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An Ardl Model Of Aggregate Tourism Demand For Turkey

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  • Ferda Halicioglu

    (The University of Greenwich, London)

Abstract

This study empirically examines aggregate tourism demand function for Turkey using the time series data for the period 1960-2002. The total tourist arrivals into Turkey are related to world income, relative prices and transportation cost. We employ bounds testing cointegration procedure proposed by Pesaran et al. (2001) to compute the short and long-run elasticities of income, price, and transportation cost variables. We also implement CUSUM and CUSUMSQ stability tests on the aggregate tourism demand function. The empirical results indicate that income is the most significant variable in explaining the total tourist arrivals to Turkey and there exists a stable tourism demand function.

Suggested Citation

  • Ferda Halicioglu, 2005. "An Ardl Model Of Aggregate Tourism Demand For Turkey," International Trade 0503005, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpit:0503005
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    Cited by:

    1. Ferda Halicioglu, 2010. "An Econometric Analysis of the Aggregate Outbound Tourism Demand of Turkey," Tourism Economics, , vol. 16(1), pages 83-97, March.
    2. Aslan, Alper, 2008. "Türkiye’de Ekonomik Büyüme ve Turizm İlişkisi Üzerine Ekonometrik Analiz," MPRA Paper 10611, University Library of Munich, Germany.

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    JEL classification:

    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business

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