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Journals / Gaziantep Üniversitesi Sosyal Bilimler Dergisi / 2018 / Cilt: 17 - Sayı: 2

The Long-Run Relationship between Economic Growth and Tourism Revenue: The Case of Turkey and TRNC

Ekonomik Büyüme ile Turizm Geliri Arasındaki Uzun Dönemli İlişki: Türkiye ve KKTC Örneği

Mehmet ÇINAR
Barış ÜLKER
Pages
592–602
Publication Date
2018-04-01
DOI
—
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AI Summary & Key Takeaways

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

According to the results, for Turkey, both short and long term relationships between tourism revenues and GDP are found, and there is also a unidirectional causality relationship from tourism revenues to GDP.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Tourism-led growth hypothesis has been researched by several domestic and international studies.
📊
Key Findings & Data:In this study, the long-run relationship between tourism and economic growth for Turkey and Turkish Republic of Northern Cyprus were researched by using annual data of tourism income and GDP between 1977 and 2013, and the role and strength of tourism sector in economic growth for both countries are investigated.
💡
Conclusion & Impact:According to the results, for Turkey, both short and long term relationships between tourism revenues and GDP are found, and there is also a unidirectional causality relationship from tourism revenues to GDP.
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Ekonomik Büyüme · Turizm Gelirleri · ARDL Sınır Testi

Abstract

Tourism-led growth hypothesis has been researched by several domestic and international studies. However, there is no consensus on the results of these studies since different countries with different data and different approaches are used for each of them. In this study, the long-run relationship between tourism and economic growth for Turkey and Turkish Republic of Northern Cyprus were researched by using annual data of tourism income and GDP between 1977 and 2013, and the role and strength of tourism sector in economic growth for both countries are investigated. ARDL bounds test are used for this study. According to the results, for Turkey, both short and long term relationships between tourism revenues and GDP are found, and there is also a unidirectional causality relationship from tourism revenues to GDP. The results also indicate that tourism-led growth hypothesis is valid, and the policies targeting development of tourism sector are efficient in both short and long term for Turkey. However, when the relationship between tourism revenues and GDP for TRNC is tested, co-integration relationship cannot be found between these two variables so, we can conclude that tourism-led growth hypothesis is not valid for TRNC.

Özet

Turizm temelli büyüme hipotezi, birçok ulusal ve uluslararası araştırmada araştırılmıştır. Buna rağmen her çalışmada farklı yöntem, farklı veri yapısı ve farklı ülkeler kullanılsa da, bu çalışma sonuçlarında bir görüş birliğine varılmamaktadır. Bu çalışmada, 1977 ve 2013 yılları arasında GDP ve turizm gelirleri yıllık verileri kullanılarak Türkiye ve Kuzey Kıbrıs Türk Cumhuriyeti için ekonomik büyüme ve turizm arasındaki uzun dönem ilişkisi araştırılmaktadır. Çalışmada ARDL sınır testi kullanılmıştır. Çalışma sonuçlarına göre, Türkiye için turizm gelirleri ve GDP arasında hem kısa hem de uzun dönemde ilişki olduğu ve turizm gelirlerinden GDP’ye doğru tek yönlü bir dolaylı nedensellik sonucuna ulaşılmıştır. Sonuçlar turizm temelli büyüme hipotezini desteklemekte ve hem kısa hem de uzun dönemde turizm sektörünün gelişimini hedefleyen politikalar etkindir. Fakat KKTC için turizm geliri ve GDP arasındaki ilişki için uygulanan test, KKTC için bu iki değişken arasında uzun dönemli bir ilişki olmadığını göstermektedir. Dolayısıyla KKTC için turizm temelli büyüme hipotezinin geçerli olmadığı bulunmuştur.

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Cite This Article

ÇINAR, M., ÜLKER, B. (2018). The Long-Run Relationship between Economic Growth and Tourism Revenue: The Case of Turkey and TRNC. Gaziantep Üniversitesi Sosyal Bilimler Dergisi, Cilt: 17 - Sayı: 2, 592–602. https://ajindex.com/articles/120831

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