THE CONTRIBUTION OF TOURISM TO THE LONG-RUN TURKISH ECONOMIC GROWTH

• Authors: Ongan Serdar , Demiröz Dundar M.
• Languages of publication: EN

Abstracts

EN

This paper empirically investigates the impact of international tourism receipts on the long-run economic growth of Turkey. For this purpose, tourism-led growth hypothesis is tested by using co-integration and Granger causality testing. The causal relationship between international tourism receipts and GDP is examined for the period 1980Q1-2004Q2. Johansen technique is used and vector error correction modelling (VECM) is incorporated into the Granger causality tests. The empirical results suggest that there are bidirectional causal relationships between the two variables in both the short and the long-run. In other words, it can be said that economic growth contributes to the development of tourism while tourism contributes to the economic growth.

Keywords

EN

CO-INTEGRATION; GRANGER CAUSALITY; TOURISM-LED GROWTH HYPOTHESIS; TURKEY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2005
• Volume: 53
• Issue: 9
• Pages: 880-894
• Document type: ARTICLE

Contributors

author

Ongan Serdar

author

Demiröz Dundar M.

• S. Ongan, Ústav slovenskej a svetovej ekonomiky SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

06SKAAAA00992297