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Year 2018, Volume: 7 Issue: 3, 35 - 54, 29.09.2018

Mehmet Tevfik İzgi , Oğuzhan Özçelebi , Dündar Murat Demiröz

Abstract

References

  • Antonakakis, N., Dragouni, M., Filis, G. (2015). How Strong is the Linkage between Tourism and Economic Growth in Europe?. Economic Modelling, 44, 142-155.
  • Arslanturk, Y., Balcilar, M., Ozdemir, Z. A. (2011). Time-varying Linkages between Tourism Receipts and Economic Growth in a Small Open Economy. Economic Modelling, 28, 664-671.
  • Balaguer, J., Cantavella-Jorda, M. (2002). Tourism as a Long-Run Economic Growth Factor: The Spanish Case. Applied Economics, 34(7), 877–884.
  • Balcilar, M., Eyden, R., Inglesi-Lotz, R., Gupta, R. (2014). Time-varying Linkages Between Tourism Receipts and Economic Growth in South Africa. Applied Economics, 46(36), 4381-4398.
  • Brida, J. G., Cortes-Jimenez, I., Pulina, M. (2016). Has the Tourism-led Growth Hypothesis been Validated? A Literature Review. Current Issues in Tourism, 19(5), 394-430.
  • Brida, J. G., Punzo, L. F., Risso, W. A. (2011). Research Note: Tourism as a Factor of Growth–the Case of Brazil. Tourism Economics, 17(6), 1375–1386.
  • Cao, Z., Li, G., Song, H. (2017). Modelling the Interdependence of Tourism Demand: The Global Vector Autoregressive Approach. Annals of Tourism Research, 67, 1-13.
  • Chao, C., Lu, L., Lai, C., Hu, S., Wang, V. (2013). Devaluation, Pass-through and Foreign Reserves Dynamics in a Tourism Economy. Economic Modelling, 30, 456–461.
  • Chi, J. (2015). Dynamic Impacts of Income and the Exchange Rate on US Tourism, 1960-2011. Tourism Economics, 21(5), 1047-1060.
  • Chulaphan, W., Barahona, J. F. (2017). Contribution of Disaggregated Tourism on Thailand's Economic Growth. Kasetsart Journal of Social Sciences, forthcoming, 1-6.
  • Cortes-Jimenez, I.,Pulina, M. (2010). Inbound Tourism and Long-run Economic Growth. Current Issues in Tourism, 13(1), 61-74.
  • Crouch, G. I. (1992). Effect of Income and Prices on International Tourism. Annals of Tourism Research, 19, 643-664.
  • Crouch, G. I. (1995). A Meta-analysis of Tourism Demand. Annals of Tourism Research, 22(1), 103-118.
  • De Vita, G., Kyaw, K. S. (2013). The Role of the Exchange Rate in Tourism Demand. Annals of Tourism Research, (43), 624–627.
  • Dritsakis, N. (2012). Tourism Development and Economic Growth in Seven Mediterranean Countries: A Panel Data Approach. Tourism Economics, 18(4), 801–816.
  • Dwyer, L., Forsyth, P., RAO, P. (2002). Destination Price Competitiveness: Exchange Rate Changes Versus Domestic Inflation. Journal of Travel Research, 40, 328-336.
  • Gatt, W., Falzon, J. (2014). British Tourism Demand Elasticities in Mediterranean Countries. Applied Economics, 46(29), 3548-3561.
  • Gunduz, L., Hatemi-J, A. (2005). Is the Tourism-led Growth Hypothesis Valid for Turkey. Applied Economics Letters, 12(8), 499-504.
  • Hatemi-J, A. (2012). Asymmetric Causality Tests with an Application. Empirical Economics, 43(1), 447–456.
  • Hatemi-J, A., El-Khatib, Y. (2016). An Extension of the Asymmetric Causality Tests for Dealing with Deterministic Trend Y. Components. Applied Economics, 48, 4033–4041.
  • Hiro Y., Toda, T. (1995). Statistical Inference in Vector Autoregressions with Possibly Integrated Processes. Journal of Econometrics, 66(1-2), 225-250.
  • İzgi, M.T. (2018). Türkiye’de Uluslararası Turizm Aktivitesinin GSYİH Üzerindeki Etkisi Vektör Hata Düzeltme Modeli Yaklaşımı. İstanbul Üniversitesi Sosyal Bilimler Enstitüsü İktisat Ana Bilim Dalı Doktora Tezi, İstanbul.
  • Katircioglu, S. T. (2009). Revisiting the Tourism-led-growth Hypothesis for Turkey Using the Bounds test and Johansen Approach for Cointegration. Tourism Management, 30, 17–20.
  • Lanne, M., Lütkepohl, H., Saikkonen, P. (2002). Comparison of Unit Root Tests for Time Series with Level Shifts. Journal of Time Series Analysis, 23(6), 667-685.
  • Lim, C. (1999). A Meta-Analytic Review of International Tourism Demand. Journal of Travel Research, 37, 273-284.
  • Liu, J., Nijkamp, P., Lin, D. (2017). Urban-rural Imbalance and Tourism-Led Growth in China. Annals of Tourism Research, (64), 24–36.
  • Lütkepohl, H. (2005). New Introduction to Multiple Time Series Analysis. Berlin: Springer.
  • Lütkepohl, H. (2007). “Univariate Time Series Analysis”. Helmut. Lütkepohl, H., Krätzig, M., Applied Time Series Econometrics (8-85). New York: Cambridge University Press.
  • Mavrotas, G., Kelly, R. (2001). Old Wine in New Bottles: Testing Causality between Savings and Growth. The Manchester School, 69(1), 97-105.
  • Morley, C. L. (1992). A Microeconomic Theory of International Tourism Demand. Annals of Tourism Research, 19, 250–267.
  • Morley, C., Rossello, J., Santana-Gallego, M. (2014). Gravity Models for Tourism Demand: Theory and Use. Annals of Tourism Research, 48, 1–10.
  • Nowak, J., Sahlı, M., Cortes-Jimenez, J. (2007). Tourism, Capital Good Imports and Economic Growth: Theory and Evidence for Spain. Tourism Economics, 13(4), 515–536.
  • Ohlan, R. (2017). The Relationship Between Tourism, Financial Development and Economic Growth in India. Future Business Journal, 3, 9–22.
  • Ongan, S., Demiroz, D. M. (2005). The Contribution of Tourism to the Long-run Turkish Economic Growth. Journal of Economics, 53(9), 880–894.
  • Pantula, S.G. (1989). Testing for Unit Roots in Time Series Data. Econometric Theory, 5(2), 256-271.
  • Peng, B., Song, H., Crouch, G. I., Witt, S. F. (2015). A Meta-Analysis of International Tourism Demand Elasticities. Journal of Travel Research, 54(5), 611–633.
  • Perles-Ribes, J.F., Ramon-Rodrigez, A.B., Rubia, A., Moreno-Izquierda, L. (2017). Is the Tourism-led Growth Hypothesis Valid after the Global Economic and Financial Crisis? The Case of Spain 1957-2014. Tourism Management, 61, 96-109.
  • Po, W., Huang, B. (2008). Tourism Development and Economic Growth–a Nonlinear Approach. Physica A, 387, 5535–5542.
  • Primiceri, G.E. (2005). Time Varying Structural Vector Autoregressions and Monetary Policy. Review of Economic Studies, 72, 821–852.
  • Santana-Gallego, M., Ledesma-Rodriguez, F. J., Perez-Rodriguez, J. V. (2010). Exchange Rate Regimes and Tourism. Tourism Economics, 16(1), 25–43.
  • Sequeira, T. N., Campos, C. (2005). International Tourism and Economic Growth: A Panel Data Approach, FEEM Working Paper, 141.
  • Shahzad, S. J. H.,Shahbaz, M., Ferrer, R., Kumar, R. R. (2017). Tourism-led Growth Hypothesis in the Top Ten Tourist Destinations: New Evidence Using the Quantile-on-Quantile Approach. Tourism Management, 60, 223-232.
  • Song H., Dwyer L., Li G. (2012). Tourism Economics Research: A Review and Assessment. Annals of Tourism Research, 39(3), 1653–1682.
  • Syriopoulos, T. C., Sinclair, T. (1993). An Econometric Study of Tourism Demand: The AIDS Model of US and European Tourism in Mediterranean Countries. Applied Economics, 25, 1541-1552.
  • Tang, C.F., Tan, E.C. (2013). How Stable is the Tourism-led Growth Hypothesis in Malaysia? Evidence from Disaggregated Tourism Markets. Tourism Management, 37, 52-57.
  • Tang, C. F., Tan, E. C. (2015). Does Tourism Effectively Stimulate Malaysia's Economic Growth?. Tourism Management, 46, 158-163.
  • Wang, S. (2012). Research Note: Threshold Effects on Development of Tourism and Economic Growth. Tourism Economics, 18(5), 1135–1141.

NET ULUSLARARASI TURİZM GELİRLERİ VE GSYİH: KÜMÜLATİF TOPLAMLAR YAKLAŞIMI

Year 2018, Volume: 7 Issue: 3, 35 - 54, 29.09.2018

Mehmet Tevfik İzgi , Oğuzhan Özçelebi , Dündar Murat Demiröz

Abstract

Özet

 

Amaç: Uluslararası turizm aktivitesinin artmasının ekonomik
büyümeye neden olduğu kabul edilmektedir. Bu çalışmanın amacı, Türkiye’de net uluslararası
turizm gelirleri ile GSYİH arasındaki etkileşimin hangi kanallardan
işleyebileceğinin ortaya konulmasıdır.

 

Yöntem: Toda
ve Yamamoto (1995) ve Hatemi-J (2012) testleri kullanılarak, net uluslararası turizm
gelirleri ile GSYİH arasındaki nedensellik ilişkisi karşılıklı olarak analiz
edilmiştir. Geliştirilen pozitif ve negatif kümülatif toplamlar yardımıyla, net
turizm gelirleri ile GSYİH arasındaki etkileşimde asimetrinin rolü her iki
nedensellik testi ile dikkate alınmıştır.

 













Bulgular ve Sonuç: Net uluslararası turizm gelirlerindeki
artışın GSYİH büyümesine katkı yapacağı bulunmuş iken, net uluslararası turizm
gelirlerindeki düşüş GSYİH’ı düşürmemektedir. Turizm sektörünün büyümesinin
yabancı turistlerin harcamalarından ziyade turizm yatırımları eliyle
sağlandığını ortaya konulmuştur. 

Keywords

Net uluslararası turizm gelirleri GSYİH nedensellik analizi kümülatif toplamlar

References

  • Antonakakis, N., Dragouni, M., Filis, G. (2015). How Strong is the Linkage between Tourism and Economic Growth in Europe?. Economic Modelling, 44, 142-155.
  • Arslanturk, Y., Balcilar, M., Ozdemir, Z. A. (2011). Time-varying Linkages between Tourism Receipts and Economic Growth in a Small Open Economy. Economic Modelling, 28, 664-671.
  • Balaguer, J., Cantavella-Jorda, M. (2002). Tourism as a Long-Run Economic Growth Factor: The Spanish Case. Applied Economics, 34(7), 877–884.
  • Balcilar, M., Eyden, R., Inglesi-Lotz, R., Gupta, R. (2014). Time-varying Linkages Between Tourism Receipts and Economic Growth in South Africa. Applied Economics, 46(36), 4381-4398.
  • Brida, J. G., Cortes-Jimenez, I., Pulina, M. (2016). Has the Tourism-led Growth Hypothesis been Validated? A Literature Review. Current Issues in Tourism, 19(5), 394-430.
  • Brida, J. G., Punzo, L. F., Risso, W. A. (2011). Research Note: Tourism as a Factor of Growth–the Case of Brazil. Tourism Economics, 17(6), 1375–1386.
  • Cao, Z., Li, G., Song, H. (2017). Modelling the Interdependence of Tourism Demand: The Global Vector Autoregressive Approach. Annals of Tourism Research, 67, 1-13.
  • Chao, C., Lu, L., Lai, C., Hu, S., Wang, V. (2013). Devaluation, Pass-through and Foreign Reserves Dynamics in a Tourism Economy. Economic Modelling, 30, 456–461.
  • Chi, J. (2015). Dynamic Impacts of Income and the Exchange Rate on US Tourism, 1960-2011. Tourism Economics, 21(5), 1047-1060.
  • Chulaphan, W., Barahona, J. F. (2017). Contribution of Disaggregated Tourism on Thailand's Economic Growth. Kasetsart Journal of Social Sciences, forthcoming, 1-6.
  • Cortes-Jimenez, I.,Pulina, M. (2010). Inbound Tourism and Long-run Economic Growth. Current Issues in Tourism, 13(1), 61-74.
  • Crouch, G. I. (1992). Effect of Income and Prices on International Tourism. Annals of Tourism Research, 19, 643-664.
  • Crouch, G. I. (1995). A Meta-analysis of Tourism Demand. Annals of Tourism Research, 22(1), 103-118.
  • De Vita, G., Kyaw, K. S. (2013). The Role of the Exchange Rate in Tourism Demand. Annals of Tourism Research, (43), 624–627.
  • Dritsakis, N. (2012). Tourism Development and Economic Growth in Seven Mediterranean Countries: A Panel Data Approach. Tourism Economics, 18(4), 801–816.
  • Dwyer, L., Forsyth, P., RAO, P. (2002). Destination Price Competitiveness: Exchange Rate Changes Versus Domestic Inflation. Journal of Travel Research, 40, 328-336.
  • Gatt, W., Falzon, J. (2014). British Tourism Demand Elasticities in Mediterranean Countries. Applied Economics, 46(29), 3548-3561.
  • Gunduz, L., Hatemi-J, A. (2005). Is the Tourism-led Growth Hypothesis Valid for Turkey. Applied Economics Letters, 12(8), 499-504.
  • Hatemi-J, A. (2012). Asymmetric Causality Tests with an Application. Empirical Economics, 43(1), 447–456.
  • Hatemi-J, A., El-Khatib, Y. (2016). An Extension of the Asymmetric Causality Tests for Dealing with Deterministic Trend Y. Components. Applied Economics, 48, 4033–4041.
  • Hiro Y., Toda, T. (1995). Statistical Inference in Vector Autoregressions with Possibly Integrated Processes. Journal of Econometrics, 66(1-2), 225-250.
  • İzgi, M.T. (2018). Türkiye’de Uluslararası Turizm Aktivitesinin GSYİH Üzerindeki Etkisi Vektör Hata Düzeltme Modeli Yaklaşımı. İstanbul Üniversitesi Sosyal Bilimler Enstitüsü İktisat Ana Bilim Dalı Doktora Tezi, İstanbul.
  • Katircioglu, S. T. (2009). Revisiting the Tourism-led-growth Hypothesis for Turkey Using the Bounds test and Johansen Approach for Cointegration. Tourism Management, 30, 17–20.
  • Lanne, M., Lütkepohl, H., Saikkonen, P. (2002). Comparison of Unit Root Tests for Time Series with Level Shifts. Journal of Time Series Analysis, 23(6), 667-685.
  • Lim, C. (1999). A Meta-Analytic Review of International Tourism Demand. Journal of Travel Research, 37, 273-284.
  • Liu, J., Nijkamp, P., Lin, D. (2017). Urban-rural Imbalance and Tourism-Led Growth in China. Annals of Tourism Research, (64), 24–36.
  • Lütkepohl, H. (2005). New Introduction to Multiple Time Series Analysis. Berlin: Springer.
  • Lütkepohl, H. (2007). “Univariate Time Series Analysis”. Helmut. Lütkepohl, H., Krätzig, M., Applied Time Series Econometrics (8-85). New York: Cambridge University Press.
  • Mavrotas, G., Kelly, R. (2001). Old Wine in New Bottles: Testing Causality between Savings and Growth. The Manchester School, 69(1), 97-105.
  • Morley, C. L. (1992). A Microeconomic Theory of International Tourism Demand. Annals of Tourism Research, 19, 250–267.
  • Morley, C., Rossello, J., Santana-Gallego, M. (2014). Gravity Models for Tourism Demand: Theory and Use. Annals of Tourism Research, 48, 1–10.
  • Nowak, J., Sahlı, M., Cortes-Jimenez, J. (2007). Tourism, Capital Good Imports and Economic Growth: Theory and Evidence for Spain. Tourism Economics, 13(4), 515–536.
  • Ohlan, R. (2017). The Relationship Between Tourism, Financial Development and Economic Growth in India. Future Business Journal, 3, 9–22.
  • Ongan, S., Demiroz, D. M. (2005). The Contribution of Tourism to the Long-run Turkish Economic Growth. Journal of Economics, 53(9), 880–894.
  • Pantula, S.G. (1989). Testing for Unit Roots in Time Series Data. Econometric Theory, 5(2), 256-271.
  • Peng, B., Song, H., Crouch, G. I., Witt, S. F. (2015). A Meta-Analysis of International Tourism Demand Elasticities. Journal of Travel Research, 54(5), 611–633.
  • Perles-Ribes, J.F., Ramon-Rodrigez, A.B., Rubia, A., Moreno-Izquierda, L. (2017). Is the Tourism-led Growth Hypothesis Valid after the Global Economic and Financial Crisis? The Case of Spain 1957-2014. Tourism Management, 61, 96-109.
  • Po, W., Huang, B. (2008). Tourism Development and Economic Growth–a Nonlinear Approach. Physica A, 387, 5535–5542.
  • Primiceri, G.E. (2005). Time Varying Structural Vector Autoregressions and Monetary Policy. Review of Economic Studies, 72, 821–852.
  • Santana-Gallego, M., Ledesma-Rodriguez, F. J., Perez-Rodriguez, J. V. (2010). Exchange Rate Regimes and Tourism. Tourism Economics, 16(1), 25–43.
  • Sequeira, T. N., Campos, C. (2005). International Tourism and Economic Growth: A Panel Data Approach, FEEM Working Paper, 141.
  • Shahzad, S. J. H.,Shahbaz, M., Ferrer, R., Kumar, R. R. (2017). Tourism-led Growth Hypothesis in the Top Ten Tourist Destinations: New Evidence Using the Quantile-on-Quantile Approach. Tourism Management, 60, 223-232.
  • Song H., Dwyer L., Li G. (2012). Tourism Economics Research: A Review and Assessment. Annals of Tourism Research, 39(3), 1653–1682.
  • Syriopoulos, T. C., Sinclair, T. (1993). An Econometric Study of Tourism Demand: The AIDS Model of US and European Tourism in Mediterranean Countries. Applied Economics, 25, 1541-1552.
  • Tang, C.F., Tan, E.C. (2013). How Stable is the Tourism-led Growth Hypothesis in Malaysia? Evidence from Disaggregated Tourism Markets. Tourism Management, 37, 52-57.
  • Tang, C. F., Tan, E. C. (2015). Does Tourism Effectively Stimulate Malaysia's Economic Growth?. Tourism Management, 46, 158-163.
  • Wang, S. (2012). Research Note: Threshold Effects on Development of Tourism and Economic Growth. Tourism Economics, 18(5), 1135–1141.
There are 47 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Articles
Authors

Mehmet Tevfik İzgi

Oğuzhan Özçelebi

Dündar Murat Demiröz This is me

Publication Date September 29, 2018
Published in Issue Year 2018 Volume: 7 Issue: 3

Cite

APA İzgi, M. T., Özçelebi, O., & Demiröz, D. M. (2018). NET ULUSLARARASI TURİZM GELİRLERİ VE GSYİH: KÜMÜLATİF TOPLAMLAR YAKLAŞIMI. Kırklareli Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 7(3), 35-54.
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