Purpose- Tourism is
an important sector for countries across the world which develops the fastests
and contributes to country's economy. The countries in the tourism market are
in a serious competition due to its contribution to the economic development.
Therefore are countries increasing their international competitiveness by the
price and cost advantage of the touristic products they offer in order to
obtain a greater share of the international tourism market.
Methodology- In the
study are the effects of the price and cost advantages on the tourism incomes
determined by utilizing the data of 31 European stakeholder countries in the
tourism sector for 2000-2014. The harmonized index of consumer prices,
representing the price and cost advantage and established by the European
Commission’s (EC) Economic and Financial Affairs Council (ECOFIN) with 5
indicators based on the real effective Exchange rate, and the unit labour cost
series are utilized.
Findings- The
co-integration and causality relation between these series and the tourism
income series of the current period are examined by the Kao (1999) panel
co-integration and the Dumitrescu and Hurlin (2012) panel causality analysis.
Conclusion- As a result
of the conducted analysis, it is determined that there is a co-integration
between the price-cost advantage and the tourism revenues, and that the
price-cost advantage is a statistically meaningful reason for the tourism
revenues.
Bölüm | Articles |
---|---|
Yazarlar | |
Yayımlanma Tarihi | 30 Mart 2017 |
Yayımlandığı Sayı | Yıl 2017 |
Journal of Business, Economics and Finance (JBEF) is a scientific, academic, double blind peer-reviewed, quarterly and open-access journal. The publication language is English. The journal publishes four issues a year. The issuing months are March, June, September and December. The journal aims to provide a research source for all practitioners, policy makers and researchers working in the areas of business, economics and finance. The Editor of JBEF invites all manuscripts that that cover theoretical and/or applied researches on topics related to the interest areas of the Journal. JBEF charges no submission or publication fee.
Ethics
Policy - JBEF applies the standards of
Committee on Publication Ethics (COPE). JBEF is committed to the academic
community ensuring ethics and quality of manuscripts in publications.
Plagiarism is strictly forbidden and the manuscripts found to be plagiarized
will not be accepted or if published will be removed from the publication. Authors
must certify that their manuscripts are their original work. Plagiarism,
duplicate, data fabrication and redundant publications are forbidden. The
manuscripts are subject to plagiarism check by iThenticate or similar. All manuscript submissions must provide a similarity report (up to 15% excluding quotes, bibliography, abstract, method).
Open Access - All research articles published in PressAcademia Journals are fully open access; immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Open access is a property of individual works, not necessarily journals or publishers. Community standards, rather than copyright law, will continue to provide the mechanism for enforcement of proper attribution and responsible use of the published work, as they do now.