Economic impact of tourism on turkey's economy: Evidence from cointegration tests

International Research Journal of Finance and Economics

Volumn 1, Issue 25, 2009, Pages 231-239

  Zortuk, Mahmut ^a  

^a DUMLUPINAR UNIVERSITY   (Turkey)

Author keywords

Gross domestic product; Tourism; VECM; Wald test

Indexed keywords

EID: 67649115031     PISSN: 14502887     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (21)

1. Aslan, A. 2008 "Türkiye'de Ekonomik Büyüme ve Turizm Ilis§kisi Uzerine Ekonometrik Analiz" (http://mpra.ub.uni-muenchen.de/ 10611/)
2. Balaguer, J., &Cantavella-Jorda, M., 2002, "Tourism as a long-run economic growth factor: The Spanish case", Applied Economics, 34, 877-884.
3. C.-C. Leea, C.-P. Changb, 2008, "Tourism development and economic growth: A closer look at panels", Tourism Management, 29,180-192.
4. Dickey, D. A. and Fuller, W. A., 1979, "Distribution of the estimators for autoregressive time series with a unit root", Journal of the American Statistical Association, 74, 427-31.
5. Dickey, D. A. and Fuller, W. A., 1981, "Likelihood ratio statistics for autoregressive time series with a unit root, Econometrica, 49, 1057-72.
6. Dritsakis, N., 2004, "Tourism as a long-run economic growth factor: An empirical investigation for Greece using a causality analysis". Tourism Economics, 10, 305-316.
7. Durbarry, R., 2004, "Tourism and economic growth: The case of Mauritius". Tourism Economics, 10, 389-401.
8. Engle, R. F. and Granger, C. W. J., 1987, "Cointegration and error correction: representation, estimation, and testing", Econometrica, 2, 251-76.
9. Eugenio-Marti'n, J. L., &Morales, N. M., 2004, "Tourism and economic growth in Latin American countries: A panel data approach". Social Science Research Network Electronic Paper.
10. Gunduz, L.,ve Hatemi-J,A.,2005, "Is the tourism-led growth hypothesis valid for Turkey?", Applied Economics Letters, 12(8), 499-504.
11. Johansen, S., 1988, "Statistical analysis of cointegrating vectors", Journal of Economic Dynamics and Control, 12, 231-54.
12. Johansen, S. and Juselius, K., 1990, "Maximum likelihood estimation and inference on cointegration-with applications to the demand for money", Oxford Bulletin of Economics and Statistics, 52, 169-210.
13. Kasman A., Kasman S. K., 2004, "Cointegration and causality between tourism revenues and economic growth", Iktisat Işletme ve Finans,19- 220, 122-131
14. Phillips, P. and Perron, P., 1988, "Testing for a unit root in time series regression", Biometrica, 75, 333-46.
15. Oh, C. O., 2005, "The contribution of tourism development to economic growth in the Korean economy", Tourism Management, 26, 39-44.
16. Uysal, M. and Crompton, J. L., 1984, "Determinants of demand for international tourist flows to Turkey", Tourism Management, 5, 288-97.
17. Yavuz N., 2006 "Türkiye'de Turizm Gelirlerinin Ekonomik Büyümeye Etkisinin Testi: Yapisal Kirilma ve Nedensellik Analizi", Journal of Doǧus University, 7 (2), 162-171.
18. Yildirim, J. ve Öcal, N., 2004 "Tourism and Economic Growth in Turkey", Ekonomik Yaklasim, 15 (52-53), 131-141.
19. www.tursab.org. (The Association of Turkish Travel Agencies)
20. www.kultur.org.tr (The Ministry of Tourism of Turkey)
21. www.imfstatistics.org (International Financial Statistic)