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Journals / Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2021 / Cilt: 8 - Sayı: 1

THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST

AKDENİZ ÜLKELERİNDE TURİZMİN EKONOMİK BÜYÜMEYE ETKİSİ: SAKLI PANEL EŞBÜTÜNLEŞME TESTİNDEN KANITLAR

Murat BELKE
Süleyman BOLAT
Abdulnasser HATEMİ-J
Pages
399–419
Publication Date
2021-03-26
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The impact of an increase in tourism on economic growth is stronger in the absolute terms compared to the impact of a corresponding decrease in tourism on growth.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The effect of tourism on economic growth is capturing the attention of researchers and policy makers worldwide.
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Key Findings & Data:Many countries, both developed and developing ones, are systematically putting forward crucial strategies in order to promote their tourism industry with the main goal of achieving enhanced economic growth.
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Conclusion & Impact:The impact of an increase in tourism on economic growth is stronger in the absolute terms compared to the impact of a corresponding decrease in tourism on growth.
🔬Design:Research Article
📍Scope:2017 Verileri
⚙️Variables:Turizm · Ekonomik Büyüme · Akdeniz Ülkeleri

Abstract

The effect of tourism on economic growth is capturing the attention of researchers and policy makers worldwide. Many countries, both developed and developing ones, are systematically putting forward crucial strategies in order to promote their tourism industry with the main goal of achieving enhanced economic growth. Our main objective is to test for the potential asymmetric interaction between economic growth and tourism for a panel consisting of fourteen Mediterranean countries that covers the sample period 1995-2017 using hidden panel cointegration and asymmetric panel causality tests as developed by Hatemi-J (2020a; 2020b). Our empirical investigations indicate that there are indeed asymmetric impacts within our panel system. The impact of an increase in tourism on economic growth is stronger in the absolute terms compared to the impact of a corresponding decrease in tourism on growth.

Özet

Turizmin ekonomik büyüme üzerindeki etkisi, dünya çapında araştırmacıların ve politika yapıcıların dikkatini çekmektedir. Hem gelişmiş hem de gelişmekte olan birçok ülke, temel amacı olan ekonomik büyümeyi arttırmak amacıyla turizm endüstrisini geliştirmek için sistematik olarak önemli stratejiler ortaya koymaktadır. Bu çalışmanın temel amacı, Hatemi-J (2020a, 2020b) tarafından geliştirilen saklı panel eşbütünleşme ve asimetrik panel nedensellik testlerini kullanarak 1995-2017 örneklem dönemini kapsayan on dört Akdeniz ülkesinden oluşan bir panel için ekonomik büyüme ve turizm arasındaki potansiyel asimetrik etkileşimini test etmektir. Ampirik bulgular, panel sistemimizde gerçekten asimetrik etkiler olduğunu göstermektedir. Turizmdeki gelişmenin ekonomik büyüme üzerindeki etkisi, turizmdeki buna karşılık gelen düşüşün büyüme üzerindeki etkisine kıyasla mutlak olarak daha güçlüdür.

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Cite This Article

BELKE, M., BOLAT, S., HATEMİ-J, A. (2021). THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 8 - Sayı: 1, 399–419. https://ajindex.com/articles/116209

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