IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY?

Volume: 16 Number: 2 July 1, 2015
  • Harun Terzi
TR EN

IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY?

Abstract

This study focuses on the causality relationship between international tourism revenue and economic growth in the Turkish economy during the period 1963-2013. Yearly time series data were obtained from the World Data Indicators and the Turkish Statistical Institute. Three different methodologies were employed to test the causality: pairwise Granger causality, unrestricted VAR and Toda-Yamamoto VAR analysis. All tests yielded strong evidence for unidirectional positive significant causality running from tourism revenue to economic growth. Additionally, IR and VD analyses also showed that the two variables affect each other. The findings of this study support the view that tourism-led growth hypothesis is valid for the Turkish economy.

Keywords

References

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  3. DEMİRÖZ, D., ONGAN, S. (2005). The contribution of tourism to the long-run Turkish economic growth. Ekonomicky Casopis, 9 (1), pp.880-894.
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  5. DICKEY, D. A., FULLER, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49, pp.1057-1072.
  6. ENDERS, W. (2014). Applied econometric time series. 4th edition, New York: Wiley
  7. GRANGER, C. W. J. (1969). Investigating causal relations by econometric models and cross spectral methods. Econometrica, 37, pp.424-438.
  8. GRANGER, C. W. J., NEWBOLD, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2, pp.111-120.

Details

Primary Language

English

Subjects

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Journal Section

-

Authors

Harun Terzi This is me

Publication Date

July 1, 2015

Submission Date

-

Acceptance Date

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Published in Issue

Year 2015 Volume: 16 Number: 2

APA
Terzi, H. (2015). IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY? Doğuş Üniversitesi Dergisi, 16(2), 165-178. https://izlik.org/JA98DC79WH
AMA
1.Terzi H. IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY? Doğuş Üniversitesi Dergisi. 2015;16(2):165-178. https://izlik.org/JA98DC79WH
Chicago
Terzi, Harun. 2015. “IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY?”. Doğuş Üniversitesi Dergisi 16 (2): 165-78. https://izlik.org/JA98DC79WH.
EndNote
Terzi H (July 1, 2015) IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY? Doğuş Üniversitesi Dergisi 16 2 165–178.
IEEE
[1]H. Terzi, “IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY?”, Doğuş Üniversitesi Dergisi, vol. 16, no. 2, pp. 165–178, July 2015, [Online]. Available: https://izlik.org/JA98DC79WH
ISNAD
Terzi, Harun. “IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY?”. Doğuş Üniversitesi Dergisi 16/2 (July 1, 2015): 165-178. https://izlik.org/JA98DC79WH.
JAMA
1.Terzi H. IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY? Doğuş Üniversitesi Dergisi. 2015;16:165–178.
MLA
Terzi, Harun. “IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY?”. Doğuş Üniversitesi Dergisi, vol. 16, no. 2, July 2015, pp. 165-78, https://izlik.org/JA98DC79WH.
Vancouver
1.Harun Terzi. IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY? Doğuş Üniversitesi Dergisi [Internet]. 2015 Jul. 1;16(2):165-78. Available from: https://izlik.org/JA98DC79WH