Yıl 2019, Cilt , Sayı 22, Sayfalar 65 - 76 2019-01-01

CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM
CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM

Elma SATROVIC [1] , Adnan MUSLIJA [2]


This paper applies panel data regression model to investigate the relationship between foreign direct investment (FDI) and tourism in 113 countries during the period 1995-2015. Besides this, the paper attempts to research the potential causal relationship and cointegration between tourism industry and FDI while controlling for indicators such as consumption, trade openness and human capital. The obtained results indicate a significant positive impact of tourism on FDI.  Moreover, three control variables are reported to be a significant determinant of foreign direct investments. The unidirectional causal relationship running from tourism to FDI is reported, implying that tourism allows these countries to expand their FDI. Consumption, trade openness and human capital are also reported to have a unidirectional causal relationship with FDI. Westerlund ECM panel cointegration test indicates mixed results on the cointegration between variables. Taking into account the obtained results, government can consider this relationship as an important tool for policy implication to achieve sustainable growth of the economy as well. 
Bu çalışma, 1995-2015 döneminde 113 ülkede, doğrudan yabancı yatırım (DYY) ve turizm arasındaki ilişkiyi incelemek için panel veri regresyon modeli uygulanmıştır. Bunun yanı sıra, kâğıt tüketim, ticarete açıklık ve insan sermayesi gibi göstergeleri denetlerken potansiyel nedensel ilişki ve turizm endüstrisi ile DYY arasındaki eşşizliği araştırmaya çalışmaktadır.  Elde edilen sonuçlar, turizmin doğrudan yabancı yatırımlar üzerindeki önemli(olumlu) etkisini göstermektedir. Ayrıca, üç kontrol değişkeninin doğrudan yabancı yatırımların önemli bir belirleyicisi olduğu bildirilmektedir. Turizmden DYY'ye uzanan tek yönlü nedensel ilişki rapor edilmekte, bu da turizmin bu ülkelerin DYY'lerinin gelişmesine olanak sağladığını göstermektedir. Tüketim, ticaret açıklığı ve beşeri sermayenin de DYY ile tek yönlü bir nedensel ilişkiye sahip olduğu bildirilmektedir. Westerlund ECM paneli eş-bütünleşme testi, değişkenler arasında eş-bütünleşme üzerindeki karışık sonuçları gösterir. Elde edilen sonuçları göz önünde bulundurarak, hükümet bu ilişkiyi, ekonominin sürdürülebilir büyümesini sağlamak ve politika imaları için önemli bir araç olarak değerlendirebilmektedir.
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Birincil Dil en
Konular Sosyal
Bölüm MAKALELER
Yazarlar

Yazar: Elma SATROVIC (Sorumlu Yazar)
Kurum: Faculty of Economics and Administrative Sciences, Cag University, Turkey
Ülke: Turkey


Yazar: Adnan MUSLIJA
Kurum: University of Sarajevo, Bosnia and Herzegovina

Tarihler

Yayımlanma Tarihi : 1 Ocak 2019

Bibtex @araştırma makalesi { ulikidince418132, journal = {Uluslararası İktisadi ve İdari İncelemeler Dergisi}, issn = {1307-9832}, eissn = {1307-9859}, address = {}, publisher = {Kenan ÇELİK}, year = {2019}, volume = {}, pages = {65 - 76}, doi = {10.18092/ulikidince.418132}, title = {CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM}, key = {cite}, author = {SATROVIC, Elma and MUSLIJA, Adnan} }
APA SATROVIC, E , MUSLIJA, A . (2019). CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM. Uluslararası İktisadi ve İdari İncelemeler Dergisi , (22) , 65-76 . DOI: 10.18092/ulikidince.418132
MLA SATROVIC, E , MUSLIJA, A . "CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM". Uluslararası İktisadi ve İdari İncelemeler Dergisi (2019 ): 65-76 <https://dergipark.org.tr/tr/pub/ulikidince/issue/38199/418132>
Chicago SATROVIC, E , MUSLIJA, A . "CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM". Uluslararası İktisadi ve İdari İncelemeler Dergisi (2019 ): 65-76
RIS TY - JOUR T1 - CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM AU - Elma SATROVIC , Adnan MUSLIJA Y1 - 2019 PY - 2019 N1 - doi: 10.18092/ulikidince.418132 DO - 10.18092/ulikidince.418132 T2 - Uluslararası İktisadi ve İdari İncelemeler Dergisi JF - Journal JO - JOR SP - 65 EP - 76 VL - IS - 22 SN - 1307-9832-1307-9859 M3 - doi: 10.18092/ulikidince.418132 UR - https://doi.org/10.18092/ulikidince.418132 Y2 - 2018 ER -
EndNote %0 Uluslararası İktisadi ve İdari İncelemeler Dergisi CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM %A Elma SATROVIC , Adnan MUSLIJA %T CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM %D 2019 %J Uluslararası İktisadi ve İdari İncelemeler Dergisi %P 1307-9832-1307-9859 %V %N 22 %R doi: 10.18092/ulikidince.418132 %U 10.18092/ulikidince.418132
ISNAD SATROVIC, Elma , MUSLIJA, Adnan . "CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM". Uluslararası İktisadi ve İdari İncelemeler Dergisi / 22 (Ocak 2019): 65-76 . https://doi.org/10.18092/ulikidince.418132
AMA SATROVIC E , MUSLIJA A . CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM. UİİİD. 2019; (22): 65-76.
Vancouver SATROVIC E , MUSLIJA A . CAUSALITY RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND TOURISM. Uluslararası İktisadi ve İdari İncelemeler Dergisi. 2019; (22): 76-65.


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