Empirical Analysis of the Relationship between Tourist Flows and Exchange Rate Volatility: ARDL Method
Journal Title: Uluslararası Ekonomi ve Yenilik Dergisi - Year 2017, Vol 3, Issue 1
Abstract
Tourism revenues in Turkey have an important place in the national product. Therefore, increasing tourists flows to increase output can have a positive effect. This paper examines the effects of exchange rate volatility on tourist flows into Turkey for the period of 2003:Q1-2016:Q1. In this paper, it will be investigated whether the exchange rate volatilities are related to long-term co-integration with tourist flows using ARDL method. As a result of this research, long-term co-integration relation was determined between the related variables. The error correction coefficient in the study is -0.0982.
Authors and Affiliations
Eren Ergen, Ersin Yavuz
Keywords
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