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TURİZME DAYALI BÜYÜME HİPOTEZİ TÜRKİYE İÇİN GEÇERLİ Mİ?

Yıl 2015, Cilt: 16 Sayı: 2, 165 - 178, 01.07.2015

Öz

Bu çalışmada uluslararası turizm gelirleri ile ekonomik büyüme arasındaki nedensellik ilişkisi 1963-2013 dönemi Türkiye ekonomisi için incelenmiştir. Araştırmada kullanılan yıllık zaman serileri Dünya Kalkınma Göstergeleri’nden WDI ve Türkiye İstatistik Kurumu’ndan TÜİK derlenmiştir. Nedenselliği test etmek amacıyla bu çalışmada standart Granger nedensellik, kısıtsız ve Toda Yamamoto VAR nedensellik gibi üç farklı nedensellik analizi kullanılmıştır. Tüm testler nedenselliğin güçlü bir şekilde turizm gelirlerinden ekonomik büyümeye doğru, pozitif ve tek yönlü olduğunu; ayrıca ET ve VA analizleri iki değişkenin birbirlerini karşılıklı olarak etkilediklerini göstermektedir. Bu çalışmanın bulguları, turizme dayalı büyüme hipotezinin Türkiye için geçerli olduğunu göstermektedir

Kaynakça

  • ARSLANTÜRK, Y., ATAN, S. (2012). Dynamic relation between economic growth, foreign exchange and tourism incomes: an econometric perspective on Turkey. Journal of Business, Economics and Finance, 1 (1), pp.30-37.
  • ÇETİNTAŞ, H., BEKTAŞ, Ç. (2008). Türkiye’de turizm ve ekonomik büyüme arasındaki kısa ve uzun dönemli ilişkiler. Anatolia: Turizm Araştırmaları Dergisi, 19 (1), pp.37-44.
  • DEMİRÖZ, D., ONGAN, S. (2005). The contribution of tourism to the long-run Turkish economic growth. Ekonomicky Casopis, 9 (1), pp.880-894.
  • DICKEY, D. A., FULLER, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74, pp.427- 431.
  • DICKEY, D. A., FULLER, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49, pp.1057-1072.
  • ENDERS, W. (2014). Applied econometric time series. 4th edition, New York: Wiley
  • GRANGER, C. W. J. (1969). Investigating causal relations by econometric models and cross spectral methods. Econometrica, 37, pp.424-438.
  • GRANGER, C. W. J., NEWBOLD, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2, pp.111-120.
  • GÜNDÜZ, L., HATEMI, J. A. (2005). Is the tourism-led growth hypothesis valid for Turkey? Applied Economics Letters, 12 (8), pp.499-504.
  • KAPLAN, M., ÇELIK, T. (2008). The impact of tourism on economic performance: the case of Turkey. The International Journal of Applied Economics and Finance, 2, pp.13-18.
  • KASMAN, K, S., KASMAN, A. (2004). Turizm gelirleri ve ekonomik büyüme arasındaki eş- bütünleşme ve nedensellik ilişkisi. İktisat, İsletme ve Finans Dergisi, 19 (7), pp.122-131.
  • KATIRCIOĞLU, S. T. (2009). Revisiting the tourism-led-growth hypothesis for Turkey using the bounds test and Johansen approach for cointegration. Tourism Management, 30 (1), pp.17-20.
  • KIZILGÖL, Ö., ERBAYKAL, E. (2008). Türkiye’de turizm gelirleri ile ekonomik büyüme ilişkisi: bir nedensellik analizi. SDÜ İİBF Dergisi, 13 (2), pp.351-360.
  • KWIATKOWSKI, D., PHILLIPS, P. C. B., SCHMIDT, P., SHIN, Y. (1992). Testing the null hypothesis of stationarity against the alternative of a unit root: how sure are we that economic time series have a unit root? Journal of Econometrics, 54, pp.159-178.
  • MILANOVIC, M., STAMENKOVIC, M. (2012). Causality between tourism and economic growth: a case study of Serbia. 2nd Advances in Hospitality and Tourism Marketing and Management Conferences, [http://www. ahtmm.com /proceedings /2012/2ndahtmmc _submission_177.pdf], [Accessed the 28th of April 2015, 17:20].
  • OFONYELU, C. C., ALIMI, S. R. (2013). Toda-Yamamoto causality test between money market interest rate and expected inflation: the Fisher hypothesis revisited. European Scientific Journal, 9 (7), pp.125-142.
  • ONGAN, S., DEMIRÖZ, D. M., (2005). The contribution of tourism to the long-run Turkish economic growth. Ekonomicky Casopis [Journal of Economics], 53 (9), pp.880-894.
  • ÖZTÜRK, I., ACARAVCI, A. (2009). On the causality between tourism growth and economic growth: empirical evidence from Turkey. Transylvanian Review of Administrative Sciences, 25E, pp.3-81.
  • PHILLIPS, P., PERRON, P. (1988). Testing for a unit root in time series regression. Biometrika, 75 (2), pp.333-346.
  • POLAT, E., GÜNAY, S. (2012). Türkiye’de turizm ve ihracat gelirlerinin ekonomik büyüme üzerindeki etkisinin testi: eşbütünleşme ve nedensellik analizi. Süleyman Demirel Üniversitesi, FBE Dergisi, 16 (2), pp.204-211.
  • SIMS, C. A. (1980). Macroeconomics and reality. Econometrica, 48 (1), pp.1-48.
  • SARGENT, T. J. (1977). Observations on improper methods of simulating and teaching Friedman’s time series consumption model. International Economic Review 18 (2), pp.445-462.
  • TODA, H. Y., YAMAMOTO, T. (1995). Statistical inference in vector autoregressions with possibly integrated process. Journal of Econometrics, 66, pp.225-250.
  • YAMADA, H. (1998). A note on the causality between export and productivity: an empirical re-examination. Economics Letters, 61, pp.111-114.
  • YAVUZ, N. C. (2006). Test for the effect of tourism receipts on economic growth in Turkey: structural break and causality analysis. Doğuş Üniversitesi Dergisi, 7 (2), pp.162-171.
  • YILDIRIM, J., ÖCAL, N. (2004). Tourism and economic growth in Turkey. Ekonomik Yaklaşım, 15, pp.131-141.
  • YURTSEVEN, Ç. (2012). International tourism and economic development in Turkey: a vector approach. Afro Euroasian Studies, 1 (2), pp.37-50.
  • WOLDE-RUFAEL, Y. (2005). Energy demand and economic growth: the African experience. Journal of Policy Modeling, 27, pp. 891-903.
  • ZORTUK, M. (2009). Economics of tourism on Turkey’s economy: evidence from cointegration tests. International Research Journal of Finance and Economics, 25, pp.231-239.

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

Yıl 2015, Cilt: 16 Sayı: 2, 165 - 178, 01.07.2015

Öz

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.

Kaynakça

  • ARSLANTÜRK, Y., ATAN, S. (2012). Dynamic relation between economic growth, foreign exchange and tourism incomes: an econometric perspective on Turkey. Journal of Business, Economics and Finance, 1 (1), pp.30-37.
  • ÇETİNTAŞ, H., BEKTAŞ, Ç. (2008). Türkiye’de turizm ve ekonomik büyüme arasındaki kısa ve uzun dönemli ilişkiler. Anatolia: Turizm Araştırmaları Dergisi, 19 (1), pp.37-44.
  • DEMİRÖZ, D., ONGAN, S. (2005). The contribution of tourism to the long-run Turkish economic growth. Ekonomicky Casopis, 9 (1), pp.880-894.
  • DICKEY, D. A., FULLER, W. A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74, pp.427- 431.
  • DICKEY, D. A., FULLER, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49, pp.1057-1072.
  • ENDERS, W. (2014). Applied econometric time series. 4th edition, New York: Wiley
  • GRANGER, C. W. J. (1969). Investigating causal relations by econometric models and cross spectral methods. Econometrica, 37, pp.424-438.
  • GRANGER, C. W. J., NEWBOLD, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2, pp.111-120.
  • GÜNDÜZ, L., HATEMI, J. A. (2005). Is the tourism-led growth hypothesis valid for Turkey? Applied Economics Letters, 12 (8), pp.499-504.
  • KAPLAN, M., ÇELIK, T. (2008). The impact of tourism on economic performance: the case of Turkey. The International Journal of Applied Economics and Finance, 2, pp.13-18.
  • KASMAN, K, S., KASMAN, A. (2004). Turizm gelirleri ve ekonomik büyüme arasındaki eş- bütünleşme ve nedensellik ilişkisi. İktisat, İsletme ve Finans Dergisi, 19 (7), pp.122-131.
  • KATIRCIOĞLU, S. T. (2009). Revisiting the tourism-led-growth hypothesis for Turkey using the bounds test and Johansen approach for cointegration. Tourism Management, 30 (1), pp.17-20.
  • KIZILGÖL, Ö., ERBAYKAL, E. (2008). Türkiye’de turizm gelirleri ile ekonomik büyüme ilişkisi: bir nedensellik analizi. SDÜ İİBF Dergisi, 13 (2), pp.351-360.
  • KWIATKOWSKI, D., PHILLIPS, P. C. B., SCHMIDT, P., SHIN, Y. (1992). Testing the null hypothesis of stationarity against the alternative of a unit root: how sure are we that economic time series have a unit root? Journal of Econometrics, 54, pp.159-178.
  • MILANOVIC, M., STAMENKOVIC, M. (2012). Causality between tourism and economic growth: a case study of Serbia. 2nd Advances in Hospitality and Tourism Marketing and Management Conferences, [http://www. ahtmm.com /proceedings /2012/2ndahtmmc _submission_177.pdf], [Accessed the 28th of April 2015, 17:20].
  • OFONYELU, C. C., ALIMI, S. R. (2013). Toda-Yamamoto causality test between money market interest rate and expected inflation: the Fisher hypothesis revisited. European Scientific Journal, 9 (7), pp.125-142.
  • ONGAN, S., DEMIRÖZ, D. M., (2005). The contribution of tourism to the long-run Turkish economic growth. Ekonomicky Casopis [Journal of Economics], 53 (9), pp.880-894.
  • ÖZTÜRK, I., ACARAVCI, A. (2009). On the causality between tourism growth and economic growth: empirical evidence from Turkey. Transylvanian Review of Administrative Sciences, 25E, pp.3-81.
  • PHILLIPS, P., PERRON, P. (1988). Testing for a unit root in time series regression. Biometrika, 75 (2), pp.333-346.
  • POLAT, E., GÜNAY, S. (2012). Türkiye’de turizm ve ihracat gelirlerinin ekonomik büyüme üzerindeki etkisinin testi: eşbütünleşme ve nedensellik analizi. Süleyman Demirel Üniversitesi, FBE Dergisi, 16 (2), pp.204-211.
  • SIMS, C. A. (1980). Macroeconomics and reality. Econometrica, 48 (1), pp.1-48.
  • SARGENT, T. J. (1977). Observations on improper methods of simulating and teaching Friedman’s time series consumption model. International Economic Review 18 (2), pp.445-462.
  • TODA, H. Y., YAMAMOTO, T. (1995). Statistical inference in vector autoregressions with possibly integrated process. Journal of Econometrics, 66, pp.225-250.
  • YAMADA, H. (1998). A note on the causality between export and productivity: an empirical re-examination. Economics Letters, 61, pp.111-114.
  • YAVUZ, N. C. (2006). Test for the effect of tourism receipts on economic growth in Turkey: structural break and causality analysis. Doğuş Üniversitesi Dergisi, 7 (2), pp.162-171.
  • YILDIRIM, J., ÖCAL, N. (2004). Tourism and economic growth in Turkey. Ekonomik Yaklaşım, 15, pp.131-141.
  • YURTSEVEN, Ç. (2012). International tourism and economic development in Turkey: a vector approach. Afro Euroasian Studies, 1 (2), pp.37-50.
  • WOLDE-RUFAEL, Y. (2005). Energy demand and economic growth: the African experience. Journal of Policy Modeling, 27, pp. 891-903.
  • ZORTUK, M. (2009). Economics of tourism on Turkey’s economy: evidence from cointegration tests. International Research Journal of Finance and Economics, 25, pp.231-239.
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Araştırma Makalesi
Yazarlar

Harun Terzi Bu kişi benim

Yayımlanma Tarihi 1 Temmuz 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 16 Sayı: 2

Kaynak Göster

APA Terzi, H. (2015). IS THE TOURISM-LED GROWTH HYPOTHESIS TLGH VALID FOR TURKEY?. Doğuş Üniversitesi Dergisi, 16(2), 165-178.