The Nexus Between Tourism and Economic Growth in E-7 Countries: Asymmetric Panel Causality Analysis

Year 2018, Issue: 58, 130 - 142, 19.10.2018

AYŞEGÜL Yıldız , Mahmut Zortuk

Abstract

Tourism,
one of the most important sectors of the world economy, plays an important role
in the economic development of many countries. With globalization, the number
of tourist visits to the four sides of the world is increasing; which leads to
increased investment in tourism sector in developed and developing countries.
In this respect, tourism has become one of the fastest growing and most
important sectors of the world. In this study where the annual data for the
1995-2016 time period are used, the relationship between the tourism incomes
and economic growth variables of the fastest growing and developing E-7
countries  is examined by the asymmetric
panel causality method developed by Hatemi-J (2011). As a result of the
empirical findings, it is concluded that there is a causal relationship between
tourism revenues and economic growth. A positive shock emerged in tourism
revenues caused economic growth. Besides, it has been found that tourism
incomes tend to give a negative response in case of a negative shock in the
economic growth variable. 

Keywords

Economic growth, tourism revenues, asymmetric panel causality test

E-7 Ülkelerinde Turizm ve Ekonomik Büyüme İlişkisi: Asimetrik Panel Nedensellik Analizi

Abstract

Dünya ekonomisinin en önemli
sektörlerinden biri olan turizm, birçok ülkenin ekonomik gelişiminde önemli rol
oynamaktadır. Küreselleşmeyle
birlikte dünyanın dört bir yanına yapılan turist ziyaretlerinin sayısı
artmakta; bu durum gelişmiş ve gelişmekte olan ülkelerde de turizm sektörüne
yönelik yatırımların artmasına neden olmaktadır. Bu sayede turizm dünyanın en
hızlı büyüyen ve en önemli sektörlerinden biri haline gelmiştir. 1995-2016 zaman periyoduna ait yıllık verilerinin
kullanıldığı bu çalışmada, en hızlı büyüyen ve gelişmekte olan E-7 ülkelerinin turizm gelirleri ile ekonomik büyüme değişkenleri
arasındaki ilişki Hatemi-J (2011) tarafından geliştirilen asimetrik panel
nedensellik yöntemiyle incelenmektedir. Elde edilen bulgular doğrultusunda,
turizm gelirleri ile ekonomik büyüme arasında nedensel bir ilişki olduğu
sonucuna ulaşılmıştır. Turizm gelirlerinde meydana gelebilecek pozitif bir
şokun ekonomik büyümeye neden olduğu; ekonomik büyüme değişkeninde negatif bir
şokun yaşanması halinde ise turizm gelirlerinin negatif bir tepki verme
eğiliminde olduğu tespit edilmiştir. 

Keywords

Ekonomik büyüme, turizm gelirleri

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