Frequency domain causality analysis of tourism and economic activity in Turkey
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Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Varna Univ Management-Vum
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper studies the dynamic relationships between real Gross Domestic Product (GDP), real exchange rate (RER) and real tourism income (TOTREC) in Turkey over the period from 2003: Q1 to 2014: Q4 by using frequency domain causality approach developed by Breitung and Candelon (2006). Our findings reveal that real GDP Granger causes real tourism income both in the short-and long-run, while real tourism income only Granger causes real GDP in the short run. Moreover, there is no Granger causality neither between real tourism income and real exchange rate nor between real GDP and real exchange rate. These findings support Tourism-led Growth Hypothesis (TLGH) only in the short-run. Therefore, there is an urgent need to develop and implement appropriate tourism policies so that the sector's contribution to economic growth can be extended to long-run. (C) 2018 Varna University of Management. All rights reserved
Açıklama
Anahtar Kelimeler
Frequency domain Granger causality, Time domain (conventional) causality, Real Tourism Incomes, Real Exchange Rate, Real GDP, Turkey
Kaynak
European Journal of Tourism Research
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
19
