Estimating the Impact of Tourism Development on Energy Consumption: The Case of Northern Cyprus

Year 2013, Volume: 17 Issue: 41, 1 - 11, 01.12.2013

Salih Turan Katırcıoğlu

Abstract

This study investigates the long-term equilibrium relationship between international tourism and energy consumption as proxied by oil and gas consumption and the direction of causality among themselves in a small island, the Turkish Republic of Northern Cyprus TRNC . Results reveal that energy consumption is in long-term relationship with international tourism development; international tourism has inelastic and positively significant impact on the growth of energy in the long-term period. Furthermore, energy consumption significantly converges to its long-term equilibrium level by 74.9 percent speed of adjustment every year as contributed by international tourism in Northern Cyprus. Finally, the results of the present study reveal that there is unidirectional causality that runs from international tourism development to the growth of energy consumption in the island. Thus, this major finding suggests that international tourism in Northern Cyprus is catalyst for energy growth in the long-term period

Keywords

International Tourism, Energy, Bounds Test, Causality, Cyprus

Turizm Gelişmesinin Enerji Tüketimi Üzerine Etkisini Öngörmek: Kuzey Kıbrıs örneği

Abstract

Bu çalışma, küçük bir ada olan Kuzey Kıbrıs Türk Cumhuriyeti’nde, uluslarası turizm ile enerji tüketimi petrol ve gaz tüketimi arasındaki uzun dönemli denge ilişkisini ve bu ilişkinin yönünü tahmin etmeyi hedeflemektedir. Sonuçlar, enerji tüketiminin uluslararası turizm kalkınması ile uzun dönemli bir denge ilişkisi içerisinde olduğunu göstermektedir; uluslararası turizm esneklik katsayısı düşük fakat pozitif yönde enerji tüketimine istatistiki açıdan anlamlı bir uzun dönem etkisi yapmaktadır. Kuzey Kıbrıs’ta, enerji tüketimi uzun dönem denge seviyesine uluslararası turizm aracılığı ile 74.9 %’lük bir hızla yaklaşmaktadır. Son olarak, bu çalışmanın sonuçları, Kuzey Kıbrıs’ta uluslararası turizm’den enerji tüketimine doğru tek yönlü bir nedensellik olduğunu ortaya koymaktadır. Bu yüzden, bu çalışmanın başlıca bulgusu, Kuzey Kıbrıs’ta uluslararası turizm’in enerji tüketimi için uzun dönemde bir katalizor olduğu yönündedir

Keywords

Uluslararası Turizm, Enerji, Limit Testi, Nedensellik, Kıbrıs

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