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Journals / Journal of Tourism Theory and Research / 2021 / Cilt: 7 - Sayı: 2

Impact of geopolitical risk on BIST tourism index and tourist arrivals in Turkey

Mehmet POLAT
Yaşar ALPTÜRK
Samet GÜRSOY
Pages
77–84
Publication Date
2021-07-31
DOI
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AI Summary & Key Takeaways

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

On the other hand, the reduction of geopolitical risk in Turkey causes an increase in tourist arrivals.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study aims to explore the effects of geopolitical risk on the Borsa İstanbul (BIST) tourism index and tourist arrivals.
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Key Findings & Data:The effects of the geopolitical risk index on the BIST tourism index and tourist arrivals were analyzed based on the data between January 1998 and October 2020, and the findings were presented.
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Conclusion & Impact:On the other hand, the reduction of geopolitical risk in Turkey causes an increase in tourist arrivals.
🔬Design:Research Article
📍Scope:2020 Verileri
⚙️Variables:Geopolitical Risk · BIST Tourism Index · Tourist Arrivals

Abstract

This study aims to explore the effects of geopolitical risk on the Borsa İstanbul (BIST) tourism index and tourist arrivals. The effects of the geopolitical risk index on the BIST tourism index and tourist arrivals were analyzed based on the data between January 1998 and October 2020, and the findings were presented. Time series analysis methods were used in the study. To investigate the relationship between variables, it was first tested whether the series of variables are stationary or not. Then, Lee-Strazicich unit root test was applied, considering the structural breaks. Finally, the causality relationship between variables and the direction of this relationship was determined by the Hatemi-J causality test. According to the findings, there is an asymmetrical relationship between Turkey's geopolitical risks with BIST tourism index. The increase in Turkey's geopolitical risks, causes a significant decrease in tourism BIST returns. Likewise, when the risk decreases, BIST tourism returns increase. On the other hand, the reduction of geopolitical risk in Turkey causes an increase in tourist arrivals.

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Cite This Article

POLAT, M., ALPTÜRK, Y., GÜRSOY, S. (2021). Impact of geopolitical risk on BIST tourism index and tourist arrivals in Turkey. Journal of Tourism Theory and Research, Cilt: 7 - Sayı: 2, 77–84. https://ajindex.com/articles/781935

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