TIME-VARYING RELATIONSHIP BETWEEN INTERNATIONAL TRADE AND INTERNATIONAL TOURISM IN TURKEY
Yıl 2020,
Cilt: 19 Sayı: 75, 1212 - 1231, 01.07.2020
Mustafa Kırca
,
Mustafa Özer
Öz
Bu çalışmada Türkiye’de uluslararası turizm talebi ve toplam ihracat ile alt bileşenleri (aramalları ve sermaye malları) ve toplam ithalat ile alt bileşenleri (aramalları ve sermaye malları) arasındaki nedensel ilişkilerinin araştırılması amaçlanmaktadır. Çalışmada değişkenler arasındaki nedensellik ilişkileri Hacker ve Hatemi- J Bootstrap Toda-Yamamoto ve Zamanla Değişen Nedensellik testleri kullanılarak araştırılmıştır. Analiz sonuçları, uluslararası turizm talebi ile ihracat ve ithalat arasında nedensellik ilişkilerin istikrarsız olduğunu göstermektedir. Başka bir ifadeyle zamanla değişen bir yapıya sahiptir. Ayrıca, uluslararası turizm talebinin ithalata katkısı, ihracata katkısından daha büyüktür. Son olarak, uluslararası turizm talebinin ihracat ve ithalat bileşenlerine etkisi genellikle pozitif yöndedir. Bu nedenle politika yapıcıları, sektör temsilcileri ve piyasa profesyonelleri hem uluslararası ticareti hem de uluslararası turizmi teşvik etmeyi amaçlayan politikaları geliştirmeden ve uygulamadan önce değişkenler arasında tespit edilen zamanla değişen nedensellik ilişkilerini göz önüne almalıdırlar.
Destekleyen Kurum
Anadolu Üniversitesi (Bilimsel Araştırma Projeleri)
Kaynakça
- 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(1–2), 664–671. https://doi.org/10.1016/j.econmod.2010.06.003
- Bahar, O., & Baldemir, E. (2008). Uluslararası Ticaret ile Uluslararası Turizm Arasındaki Nedensellik İlişkisi: Türkiye Örneği. Dokuz Eylül Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 10(4), 97–111.
- Balcilar, M., & Ozdemir, Z. A. (2013). Asymmetric and Time-Varying Causality between Inflation and Inflation Uncertainty in G-7 Countries. Scottish Journal of Political Economy, 60(1), 1–42. https://doi.org/10.1111/sjpe.12000
- Balcilar, M., Ozdemir, Z. A., & Arslanturk, Y. (2010). Economic growth and energy consumption causal nexus viewed through a bootstrap rolling window. Energy Economics, 32(6), 1398–1410. https://doi.org/10.1016/j.eneco.2010.05.015
- Brahmbhatt, J., & Menezes, R. (2013). On the relation between tourism and trade: A network experiment. 2nd Network Science Workshop (NSW), 74–81. Piscataway, New Jersey: IEEE.
- Central Bank of the Republic of Turkey (TCMB). (2014). Electronic Data Delivery System (EVDS). Retrieved December 14, 2014, from https://evds2.tcmb.gov.tr/index.php?
- Chaisumpunsakul, W., & Pholphirul, P. (2018). Does international trade promote international tourism demand? Evidence from Thailand’s trading partners. Kasetsart Journal of Social Sciences, 39(3), 393–400. https://doi.org/10.1016/j.kjss.2017.06.007
- Egeli, H. A. (1997). Türk turizminin dış ticaret ve sektörlerarası bağlantıları açısından değerlendirilmesi. Ankara Üniversitesi SBF Dergisi, 52(1), 1. https://doi.org/10.1501/SBFder_0000002001
- Fischer, C., & Gil-Alana, L. A. (2009). The nature of the relationship between international tourism and international trade: the case of German imports of Spanish wine. Applied Economics, 41(11), 1345–1359. https://doi.org/10.1080/00036840601019349
- Gautam, V., & Kg, S. (2012). An Empirical Investigation About Relationship Between International Trade And Tourist Arrival: Evidence From India. Business Excellence and Management, 2(3), 53–62.
- Gray, H. P. (1970). International travel-international trade. Lexington: Heath Lexington Books.
- Gül, H., & Özer, M. (2018). Frequency domain causality analysis of tourism and economic activity in Turkey. European Journal of Тourism Research, 19, 86–97. Retrieved from http://ejtr.vumk.eu/index.php/volume1/573-v19rp86
- Hacker, R. S., & Hatemi-J, A. (2006). Tests for causality between integrated variables using asymptotic and bootstrap distributions: theory and application. Applied Economics, 38(13), 1489–1500. https://doi.org/10.1080/00036840500405763
- Hanafiah, M., Hafiz, M., Harun, M. F., & Jamaluddin, M. R. (2011). Trade and Tourism Demand : A Case of Malaysia. International Conference on Business and Economics Research, 1, 1–4. Kuala Lumpur, Malaysia: IACSIT Press.
- Kadir, N., & Jusoff, K. (2010). The Cointegration and Causality Tests for Tourism and Trade in Malaysia. International Journal of
Economics and Finance, 2(1). https://doi.org/10.5539/ijef.v2n1p138
- Kg, S., Gautam, V., & Kumar, M. (2011). Analysing the relationships among tourism, trade, and economic growth in Indian perspective. Journal of International Busieness and Economy, 12(1), 1–11.
- Khan, H., & Lin, C. C. (2002). International trade and tourism: Evidence from cointegration and causality tests by using Singapore data. The 33rd Annual Conference of Travel and Tourism Association (TTRA), 6, 23–26.
- Khan, H., Phang, S. –., & Toh, R. S. (1995). The multiplier effect Singapore’s hospitality industry. The Cornell Hotel and Restaurant Administration Quarterly, 36(1), 64–69. https://doi.org/10.1016/S0010-8804(99)80060-3
- Khan, H., Toh, R. S., & Chua, L. (2005). Tourism and Trade: Cointegration and Granger Causality Tests. Journal of Travel Research, 44(2), 171–176. https://doi.org/10.1177/0047287505276607
- Kulendran, N., & Wilson, K. (2000). Is there a relationship between international trade and international travel? Applied Economics, 32(8), 1001–1009. https://doi.org/10.1080/000368400322057
- Majewska, J., & Minska-Struzik, E. (2012). In search of the relationship between international tourism and trade: evidence from Poland. ETSG 2012 Leuven: Fourteenth Annual Conference, 1–26. Retrieved from https://www.etsg.org/ETSG2012/Programme/Papers/447.pdf
- Massidda, C., & Mattana, P. (2013). A SVECM Analysis of the Relationship between International Tourism Arrivals, GDP and Trade in Italy. Journal of Travel Research, 52(1), 93–105. https://doi.org/10.1177/0047287512457262
- Nyakabawo, W., Miller, S. M., Balcilar, M., Das, S., & Gupta, R. (2015). Temporal causality between house prices and output in the US: A bootstrap rolling-window approach. The North American Journal of Economics and Finance, 33, 55–73. https://doi.org/10.1016/j.najef.2015.03.001
- Oigenblick, L., & Kirschenbaum, A. (2002). Tourism and immigration: Comparing alternative approaches. Annals of Tourism Research, 29(4), 1086–1100. https://doi.org/10.1016/S0160-7383(02)00023-3
- Özer, M. (2015). Can Turkey be a good example for the Balkan Nations? The story of illusion of well-being! In X. Richet, H. Hanic, & Z. Grubisic (Eds.), New Economic Policy Reforms (pp. 15–58). Belgrade: Belgrade Banking Academy.
- Polat, E., Türkan, S., & Günay, S. (2010). Relationship between tourism and trade in Turkey. International Conference On Applied Economics, 591–596. Athens: Department of Economic Sciences, National and Kapodistrian University of Athens.
- Santana-Gallego, M., Ledesma-Rodríguez, F. J., & Pérez-Rodríguez, J. V. (2016). International trade and tourism flows: An extension of the gravity model. Economic Modelling, 52, 1026–1033. https://doi.org/10.1016/j.econmod.2015.10.043
- Santana-Gallego, M., Ledesma-Rodríguez, F., & Pérez-Rodríguez, J. V. (2011). Tourism and trade in OECD countries. A dynamic heterogeneous panel data analysis. Empirical Economics, 41(2), 533–554. https://doi.org/10.1007/s00181-011-0477-9
- Sarmidi, T., & Mohd Salleh, N. H. (2011). Dynamic inter-relationship between trade, economic growth and tourism in Malaysia. International Journal of Economics and Management, 5(1), 38–52.
- Seyidoğlu, H. (2007). Uluslarası iktisat-teori, politika ve uygulama. İstanbul: Güzem Can Yayınları.
- Shan, J., & Wilson, K. (2001). Causality between trade and tourism: empirical evidence from China. Applied Economics Letters, 8(4), 279–283. https://doi.org/10.1080/135048501750104114
- Socher, K. (1986). Tourism in the theory of international trade and payments. The Tourist Review, 41(3), 24–26. https://doi.org/10.1108/eb057953
- Suleiman, N. N., & Albiman, M. M. (2014). Dynamic relationship between tourism, trade, infrastructure and economic growth: Empirical evidence From Malaysia. Journal of African Studies and Development, 6(3), 49–55. https://doi.org/10.5897/JASD2013.0260
- Tang, S., Selvanathan, E. A., & Selvanathan, S. (2007). The Relationship between Foreign Direct Investment and Tourism: Empirical Evidence from China. Tourism Economics, 13(1), 25–39. https://doi.org/10.5367/000000007779784498
- Toda, H. Y., & Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics, 66(1–2), 225–250. https://doi.org/10.1016/0304-4076(94)01616-8
- Turkish Statistics Institute. (2014). Retrieved December 14, 2014, from http://www.tuik.gov.tr/
- Turner, L. W., & Witt, S. F. (2001). Factors Influencing Demand for International Tourism: Tourism Demand Analysis Using Structural Equation Modelling, Revisited. Tourism Economics, 7(1), 21–38. https://doi.org/10.5367/000000001101297711
- Vellas, F., & Bécherel, L. (1995). International Tourism: An Economic Perspective. Basingstoke, UK: Macmillan.
- World Tourism Organization UNWTO. (2014). UNWTO Tourism Highlights, 2014 Edition. https://doi.org/10.18111/9789284416226
TIME-VARYING RELATIONSHIP BETWEEN INTERNATIONAL TRADE AND INTERNATIONAL TOURISM IN TURKEY
Yıl 2020,
Cilt: 19 Sayı: 75, 1212 - 1231, 01.07.2020
Mustafa Kırca
,
Mustafa Özer
Öz
In this paper we examine the causal relations between international tourism demand and total exports and its sub-components (intermediate goods and capital goods) and total imports (intermediate goods and capital goods) in Turkey by using Hacker and Hatemi-J Bootstrap Toda-Yamamoto and Time-Varying Causality tests. The results of the study indicate the causal relations between international tourism demand and exports and imports. The results also indicate that these causal relations between international tourism demand and international trade are not stable. In other words, they have a time-varying nature. Moreover, international tourism demand’s contribution to imports are greater than that of exports. Finally, the international tourism demand is more often affected by components of exports and imports and the signs of are generally positive. Thus, policy makers, sector representatives and market professionals related to both international trade and tourism should take into account of this time-varying nature of causal relations between these variables before implementing policies aiming to promote both.
Kaynakça
- 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(1–2), 664–671. https://doi.org/10.1016/j.econmod.2010.06.003
- Bahar, O., & Baldemir, E. (2008). Uluslararası Ticaret ile Uluslararası Turizm Arasındaki Nedensellik İlişkisi: Türkiye Örneği. Dokuz Eylül Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 10(4), 97–111.
- Balcilar, M., & Ozdemir, Z. A. (2013). Asymmetric and Time-Varying Causality between Inflation and Inflation Uncertainty in G-7 Countries. Scottish Journal of Political Economy, 60(1), 1–42. https://doi.org/10.1111/sjpe.12000
- Balcilar, M., Ozdemir, Z. A., & Arslanturk, Y. (2010). Economic growth and energy consumption causal nexus viewed through a bootstrap rolling window. Energy Economics, 32(6), 1398–1410. https://doi.org/10.1016/j.eneco.2010.05.015
- Brahmbhatt, J., & Menezes, R. (2013). On the relation between tourism and trade: A network experiment. 2nd Network Science Workshop (NSW), 74–81. Piscataway, New Jersey: IEEE.
- Central Bank of the Republic of Turkey (TCMB). (2014). Electronic Data Delivery System (EVDS). Retrieved December 14, 2014, from https://evds2.tcmb.gov.tr/index.php?
- Chaisumpunsakul, W., & Pholphirul, P. (2018). Does international trade promote international tourism demand? Evidence from Thailand’s trading partners. Kasetsart Journal of Social Sciences, 39(3), 393–400. https://doi.org/10.1016/j.kjss.2017.06.007
- Egeli, H. A. (1997). Türk turizminin dış ticaret ve sektörlerarası bağlantıları açısından değerlendirilmesi. Ankara Üniversitesi SBF Dergisi, 52(1), 1. https://doi.org/10.1501/SBFder_0000002001
- Fischer, C., & Gil-Alana, L. A. (2009). The nature of the relationship between international tourism and international trade: the case of German imports of Spanish wine. Applied Economics, 41(11), 1345–1359. https://doi.org/10.1080/00036840601019349
- Gautam, V., & Kg, S. (2012). An Empirical Investigation About Relationship Between International Trade And Tourist Arrival: Evidence From India. Business Excellence and Management, 2(3), 53–62.
- Gray, H. P. (1970). International travel-international trade. Lexington: Heath Lexington Books.
- Gül, H., & Özer, M. (2018). Frequency domain causality analysis of tourism and economic activity in Turkey. European Journal of Тourism Research, 19, 86–97. Retrieved from http://ejtr.vumk.eu/index.php/volume1/573-v19rp86
- Hacker, R. S., & Hatemi-J, A. (2006). Tests for causality between integrated variables using asymptotic and bootstrap distributions: theory and application. Applied Economics, 38(13), 1489–1500. https://doi.org/10.1080/00036840500405763
- Hanafiah, M., Hafiz, M., Harun, M. F., & Jamaluddin, M. R. (2011). Trade and Tourism Demand : A Case of Malaysia. International Conference on Business and Economics Research, 1, 1–4. Kuala Lumpur, Malaysia: IACSIT Press.
- Kadir, N., & Jusoff, K. (2010). The Cointegration and Causality Tests for Tourism and Trade in Malaysia. International Journal of
Economics and Finance, 2(1). https://doi.org/10.5539/ijef.v2n1p138
- Kg, S., Gautam, V., & Kumar, M. (2011). Analysing the relationships among tourism, trade, and economic growth in Indian perspective. Journal of International Busieness and Economy, 12(1), 1–11.
- Khan, H., & Lin, C. C. (2002). International trade and tourism: Evidence from cointegration and causality tests by using Singapore data. The 33rd Annual Conference of Travel and Tourism Association (TTRA), 6, 23–26.
- Khan, H., Phang, S. –., & Toh, R. S. (1995). The multiplier effect Singapore’s hospitality industry. The Cornell Hotel and Restaurant Administration Quarterly, 36(1), 64–69. https://doi.org/10.1016/S0010-8804(99)80060-3
- Khan, H., Toh, R. S., & Chua, L. (2005). Tourism and Trade: Cointegration and Granger Causality Tests. Journal of Travel Research, 44(2), 171–176. https://doi.org/10.1177/0047287505276607
- Kulendran, N., & Wilson, K. (2000). Is there a relationship between international trade and international travel? Applied Economics, 32(8), 1001–1009. https://doi.org/10.1080/000368400322057
- Majewska, J., & Minska-Struzik, E. (2012). In search of the relationship between international tourism and trade: evidence from Poland. ETSG 2012 Leuven: Fourteenth Annual Conference, 1–26. Retrieved from https://www.etsg.org/ETSG2012/Programme/Papers/447.pdf
- Massidda, C., & Mattana, P. (2013). A SVECM Analysis of the Relationship between International Tourism Arrivals, GDP and Trade in Italy. Journal of Travel Research, 52(1), 93–105. https://doi.org/10.1177/0047287512457262
- Nyakabawo, W., Miller, S. M., Balcilar, M., Das, S., & Gupta, R. (2015). Temporal causality between house prices and output in the US: A bootstrap rolling-window approach. The North American Journal of Economics and Finance, 33, 55–73. https://doi.org/10.1016/j.najef.2015.03.001
- Oigenblick, L., & Kirschenbaum, A. (2002). Tourism and immigration: Comparing alternative approaches. Annals of Tourism Research, 29(4), 1086–1100. https://doi.org/10.1016/S0160-7383(02)00023-3
- Özer, M. (2015). Can Turkey be a good example for the Balkan Nations? The story of illusion of well-being! In X. Richet, H. Hanic, & Z. Grubisic (Eds.), New Economic Policy Reforms (pp. 15–58). Belgrade: Belgrade Banking Academy.
- Polat, E., Türkan, S., & Günay, S. (2010). Relationship between tourism and trade in Turkey. International Conference On Applied Economics, 591–596. Athens: Department of Economic Sciences, National and Kapodistrian University of Athens.
- Santana-Gallego, M., Ledesma-Rodríguez, F. J., & Pérez-Rodríguez, J. V. (2016). International trade and tourism flows: An extension of the gravity model. Economic Modelling, 52, 1026–1033. https://doi.org/10.1016/j.econmod.2015.10.043
- Santana-Gallego, M., Ledesma-Rodríguez, F., & Pérez-Rodríguez, J. V. (2011). Tourism and trade in OECD countries. A dynamic heterogeneous panel data analysis. Empirical Economics, 41(2), 533–554. https://doi.org/10.1007/s00181-011-0477-9
- Sarmidi, T., & Mohd Salleh, N. H. (2011). Dynamic inter-relationship between trade, economic growth and tourism in Malaysia. International Journal of Economics and Management, 5(1), 38–52.
- Seyidoğlu, H. (2007). Uluslarası iktisat-teori, politika ve uygulama. İstanbul: Güzem Can Yayınları.
- Shan, J., & Wilson, K. (2001). Causality between trade and tourism: empirical evidence from China. Applied Economics Letters, 8(4), 279–283. https://doi.org/10.1080/135048501750104114
- Socher, K. (1986). Tourism in the theory of international trade and payments. The Tourist Review, 41(3), 24–26. https://doi.org/10.1108/eb057953
- Suleiman, N. N., & Albiman, M. M. (2014). Dynamic relationship between tourism, trade, infrastructure and economic growth: Empirical evidence From Malaysia. Journal of African Studies and Development, 6(3), 49–55. https://doi.org/10.5897/JASD2013.0260
- Tang, S., Selvanathan, E. A., & Selvanathan, S. (2007). The Relationship between Foreign Direct Investment and Tourism: Empirical Evidence from China. Tourism Economics, 13(1), 25–39. https://doi.org/10.5367/000000007779784498
- Toda, H. Y., & Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics, 66(1–2), 225–250. https://doi.org/10.1016/0304-4076(94)01616-8
- Turkish Statistics Institute. (2014). Retrieved December 14, 2014, from http://www.tuik.gov.tr/
- Turner, L. W., & Witt, S. F. (2001). Factors Influencing Demand for International Tourism: Tourism Demand Analysis Using Structural Equation Modelling, Revisited. Tourism Economics, 7(1), 21–38. https://doi.org/10.5367/000000001101297711
- Vellas, F., & Bécherel, L. (1995). International Tourism: An Economic Perspective. Basingstoke, UK: Macmillan.
- World Tourism Organization UNWTO. (2014). UNWTO Tourism Highlights, 2014 Edition. https://doi.org/10.18111/9789284416226