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Title: The Impact of Tourism on Economic Performance: The Case of Turkey
Authors: Muhittin Kaplan, Tuncay Celik
Journal: The International Journal of Applied Economics and Finance
Publisher: Asian Network for Scientific Information (ANSInet)
Country: Pakistan
Year: 2008
Volume: 2
Issue: 1
Language: English
Keywords: Granger CausalityCointegrationEconomic PerformanceTurkeyTourism expansion
This study examines the relationship between tourism expansion and economic performance in Turkey over the period of 1963-2006. Empirical analysis carried out employing the VAR procedure indicates the presence of one cointegrating vector among real output, real tourism receipts and real effective exchange rate and tourism has a long-run effect on output. In addition, test results show the presence of one-directional causality indicating that tourism and exchange rate causes output.
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