THE RELATIONSHIP BETWEEN INTERNATIONAL TOURISM RECEIPTS AND ECONOMIC GROWTH IN ASIA PACIFIC COUNTRIES: A PANEL DATA ANALYSIS

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dc.contributor.authorBoğa, Semra
dc.contributor.authorErkişi, Kemal
dc.date.accessioned2025-01-06T17:24:12Z
dc.date.available2025-01-06T17:24:12Z
dc.date.issued2019
dc.departmentAdana Alparslan Türkeş Bilim ve Teknoloji Üniversitesi
dc.description.abstractIn this research, the short-term and the long-term relationships between tourism receiptsand economic growth was investigated. The dataset includes 483 observations for the periodfrom 1995 to 2017 of selected 21 Asia Pacific Economies. According to “Dumitrescu & HurlinVAR Panel Causality Test”, which is employed to analyse the short-term causality, it isrevealed that (a) tourism receipts is the granger cause of economic growth, and (b) “economicgrowth is the granger cause of tourism receipts. Hence, it is concluded a bi-directionalcausality between tourism receipts and economic growth in the short-term. Westerlund ECMPanel Co-Integration Test and Pesaran & Smith Mean Group Estimator, which are performedto test the long-term relationship, indicated that (a) economic growth affects tourism revenues;a 1% increase in economic growth raises tourism revenues by 1.9% in long-term and viceversa, (b) tourism revenues affects economic growth; a 1% increase in tourism revenues raisesthe economic growth by 0.49 % in long-term, and vice versa. These results support the feedbackhypothesis that claims a bi-directional relationship between international tourism receipts andeconomic growth.
dc.identifier.endpage46
dc.identifier.issn2148-5933
dc.identifier.issue11
dc.identifier.startpage31
dc.identifier.trdizinid312590
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/312590
dc.identifier.urihttps://hdl.handle.net/20.500.14669/1099
dc.identifier.volume6
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofAkademik Hassasiyetler
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241211
dc.titleTHE RELATIONSHIP BETWEEN INTERNATIONAL TOURISM RECEIPTS AND ECONOMIC GROWTH IN ASIA PACIFIC COUNTRIES: A PANEL DATA ANALYSIS
dc.typeArticle

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