Tourism is very important for the country's
economy in terms of the positive impact of the balance of payments, employment,
source of foreign exchange, increase production diversity and international
cultural relationship. Because of these contributions, tourism is accepted as
part of economic development especially for many developing countries like
Turkey. Tourism data is affected by factors such as economic crisis, security
problems and natural disasters as well as many other time series. These factors
may cause structural breaks in time series as well as affect the results of
tests performance. The main purpose of this study is to examine the
cointegration between tourism sector components and economic growth under
structural breaks and heteroscedastic or nonnormal error. Results showed that
tourism reicept has a positive effect on Turkey's economic growth and balance
of payments. In addition real effective exchange rate has no meaningful effect
on tourism reicept and the number of tourists increase tourism reicept.
Additionally, it has been observed that structural breaks in the series and
deviations from the assumption of constant variance affect the relationship
between tourism reicept and economic growth. Gregory-Hansen and RALS
cointegration test must be used in structural break and heteroscedastic error
respectively.
Primary Language | Turkish |
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Journal Section | Article |
Authors | |
Publication Date | June 28, 2018 |
Published in Issue | Year 2018 Volume: 20 Issue: 1 |
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