Türkı̇ye'de Turı̇zm Gelı̇rlerı̇, Ekonomı̇k Büyüme ve Dövı̇z Kuru Arasındakı̇ İlı̇şkı̇: Covid-19'un Gölgesı̇nde Ekonomı̇k Büyümeye Dayalı Turı̇zm Gelı̇rlerı̇
Year 2025,
Volume: 10 Issue: 3, 1441 - 1467
Barış Can Kızıl
,
Dilek Çetin
Abstract
Bu çalışmanın temel amacı Türkiye'de turizm gelirleri, ekonomik büyüme ve döviz kuru arasındaki eşbütünleşik ilişkiyi ampirik olarak test etmektir. Bu çalışmanın diğer çalışmalardan farkı Covid-19 dönemini analiz dönemine dahil ederek şok etkisini dikkate almasıdır. Çalışmamızda Peseran, Shin, Smith tarafından geliştirilen ARDL modeli 2003Q1-2024Q3 dönemi için zaman serisi verileri kullanılarak tahmin edilmiştir. Bağımlı değişken turizm gelirleri, bağımsız değişkenler ise gayri safi yurtiçi hasıla ve reel döviz kurudur. Ayrıca Covid-19 etkisini göstermek için bir kukla değişken kullanılmıştır. Uzun dönem katsayıları pozitif ve anlamlıdır. Covid-19 kukla değişkeninin uzun dönem katsayısı beklendiği gibi negatif ve anlamlıdır. Buna göre Covid-19 döneminde ekonomik büyüme ve döviz kurundaki %1'lik artış turizm gelirlerini sırasıyla %1,49 ve %1,25 oranında artırırken, Covid-19 kaynaklı şoklar turizm gelirlerini %1,41 oranında azaltmıştır. Buna göre, büyüme ve döviz kuru şoklarının %0,23'ü aynı dönem içerisinde bertaraf edilebilmektedir. Son olarak, ampirik bulgular ekonomik büyümeye dayalı turizm hipotezinin Türkiye için geçerli olduğunu göstermektedir.
Ethical Statement
Çalışmanın tüm süreçlerinin araştırma ve yayın etiğine uygun olduğunu, etik kurallara ve bilimsel atıf gösterme ilkelerine uyduğumu beyan ederim.
Supporting Institution
Makale çalışması kapsamında herhangi bir kurum tarafından destek alınmamıştır.
Thanks
Çalışmam boyunca değerli katkılarını benden esirgemeyen sayın hocama teşekkürlerimi bir borç bilirim.
References
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Aleaddinoğlu, F., & Rol, S. (2020). Covid-19 pandemic and its effects on tourism. Van Yüzüncü Yıl University Journal of Institute of Social Sciences, Special Issue on Epidemic Diseases, 233–258.
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Arıca, F., & Kaya, B. (2022). Covid-19 pandemic and its impact on the Turkish tourism sector. Political Economic Theory, 6(1), 102–118.
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Arslantürk, Y., Balcılar, M., & Özdemir, Z. A. (2011). Time-varying linkages between tourism receipts and economic growth in a small open economy. Economic Modelling, 28(1–2), 664–671.
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Aslan, A. (2008). Econometric analysis on the relationship between economic growth and tourism in Türkiye. Erciyes University Journal of Institute of Social Sciences, 1(24), 1–10.
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Aslantürk, Y., & Atan, S. (2012). Dynamic relation between economic growth, foreign exchange and tourism incomes: An econometric perspective on Türkiye. Journal of Business Economics & Finance, 1(1), 30–37.
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Ayas, İ., & Çallı, D. S. (2022). An econometric approach to the relationship between tourism revenues and economic growth with ARDL bounds test and time-varying ARDL techniques. Journal of Doğuş University, 23(2), 345–361.
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Bahar, O. (2006). The impact of tourism sector on Türkiye’s economic growth: VAR analysis approach. Management and Economics, 13(2), 138–150.
-
Bahar, O., & Çelik İlal, N. (2020). Economic effects of coronavirus (Covid-19) on the tourism sector. International Journal of Social Sciences and Education Research, 6(1), 126–139.
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Balaguer, J., & Cantavella-Jordá, M. (2002). Tourism as a long-run economic growth factor: The Spanish case. Applied Economics, 34(7), 877–884.
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Belloumi, M. (2010). The relationship between tourism receipts, real effective exchange rate and economic growth in Tunisia. International Journal of Tourism Research, 12(5), 550–560.
-
Bhattarai, K., & Karmacharya, R. (2022). Impact of tourism on economic growth of Nepal: Is tourism-led growth hypothesis valid for Nepal? Journal of Tourism and Hospitality, 13(1), 93–110.
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Bozkurt, E., & Topçuoğlu, Ö. (2013). Economic growth and tourism relationship in Türkiye. Gümüşhane University Electronic Journal of Social Sciences, 4(7), 92–105.
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Central Bank of the Republic of Türkiye. (2023). Electronic Data Distribution System (EVDS). https://evds2.tcmb.gov.tr/index.php?/evds/archiveMarket/
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Chou, M. C. (2013). Does tourism development promote economic growth in transition countries? A panel data analysis. Economic Modelling, 33, 226–232.
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Çetin, D., & Erdil, E. (2021). “Infernum”: Economic impacts of the COVID-19 pandemic on the health tourism industry – A snapshot. In M. Demir, A. Dalgıç, & F. Doğanay Ergen (Eds.), Handbook of research on the impacts and implications of COVID-19 on the tourism industry (pp. 115–134).
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Çetin, G., & Göktepe, S. (2020). The effects of Covid-19 pandemic on tourism industry. In Economic, social and political effects of Covid-19 pandemic (pp. 88–97). https://doi.org/10.26650/B/SS46.2020.005.06
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Çil Yavuz, N. (2006). Testing the effect of tourism revenues on economic growth in Türkiye: Structural break and causality analysis. Journal of Doğuş University, 7(2), 162–171.
-
Çınar, M., & Ülker, B. (2018). The long-run relationship between economic growth and tourism revenues: The case of Türkiye and TRNC. Gaziantep University Journal of Social Sciences, 17(2), 592–602.
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Çoban, O., & Özcan, C. C. (2013). Tourism revenues–economic growth relationship in Türkiye: Causality analysis (1963–2010). Eskişehir Osmangazi University Journal of Economics and Administrative Sciences, 8(1), 243–262.
-
Demir, E., & Bahar, O. (2022). The relationship between tourism revenues and external borrowing: An empirical investigation on Türkiye. International Journal of Social Sciences and Education Research, 8(1), 100–110.
-
Dereli, D. D., & Akiş, E. (2019). Analysing the relationship between tourism revenues and economic growth in Türkiye (1970–2016). Atatürk University Journal of Economics and Administrative Sciences, 33(2), 467–477.
-
Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), 427–431.
-
Dinçer, M. Z., İstanbullu Dinçer, F., & Ustaoğlu, M. (2015). Real effective exchange rate volatilities’ impact on tourism sector in Türkiye: An empirical analysis of 2003–2014. Procedia Economics and Finance, 23, 1000–1008.
-
Dritsakis, N. (2012). Tourism development and economic growth in seven Mediterranean countries: A panel data approach. Tourism Economics, 18(4), 801–816.
-
Durbarry, R. (2004). Tourism and economic growth: The case of Mauritius. Tourism Economics, 10(4), 389–401.
Duro, J. A., Peraz-Laborda, A., & Turrion-Prats, J. (2021). Covid-19 and tourism vulnerability. Tourism Management Perspectives, 38, 1–12.
-
Eeckels, B., Filis, G., & Leon, C. (2012). Tourism income and economic growth in Greece: Empirical evidence from their cyclical components. Tourism Economics, 18(4), 817–834.
-
Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251–276.
-
Eraslan, M. U. (2023). Tourism sector in Türkiye and the economic stagnation: 2008 global economic crisis and Covid-19 pandemic. International Journal of Economic and Administrative Studies, 1(1), 71–89.
-
Erol, S. İ. (2020). The effect of Covid-19 on employment in the tourism sector: The cases of Italy, Spain and Türkiye. Journal of Business and Economics Studies, 8(2), 38–49.
-
Esen, E., & Özata, E. (2017). The impact of tourism on economic growth: Analysis of the validity of the tourism-based growth hypothesis for Türkiye with ARDL model. Anadolu University Journal of Social Sciences, 17(1), 43–58.
-
Gómez, V., & Maravall, A. (1996). Programs TRAMO (Time series regression with ARIMA noise, missing observations and outliers) and SEATS (Signal extraction in ARIMA time series): Instructions for the user (Documento de Trabajo 9628). Banco de España.
-
Granger, C. W., & Newbold, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 26, 111–120.
Gujarati, D. N. (1999). Basic econometrics. McGraw-Hill.
-
Gündüz, L., & Hatemi-J, A. (2005). Is the tourism-led growth hypothesis valid for Türkiye? Applied Economics Letters, 12(8), 499–504.
-
Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control, 12(2–3), 231–254.
-
Kizil, B. C., & Ceylan, R. (2018). The effect of health expenditures on economic growth: The case of Türkiye. Journal of Yaşar University, 13(50), 197–209.
-
Kızılgöl, Ö., & Erbaykal, E. (2008). The relationship between tourism revenues and economic growth in Türkiye: A causality analysis. Süleyman Demirel University Journal of Faculty of Economics and Administrative Sciences, 13(2), 351–360.
-
Kızılkaya, O., Sofuoğlu, E., & Karaçor, Z. (2016). Tourism revenues–economic growth relationship in Türkiye: ARDL bounds test approach. Journal of Management and Economics, 23(1), 203–215.
-
Oh, C. O. (2005). The contribution of tourism development to economic growth in the Korean economy. Tourism Management, 26(1), 39–44.
-
Ongan, S., & Demiröz, D. M. (2005). The contribution of tourism to the long-run Turkish economic growth. Ekonomický Časopis, 53(9), 1–26.
-
Özkurt, C. İ., & Bilgir, B. (2022). The relationship between tourism revenues and economic growth in Türkiye: ARDL approach. International Journal of Management Economics and Business, 18(1), 277–303.
-
Pata, U. K. (2020). Tourism and economic growth relationship in Türkiye: A sectoral analysis with bootstrap ARDL approach and asymmetric causality test. Journal of Ankara Hacı Bayram Veli University Faculty of Economics and Administrative Sciences, 22(2), 590–611.
-
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326.
-
Polat, E., & Günay, S. (2012). Testing the impact of tourism and export revenues on economic growth in Türkiye: Cointegration and causality analysis. Süleyman Demirel University Journal of Science and Technology, 16(2), 204–211.
-
Ranasinghe, R., & Sugandhika, M. G. (2018). The contribution of tourism income for the economic growth of Sri Lanka. Journal of Management and Tourism Research, 1(2), 67–84.
-
Rasheed, R., Meo, M. S., Awan, R. U., & Ahmed, F. (2019). The impact of tourism on deficit in balance of payments of Pakistan: An application of bounds testing approach to cointegration. Asia Pacific Journal of Tourism Research, 24(4), 325–332.
-
Sinclair-Maragh, G. M. (2014). Resort-based or resource-based tourism? A case study of Jamaica. Emerald Emerging Markets Case Studies. http://dx.doi.org/10.1108/EEMCS-06-2013-0097.
-
Soylu, Ö. B. (2020). Sectoral effects of Covid-19 in the Turkish economy. Eurasian Journal of Social and Economic Research, 7(6), 169–185.
-
Toker, Ç. D. (2023). The effect of Covid-19 disease on tourism income: Dynamic panel data analysis. Bidge Publications, 1, 202–209.
-
Uysal, D., Erdoğan, S., & Mucuk, M. (2004). The relationship between tourism revenues and economic growth in Türkiye (1992–2003). Journal of Social and Economic Research, 4(8), 164–170.
-
VakıfBank. (2023). A study on the significance of seasonally and calendar adjusted series (Special Report 2023-1). Directorate of Economic Research.
-
Yamak, N., Tanrıöver, B., & Güneysu, F. (2012). Tourism–economic growth relations: An investigating on basis of sector. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 26(2), 206–220.
-
Yavuz, N. Ç. (2006). Türkiye’de turizm gelirlerinin ekonomik büyümeye etkisinin testi: Yapısal kırılma ve nedensellik analizi. Doğuş Üniversitesi Dergisi, 7(2), 162–171.
-
Yıldırım, J., & Öcal, N. (2004). Tourism and economic growth in Türkiye. Ekonomik Yaklaşım, 15, 132–141.
Relationship between Tourism Incomes, Economic Growth, and Exchange Rate in Türkiye: Economic Growth Based Tourism Incomes in the Shadow of Covid-19
Year 2025,
Volume: 10 Issue: 3, 1441 - 1467
Barış Can Kızıl
,
Dilek Çetin
Abstract
The main objective of this study is to empirically test the cointegrated relationship between tourism revenues, economic growth and exchange rate in Türkiye. The difference of this study from other studies is that it takes into account the shock effect by including the Covid-19 period in the analysis period. In our study, the ARDL model developed by Peseran, Shin, Smith is estimated using time series data for the period 2003Q1-2024Q3. The dependent variable is tourism revenues, while the independent variables are Gross Domestic Product and real exchange rate. In addition, a dummy variable is used to show the Covid-19 effect. The long-run coefficients are positive and significant. The long-run coefficient of the Covid-19 dummy variable is negative and significant as expected. Accordingly, a 1% increase in economic growth and exchange rate during the Covid-19 period increased tourism revenues by 1.49% and 1.25%, respectively, while shocks arising from Covid-19 decreased tourism revenues by 1.41%. Accordingly, 0.23% of the shocks to growth and exchange rate can be eliminated within the same period. Finally, the empirical findings suggest that the economic growth-based tourism hypothesis is valid for Turkiye.
Ethical Statement
I declare that all processes of this study are in accordance with research and publication ethics, and that I have complied with ethical rules and scientific citation principles.
Supporting Institution
This article was not supported by any institution.
Thanks
I would like to express my sincere gratitude to my esteemed professor for his valuable contributions throughout my work.
References
-
Aleaddinoğlu, F., & Rol, S. (2020). Covid-19 pandemic and its effects on tourism. Van Yüzüncü Yıl University Journal of Institute of Social Sciences, Special Issue on Epidemic Diseases, 233–258.
-
Arıca, F., & Kaya, B. (2022). Covid-19 pandemic and its impact on the Turkish tourism sector. Political Economic Theory, 6(1), 102–118.
-
Arslantürk, Y., Balcılar, M., & Özdemir, Z. A. (2011). Time-varying linkages between tourism receipts and economic growth in a small open economy. Economic Modelling, 28(1–2), 664–671.
-
Aslan, A. (2008). Econometric analysis on the relationship between economic growth and tourism in Türkiye. Erciyes University Journal of Institute of Social Sciences, 1(24), 1–10.
-
Aslantürk, Y., & Atan, S. (2012). Dynamic relation between economic growth, foreign exchange and tourism incomes: An econometric perspective on Türkiye. Journal of Business Economics & Finance, 1(1), 30–37.
-
Ayas, İ., & Çallı, D. S. (2022). An econometric approach to the relationship between tourism revenues and economic growth with ARDL bounds test and time-varying ARDL techniques. Journal of Doğuş University, 23(2), 345–361.
-
Bahar, O. (2006). The impact of tourism sector on Türkiye’s economic growth: VAR analysis approach. Management and Economics, 13(2), 138–150.
-
Bahar, O., & Çelik İlal, N. (2020). Economic effects of coronavirus (Covid-19) on the tourism sector. International Journal of Social Sciences and Education Research, 6(1), 126–139.
-
Balaguer, J., & Cantavella-Jordá, M. (2002). Tourism as a long-run economic growth factor: The Spanish case. Applied Economics, 34(7), 877–884.
-
Belloumi, M. (2010). The relationship between tourism receipts, real effective exchange rate and economic growth in Tunisia. International Journal of Tourism Research, 12(5), 550–560.
-
Bhattarai, K., & Karmacharya, R. (2022). Impact of tourism on economic growth of Nepal: Is tourism-led growth hypothesis valid for Nepal? Journal of Tourism and Hospitality, 13(1), 93–110.
-
Bozkurt, E., & Topçuoğlu, Ö. (2013). Economic growth and tourism relationship in Türkiye. Gümüşhane University Electronic Journal of Social Sciences, 4(7), 92–105.
-
Central Bank of the Republic of Türkiye. (2023). Electronic Data Distribution System (EVDS). https://evds2.tcmb.gov.tr/index.php?/evds/archiveMarket/
-
Chou, M. C. (2013). Does tourism development promote economic growth in transition countries? A panel data analysis. Economic Modelling, 33, 226–232.
-
Çetin, D., & Erdil, E. (2021). “Infernum”: Economic impacts of the COVID-19 pandemic on the health tourism industry – A snapshot. In M. Demir, A. Dalgıç, & F. Doğanay Ergen (Eds.), Handbook of research on the impacts and implications of COVID-19 on the tourism industry (pp. 115–134).
-
Çetin, G., & Göktepe, S. (2020). The effects of Covid-19 pandemic on tourism industry. In Economic, social and political effects of Covid-19 pandemic (pp. 88–97). https://doi.org/10.26650/B/SS46.2020.005.06
-
Çil Yavuz, N. (2006). Testing the effect of tourism revenues on economic growth in Türkiye: Structural break and causality analysis. Journal of Doğuş University, 7(2), 162–171.
-
Çınar, M., & Ülker, B. (2018). The long-run relationship between economic growth and tourism revenues: The case of Türkiye and TRNC. Gaziantep University Journal of Social Sciences, 17(2), 592–602.
-
Çoban, O., & Özcan, C. C. (2013). Tourism revenues–economic growth relationship in Türkiye: Causality analysis (1963–2010). Eskişehir Osmangazi University Journal of Economics and Administrative Sciences, 8(1), 243–262.
-
Demir, E., & Bahar, O. (2022). The relationship between tourism revenues and external borrowing: An empirical investigation on Türkiye. International Journal of Social Sciences and Education Research, 8(1), 100–110.
-
Dereli, D. D., & Akiş, E. (2019). Analysing the relationship between tourism revenues and economic growth in Türkiye (1970–2016). Atatürk University Journal of Economics and Administrative Sciences, 33(2), 467–477.
-
Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366), 427–431.
-
Dinçer, M. Z., İstanbullu Dinçer, F., & Ustaoğlu, M. (2015). Real effective exchange rate volatilities’ impact on tourism sector in Türkiye: An empirical analysis of 2003–2014. Procedia Economics and Finance, 23, 1000–1008.
-
Dritsakis, N. (2012). Tourism development and economic growth in seven Mediterranean countries: A panel data approach. Tourism Economics, 18(4), 801–816.
-
Durbarry, R. (2004). Tourism and economic growth: The case of Mauritius. Tourism Economics, 10(4), 389–401.
Duro, J. A., Peraz-Laborda, A., & Turrion-Prats, J. (2021). Covid-19 and tourism vulnerability. Tourism Management Perspectives, 38, 1–12.
-
Eeckels, B., Filis, G., & Leon, C. (2012). Tourism income and economic growth in Greece: Empirical evidence from their cyclical components. Tourism Economics, 18(4), 817–834.
-
Engle, R. F., & Granger, C. W. J. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251–276.
-
Eraslan, M. U. (2023). Tourism sector in Türkiye and the economic stagnation: 2008 global economic crisis and Covid-19 pandemic. International Journal of Economic and Administrative Studies, 1(1), 71–89.
-
Erol, S. İ. (2020). The effect of Covid-19 on employment in the tourism sector: The cases of Italy, Spain and Türkiye. Journal of Business and Economics Studies, 8(2), 38–49.
-
Esen, E., & Özata, E. (2017). The impact of tourism on economic growth: Analysis of the validity of the tourism-based growth hypothesis for Türkiye with ARDL model. Anadolu University Journal of Social Sciences, 17(1), 43–58.
-
Gómez, V., & Maravall, A. (1996). Programs TRAMO (Time series regression with ARIMA noise, missing observations and outliers) and SEATS (Signal extraction in ARIMA time series): Instructions for the user (Documento de Trabajo 9628). Banco de España.
-
Granger, C. W., & Newbold, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 26, 111–120.
Gujarati, D. N. (1999). Basic econometrics. McGraw-Hill.
-
Gündüz, L., & Hatemi-J, A. (2005). Is the tourism-led growth hypothesis valid for Türkiye? Applied Economics Letters, 12(8), 499–504.
-
Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control, 12(2–3), 231–254.
-
Kizil, B. C., & Ceylan, R. (2018). The effect of health expenditures on economic growth: The case of Türkiye. Journal of Yaşar University, 13(50), 197–209.
-
Kızılgöl, Ö., & Erbaykal, E. (2008). The relationship between tourism revenues and economic growth in Türkiye: A causality analysis. Süleyman Demirel University Journal of Faculty of Economics and Administrative Sciences, 13(2), 351–360.
-
Kızılkaya, O., Sofuoğlu, E., & Karaçor, Z. (2016). Tourism revenues–economic growth relationship in Türkiye: ARDL bounds test approach. Journal of Management and Economics, 23(1), 203–215.
-
Oh, C. O. (2005). The contribution of tourism development to economic growth in the Korean economy. Tourism Management, 26(1), 39–44.
-
Ongan, S., & Demiröz, D. M. (2005). The contribution of tourism to the long-run Turkish economic growth. Ekonomický Časopis, 53(9), 1–26.
-
Özkurt, C. İ., & Bilgir, B. (2022). The relationship between tourism revenues and economic growth in Türkiye: ARDL approach. International Journal of Management Economics and Business, 18(1), 277–303.
-
Pata, U. K. (2020). Tourism and economic growth relationship in Türkiye: A sectoral analysis with bootstrap ARDL approach and asymmetric causality test. Journal of Ankara Hacı Bayram Veli University Faculty of Economics and Administrative Sciences, 22(2), 590–611.
-
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326.
-
Polat, E., & Günay, S. (2012). Testing the impact of tourism and export revenues on economic growth in Türkiye: Cointegration and causality analysis. Süleyman Demirel University Journal of Science and Technology, 16(2), 204–211.
-
Ranasinghe, R., & Sugandhika, M. G. (2018). The contribution of tourism income for the economic growth of Sri Lanka. Journal of Management and Tourism Research, 1(2), 67–84.
-
Rasheed, R., Meo, M. S., Awan, R. U., & Ahmed, F. (2019). The impact of tourism on deficit in balance of payments of Pakistan: An application of bounds testing approach to cointegration. Asia Pacific Journal of Tourism Research, 24(4), 325–332.
-
Sinclair-Maragh, G. M. (2014). Resort-based or resource-based tourism? A case study of Jamaica. Emerald Emerging Markets Case Studies. http://dx.doi.org/10.1108/EEMCS-06-2013-0097.
-
Soylu, Ö. B. (2020). Sectoral effects of Covid-19 in the Turkish economy. Eurasian Journal of Social and Economic Research, 7(6), 169–185.
-
Toker, Ç. D. (2023). The effect of Covid-19 disease on tourism income: Dynamic panel data analysis. Bidge Publications, 1, 202–209.
-
Uysal, D., Erdoğan, S., & Mucuk, M. (2004). The relationship between tourism revenues and economic growth in Türkiye (1992–2003). Journal of Social and Economic Research, 4(8), 164–170.
-
VakıfBank. (2023). A study on the significance of seasonally and calendar adjusted series (Special Report 2023-1). Directorate of Economic Research.
-
Yamak, N., Tanrıöver, B., & Güneysu, F. (2012). Tourism–economic growth relations: An investigating on basis of sector. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 26(2), 206–220.
-
Yavuz, N. Ç. (2006). Türkiye’de turizm gelirlerinin ekonomik büyümeye etkisinin testi: Yapısal kırılma ve nedensellik analizi. Doğuş Üniversitesi Dergisi, 7(2), 162–171.
-
Yıldırım, J., & Öcal, N. (2004). Tourism and economic growth in Türkiye. Ekonomik Yaklaşım, 15, 132–141.