On the Causality Between Tourism Growth and Economic Growth: Empirical Evidence from Turkey
<p>This study investigates the long-run relationshipbetween the real GDP and internationaltourism in Turkey during the time period 1987-2007.For this purpose, tourism-led growth hypothesis(TLG) is tested by using two different methods:a vector error correction model (VEC) and anautoregressive...
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| Format: | Article |
| Language: | English |
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Babes-Bolyai University, Cluj-Napoca
2009-02-01
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| Series: | Transylvanian Review of Administrative Sciences |
| Online Access: | https://rtsa.ro/tras/index.php/tras/article/view/193 |
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| _version_ | 1839641070901657600 |
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| author | Ilhan OZTURK Ali ACARAVCI |
| author_facet | Ilhan OZTURK Ali ACARAVCI |
| author_sort | Ilhan OZTURK |
| collection | DOAJ |
| description | <p>This study investigates the long-run relationshipbetween the real GDP and internationaltourism in Turkey during the time period 1987-2007.For this purpose, tourism-led growth hypothesis(TLG) is tested by using two different methods:a vector error correction model (VEC) and anautoregressive distributed lag model (ARDL).The results of the Johansen cointegration test aswell as of the ARDL bound test show that thereis no unique long-term or equilibrium relationshipbetween the real GDP and international tourism.Therefore, the TLG hypothesis cannot be inferredfor the Turkish economy because no cointegrationexists between international tourism and the realGDP. Moreover, Granger causality test and errorcorrection model cannot be run any further in thelong-term period.</p> |
| format | Article |
| id | doaj-art-df964cb7b58c4fcea545362c8bc87323 |
| institution | Matheson Library |
| issn | 1842-2845 |
| language | English |
| publishDate | 2009-02-01 |
| publisher | Babes-Bolyai University, Cluj-Napoca |
| record_format | Article |
| series | Transylvanian Review of Administrative Sciences |
| spelling | doaj-art-df964cb7b58c4fcea545362c8bc873232025-07-03T07:31:28ZengBabes-Bolyai University, Cluj-NapocaTransylvanian Review of Administrative Sciences1842-28452009-02-015257381209On the Causality Between Tourism Growth and Economic Growth: Empirical Evidence from TurkeyIlhan OZTURK0Ali ACARAVCI1Assistant Professor, Faculty of Economics and Administrative Sciences, Cag University, Mersin, TurkeyAssistant Professor, Department of Economics, Mustafa Kemal University, Hatay, Turkey<p>This study investigates the long-run relationshipbetween the real GDP and internationaltourism in Turkey during the time period 1987-2007.For this purpose, tourism-led growth hypothesis(TLG) is tested by using two different methods:a vector error correction model (VEC) and anautoregressive distributed lag model (ARDL).The results of the Johansen cointegration test aswell as of the ARDL bound test show that thereis no unique long-term or equilibrium relationshipbetween the real GDP and international tourism.Therefore, the TLG hypothesis cannot be inferredfor the Turkish economy because no cointegrationexists between international tourism and the realGDP. Moreover, Granger causality test and errorcorrection model cannot be run any further in thelong-term period.</p>https://rtsa.ro/tras/index.php/tras/article/view/193 |
| spellingShingle | Ilhan OZTURK Ali ACARAVCI On the Causality Between Tourism Growth and Economic Growth: Empirical Evidence from Turkey Transylvanian Review of Administrative Sciences |
| title | On the Causality Between Tourism Growth and Economic Growth: Empirical Evidence from Turkey |
| title_full | On the Causality Between Tourism Growth and Economic Growth: Empirical Evidence from Turkey |
| title_fullStr | On the Causality Between Tourism Growth and Economic Growth: Empirical Evidence from Turkey |
| title_full_unstemmed | On the Causality Between Tourism Growth and Economic Growth: Empirical Evidence from Turkey |
| title_short | On the Causality Between Tourism Growth and Economic Growth: Empirical Evidence from Turkey |
| title_sort | on the causality between tourism growth and economic growth empirical evidence from turkey |
| url | https://rtsa.ro/tras/index.php/tras/article/view/193 |
| work_keys_str_mv | AT ilhanozturk onthecausalitybetweentourismgrowthandeconomicgrowthempiricalevidencefromturkey AT aliacaravci onthecausalitybetweentourismgrowthandeconomicgrowthempiricalevidencefromturkey |