IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v17y2011i4p917-924.html
   My bibliography  Save this article

Research Note: Re-Examining the Tourism-Led Growth Hypothesis for Turkey

Author

Listed:
  • Jamal Husein
  • S. Murat Kara

Abstract

Since the 1980s, Turkey has given priority to the advancement and expansion of its tourism industry as part of achieving economic growth and development. This study empirically re-examines the possible causal relationships among tourism receipts, real exchange rate and economic growth by using annual data (1964–2006). Johansen multivariate cointegration analysis reveals the existence of a ‘stable’ and significant long-run equilibrium relationship among real GDP, tourism receipts and real exchange rate (RER). Granger causality tests based on the error correction model indicate a unidirectional causality from tourism receipts and RER to real GDP.

Suggested Citation

  • Jamal Husein & S. Murat Kara, 2011. "Research Note: Re-Examining the Tourism-Led Growth Hypothesis for Turkey," Tourism Economics, , vol. 17(4), pages 917-924, August.
    • Handle: RePEc:sae:toueco:v:17:y:2011:i:4:p:917-924
    DOI: 10.5367/te.2011.0069
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5367/te.2011.0069
    Download Restriction: no
    File URL: https://libkey.io/10.5367/te.2011.0069?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lütkepohl,Helmut & Krätzig,Markus (ed.), 2004. "Applied Time Series Econometrics," Cambridge Books, Cambridge University Press, number 9780521547871, November.
    2. Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501.
    3. Lokman Gunduz & Abdulnasser Hatemi-J, 2005. "Is the tourism-led growth hypothesis valid for Turkey?," Applied Economics Letters, Taylor & Francis Journals, vol. 12(8), pages 499-504.
    4. Lütkepohl,Helmut & Krätzig,Markus (ed.), 2004. "Applied Time Series Econometrics," Cambridge Books, Cambridge University Press, number 9780521839198, November.
    5. Bruggeman, Annick & Donati, Paola & Warne, Anders, 2003. "Is the demand for euro area M3 stable?," Working Paper Series 255, European Central Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chien-Ming Wang & Tsung-Pao Wu, 2022. "Does tourism promote or reduce environmental pollution? Evidence from major tourist arrival countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(3), pages 3334-3355, March.
    2. Chien-Ming Wang & Su-Lan Pan & Alastair M. Morrison & Tsung-Pao Wu, 2022. "The dynamic linkages among outbound tourism, economic growth, and international trade: empirical evidence from China," SN Business & Economics, Springer, vol. 2(11), pages 1-18, November.
    3. Naqib Ullah Khan & Wajid Alim & Abida Begum & Heesup Han & Abdullah Mohamed, 2022. "Examining Factors That Influence the International Tourism in Pakistan and Its Nexus with Economic Growth: Evidence from ARDL Approach," Sustainability, MDPI, vol. 14(15), pages 1-15, August.
    4. Bart Neuts, 2020. "Tourism and urban economic growth: A panel analysis of German cities," Tourism Economics, , vol. 26(3), pages 519-527, May.
    5. Brida, Juan Gabriel & Pereyra, Juan Sebastián & Such, María Jesús & Pulina, Manuela, 2011. "Causalidad entre turismo y crecimiento económico de largo plazo: una revisión crítica de la literatura econométrica [Causality between tourism and long-term economic growth: a critical review of th," MPRA Paper 37332, University Library of Munich, Germany, revised 2011.
    6. Rita De Siano & Rosaria Rita Canale, 2024. "The role of tourism in European regions’ economic recovery: A spatial perspective," Tourism Economics, , vol. 30(8), pages 2021-2042, December.
    7. José Alberto Fuinhas & Matheus Belucio & Daniela Castilho & Joana Mateus & Rafaela Caetano, 2020. "Tourism and Economic Growth Nexus in Latin America and Caribbean Countries: Evidence from an Autoregressive Distributed Lag Panel," Academica Turistica - Tourism and Innovation Journal, University of Primorska Press, vol. 13(1), pages 21-34.
    8. Alper Aslan, 2015. "The sustainability of tourism income on economic growth: does education matter?," Quality & Quantity: International Journal of Methodology, Springer, vol. 49(5), pages 2097-2106, September.
    9. José Alberto Fuinhas & Matheus Belucio & Daniela Castilho & Joana Mateus & Rafaela Caetano, 2020. "Tourism and Economic Growth Nexus in Latin America and Caribbean Countries: Evidence from an Autoregressive Distributed Lag Panel," Academica Turistica - Tourism and Innovation Journal, University of Primorska Press, vol. 13(1), pages 21-34.
    10. Nino Fonseca & Marcelino Sánchez-Rivero, 2020. "Significance bias in the tourism-led growth literature," Tourism Economics, , vol. 26(1), pages 137-154, February.
    11. Jun Zhang & Li Cheng, 2019. "Threshold Effect of Tourism Development on Economic Growth Following a Disaster Shock: Evidence from the Wenchuan Earthquake, P.R. China," Sustainability, MDPI, vol. 11(2), pages 1-22, January.
    12. Eda FENDOGLU & Esra CANPOLAT GOKCE, 2019. "Türkiye’nin Turizm Geliri Serisinin Durağanlığı: Fourier KPSS Durağanlık Test," EKOIST Journal of Econometrics and Statistics, Istanbul University, Faculty of Economics, vol. 31(0), pages 17-28, December.
    13. Herman Sahni & Christian Nsiah & Bichaka Fayissa, 2021. "The African economic growth experience and tourism receipts: A threshold analysis and quantile regression approach," Tourism Economics, , vol. 27(5), pages 915-932, August.
    14. Gulsum Akarsu, 2023. "Interrelationships between Tourist Arrivals, Exchange Rate, Inflation, and Economic Growth: Empirical Evidence for Turkiye," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 9(1), pages 49-76, June.
    15. Festus Fatai Adedoyin & Naila Erum & Festus Victor Bekun, 2022. "How does institutional quality moderates the impact of tourism on economic growth? Startling evidence from high earners and tourism-dependent economies," Tourism Economics, , vol. 28(5), pages 1311-1332, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ralf Brüggemann & Helmut Lütkepohl, 2006. "A small monetary system for the euro area based on German data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(6), pages 683-702, September.
    2. Christian Dreger & Jürgen Wolters, 2006. "Investigating M3 Money Demand in the Euro Area: New Evidence Based on Standard Models," Discussion Papers of DIW Berlin 561, DIW Berlin, German Institute for Economic Research.
    3. Dreger, Christian & Wolters, Jürgen, 2010. "Investigating M3 money demand in the euro area," Journal of International Money and Finance, Elsevier, vol. 29(1), pages 111-122, February.
    4. Bernstein, Ronald & Madlener, Reinhard, 2015. "Short- and long-run electricity demand elasticities at the subsectoral level: A cointegration analysis for German manufacturing industries," Energy Economics, Elsevier, vol. 48(C), pages 178-187.
    5. Bonga-Bonga, Lumengo & Kabundi, Alain, 2015. "Monetary Policy Instrument and Inflation in South Africa: Structural Vector Error Correction Model Approach," MPRA Paper 63731, University Library of Munich, Germany.
    6. Theodore Panagiotidis & Panagiotis Printzis, 2016. "On the macroeconomic determinants of the housing market in Greece: a VECM approach," International Economics and Economic Policy, Springer, vol. 13(3), pages 387-409, July.
    7. Helmut Lütkepohl, 2013. "Vector autoregressive models," Chapters, in: Nigar Hashimzade & Michael A. Thornton (ed.), Handbook of Research Methods and Applications in Empirical Macroeconomics, chapter 6, pages 139-164, Edward Elgar Publishing.
    8. Lumengo Bonga-Bonga, 2017. "Assessing the Effectiveness of the Monetary Policy Instrument during the Inflation Targeting Period in South Africa," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 706-713.
    9. Carlo V. FIORIO & Simon MOHUN & Roberto VENEZIANI, 2013. "Social Democracy and Distributive Conflict in the UK, 1950-2010," Departmental Working Papers 2013-09, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, revised 16 May 2013.
    10. Elena Argentesi & Helmut Lütkepohl & Massimo Motta, 2010. "Acquisition of Information and Share Prices: An Empirical Investigation of Cognitive Dissonance," German Economic Review, Verein für Socialpolitik, vol. 11(3), pages 381-396, August.
    11. Igor Velickovski & Daniela Mamuchevska, 2019. "Interest Rate Pass-Through in Three EU Candidate Countries: The Case of Albania, North Macedonia and Serbia," Issues in Economics and Business, Macrothink Institute, vol. 5(2), pages 37-54, December.
    12. Carsten Trenkler & Pentti Saikkonen & Helmut Lütkepohl, 2008. "Testing for the Cointegrating Rank of a VAR Process with Level Shift and Trend Break," Journal of Time Series Analysis, Wiley Blackwell, vol. 29(2), pages 331-358, March.
    13. repec:bla:germec:v:11:y:2010:i::p:381-396 is not listed on IDEAS
    14. repec:kap:iaecre:v:14:y:2008:i:1:p:36-47 is not listed on IDEAS
    15. López Cabrera, Brenda & Schulz, Franziska, 2016. "Volatility linkages between energy and agricultural commodity prices," Energy Economics, Elsevier, vol. 54(C), pages 190-203.
    16. Sapkota, Niranjan & Grobys, Klaus, 2021. "Asset market equilibria in cryptocurrency markets: Evidence from a study of privacy and non-privacy coins," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
    17. Alessandro Girardi & Paolo Paesani, 2008. "The Transfer Problem in the Euro Area," Open Economies Review, Springer, vol. 19(4), pages 517-537, September.
    18. Afsin Sahin, 2019. "Loom of Symmetric Pass-Through," Economies, MDPI, vol. 7(1), pages 1-25, February.
    19. Mark J. Holmes & Theodore Panagiotidis & Abhijit Sharma, 2007. "The Sustainability of India's current account (1950-2003): Evidence from parametric and non-parametric unit root and cointegration tests," Working Paper series 41_07, Rimini Centre for Economic Analysis.
    20. Fahmida Khatun & Syed Yusuf Saadat & Md. Kamruzzaman, 2019. "FINANCE FOR SDGs: Addressing Governance Challenge of Aid Utilisation in Bangladesh," CPD Working Paper 125, Centre for Policy Dialogue (CPD).
    21. Aaron Mehrotra, 2008. "Demand for Money in Transition: Evidence from China’s Disinflation," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 14(1), pages 36-47, February.
    22. Luigi Marattin & Simone Salotti, 2014. "Consumption multipliers of different types of public spending: a structural vector error correction analysis for the UK," Empirical Economics, Springer, vol. 46(4), pages 1197-1220, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:toueco:v:17:y:2011:i:4:p:917-924. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.