A REEXAMINATION OF THE TOURISM-LED GROWTH HYPOTHESIS UNDER GROWTH AND TOURISM UNCERTAINTIES IN TURKEY
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 8
Abstract
As a part of international trade, tourism is considered as an important source of economic growth, especially for developing countries. Tourism is one of the major sources of export for the Turkish economy since the early 1980s. In this study, the tourism-led growth hypothesis has been tested for Turkey over the period 1992:Q1 - 2014Q1, employing structural break unit root tests, cointegration analysis and VECM based Granger causality analysis, including the growth and tourism uncertainties derived from GARCH models. Basic findings of the VECM Granger causality tests support the reciprocal causal hypothesis. Also, both the volatilities of tourism receipts and economic growth are Granger causes of tourism growth and economic growth in long-run as well as in short-run.
Authors and Affiliations
İnci Oya Coşkun, Ph. D. | Corresponding Author Asst. Prof., Anadolu University Faculty of Tourism 26470 Eskisehir TURKEY ioyazicilar@anadolu.edu.tr, Mustafa Özer, Ph. D. | Prof., Anadolu University Faculty of Economics and Administrative Sciences 26470 Eskisehir TURKEY muozer@anadolu.edu.tr
Keywords
Related Articles
- EP ID EP10514
- DOI -
- Views 305
- Downloads 14
THE DEGREE OF APPLYING THE CRITERIA OF THE COMPREHENSIVE QUALITY MANAGEMENT IN AL-RIYADH SCHOOLS FROM THE PERSPECTIVE OF THEIR PRINCIPALS
This study aims at investigating the degree of applying the criteria of the comprehensive quality management in Al –Riyadh schools in the Kingdom of Saudi Arabia, from the perspectives of their principals. In order...
HUMAN RIGHT IN CONFRONTATION WITH STATE IMMUNITY
Human right is not only a political and moral concept but also a legal one. The origins and applicability of international law has been examined more and more by those who seek redress for historic human right violati...
Medium Of Instruction Policy In Malaysia: The Fishman’s Model
The aim of this study is to examine the development and the implementation of Malay medium policy in the Malaysia Education System, and it’s relation to Fishman’s model and multilingual society. This study using i...
NETWORKING: A PREREQUISITE FOR SOCIO VALUE CREATION OF NGOS IN SOUTHWESTERN NIGERIA
The study examined impact of networking on healthcare service delivery of selected NGOs in southwestern Nigeria, most especially their ability to collaborate effectively in order to cocreate significant social and econ...
THE EFFECTS OF AVAILABILITY OF FUNDS ON INCOME GENERATION ACTIVITIES BY CIVIL SOCIETY ORGANIZATIONS IN KENYA
Civil society organizations in Kenya have not significantly initiated income generation to support the programs with an objective of creating financial sustainability. However, majority of civil society organizations...