists who visited Greece to the growth of Greece at 1 % level of significance.

Suggested Citation

  • Turgut Bayramoğlu & Yılmaz Onur Arı, 2015. "The relationship between tourism and economic growth in greece economy: a time series analysis," Computational Methods in Social Sciences (CMSS), "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences, vol. 3(1), pages 89-93, June.
  • Handle: RePEc:ntu:ntcmss:vol3-iss1-15-089
    as

    Download full text from publisher

    File URL: http://cmss.univnt.ro/wp-content/uploads/vol/split/vol_III_issue_1/CMSS_vol_III_issue_1_art.009.pdf
    File Function: First version, 2015
    Download Restriction: no

    References listed on IDEAS

    as
    1. Vanegas, Manuel, Sr. & Croes, Robertico, 2007. "Tourism, Economic Expansion and Poverty in Nicaragua: Investigating Cointegration and Causal Relations," Staff Papers 7306, University of Minnesota, Department of Applied Economics.
    2. repec:eee:touman:v:32:y:2011:i:4:p:922-933 is not listed on IDEAS
    3. Holzner, Mario, 2011. "Tourism and economic development: The beach disease?," Tourism Management, Elsevier, vol. 32(4), pages 922-933.
    4. Chou, Ming Che, 2013. "Does tourism development promote economic growth in transition countries? A panel data analysis," Economic Modelling, Elsevier, vol. 33(C), pages 226-232.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    -;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ntu:ntcmss:vol3-iss1-15-089. 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: (Stefan Ciucu). General contact details of provider: http://edirc.repec.org/data/feuntro.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.