Araştırma Makalesi

Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions

Cilt: 10 Sayı: 2 30 Haziran 2025
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Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions

Öz

This study empirically examines the relationship between inbound tourism demand and foreign trade for Türkiye by employing panel data analysis to estimate a tourism demand function that incorporates an export variable alongside conventional determinants. The results reveal that a 10% increase in exports corresponds to a 2.11% rise in tourist arrivals. This positive linkage is attributed to strengthened interpersonal networks, enhanced transportation infrastructure, and greater destination visibility fostered by trade relations. However, this link does not follow a linear pathway. While exports robustly impact tourism under normal conditions, the influence vanishes during crises with mobility restrictions. COVID-19 restrictions caused a structural break for the tourism-trade nexus of Türkiye. The insignificant export-pandemic interaction term employed in the econometric model proves that trade loses its stimulating effect on tourism during international mobility crises. Key findings also highlight that GDP and population size of source countries are the primary determinants of Türkiye’s tourism demand, and exports exert a larger effect than relative prices. Results suggest that policymakers should adopt alternative strategies independent from international mobility conditions to sustain the tourism sector in such shocks, and export promotion may be more effective than price competitiveness strategies in stimulating demand.

Anahtar Kelimeler

Destekleyen Kurum

Central Bank of the Republic of Türkiye

Etik Beyan

A study conducted for the Central Bank of the Republic of Türkiye titled “The Effects of Foreign Trade on Foreign Exchange Earnings: The Case of Tourism Sector” provided the empirical basis for this research. Original study have been intensively refined and elaborated with this manuscript.

Kaynakça

  1. Ağazade, S. (2021). Does tourism source market structure affect international tourism demand for Antalya? A panel generalized method of moments analysis. Journal of Policy Research in Tourism, Leisure and Events, 15(4), 437–450. https://doi.org/10.1080/19407963.2021.1972003
  2. Akay, G.H., Cifter, A. and Teke, Ö. (2016). Turkish tourism, exchange rates and income. Tourism Economics, 23(1), 66-77. https://doi.org/10.5367/te.2015.0497
  3. Alleyne, L., Okey, O. and Moore, W. (2020). The volatility of tourism demand and real effective exchange rates: A disaggregated analysis. Tourism Review, 76(2), 489-502. https://doi.org/10.1108/tr-09-2019-037
  4. Altin, M. and Uysal, M. (2014). Economic sentiment indicator as a demand determinant. Tourism Analysis, 19(5), 581-597. https://doi.org/10.3727/108354214x14116690097855
  5. Arellano, B. and Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277-297. https://doi.org/10.2307/2297968
  6. Aslan, A., Kaplan, M. and Kula, F. (2008). International tourism demand for Turkey: A dynamic panel data (MPRA Paper No. 10601). Retrieved from https://mpra.ub.uni-muenchen.de/10601/
  7. Bae, E., Chang, M., Park, E. and Kim, D. (2017). The effect of Hallyu on tourism in Korea. Journal of Open Innovation: Technology, Market, and Complexity, 3(4), 1-12. https://doi.org/10.1186/s40852-017-0075-y
  8. Bahar, O. and Baldemir, E. (2008). Uluslararası ticaret ile uluslararası turizm arasındaki nedensellik ilişkisi: Türkiye örneği. Dokuz Eylül Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 10(4). Retrieved from https://www.ajindex.com/

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonometrik ve İstatistiksel Yöntemler, Panel Veri Analizi , Turizm Ekonomisi, Uluslararası Ticaret (Diğer)

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

30 Haziran 2025

Gönderilme Tarihi

24 Şubat 2025

Kabul Tarihi

7 Mayıs 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 10 Sayı: 2

Kaynak Göster

APA
Kurnaz, E., & Seyfettinoğlu, Ü. K. (2025). Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions. Ekonomi Politika ve Finans Araştırmaları Dergisi, 10(2), 655-676. https://doi.org/10.30784/epfad.1646278
AMA
1.Kurnaz E, Seyfettinoğlu ÜK. Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions. EPF Journal. 2025;10(2):655-676. doi:10.30784/epfad.1646278
Chicago
Kurnaz, Emre, ve Ümit K. Seyfettinoğlu. 2025. “Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions”. Ekonomi Politika ve Finans Araştırmaları Dergisi 10 (2): 655-76. https://doi.org/10.30784/epfad.1646278.
EndNote
Kurnaz E, Seyfettinoğlu ÜK (01 Temmuz 2025) Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions. Ekonomi Politika ve Finans Araştırmaları Dergisi 10 2 655–676.
IEEE
[1]E. Kurnaz ve Ü. K. Seyfettinoğlu, “Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions”, EPF Journal, c. 10, sy 2, ss. 655–676, Tem. 2025, doi: 10.30784/epfad.1646278.
ISNAD
Kurnaz, Emre - Seyfettinoğlu, Ümit K. “Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions”. Ekonomi Politika ve Finans Araştırmaları Dergisi 10/2 (01 Temmuz 2025): 655-676. https://doi.org/10.30784/epfad.1646278.
JAMA
1.Kurnaz E, Seyfettinoğlu ÜK. Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions. EPF Journal. 2025;10:655–676.
MLA
Kurnaz, Emre, ve Ümit K. Seyfettinoğlu. “Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions”. Ekonomi Politika ve Finans Araştırmaları Dergisi, c. 10, sy 2, Temmuz 2025, ss. 655-76, doi:10.30784/epfad.1646278.
Vancouver
1.Emre Kurnaz, Ümit K. Seyfettinoğlu. Exports and Tourism Demand: Evidence of a Strong Link Disrupted by Pandemic Restrictions. EPF Journal. 01 Temmuz 2025;10(2):655-76. doi:10.30784/epfad.1646278