International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 758
Status : Paper included
Language : Turkish
Topic : Sectoral Analyses
Presenter: Asst. Prof. Dr. Ali Rıza Aktaş
Session : 5C Turizm II
Relationship between Tourism and Economic Growth: A Panel Data Analysis on Mediterranean Countries
Turizm ile Ekonomik Büyüme Arasındaki İlişki: Akdeniz Ülkeleri Üzerine Bir Panel Veri Analizi
- Asst. Prof. Dr. Ali Rıza Aktaş (Alanya Alaaddin Keykubat University, Türkiye)
- Asst. Prof. Dr. Fatih Kaplan (Mersin University, Türkiye)
- Ph.D. candidate Seyfettin Kocaman (Akdeniz University, Türkiye)
Abstract
In this study, unit root tests, co-integration tests and long term co-efficient tests are researched with panel data of GDP and tourism receipts for mediterranean countries between 1995-2011. In the study, as research method tests, first generation root tests (Levin-Lin, Breitung, Im-Pesaran and Shin(IPS), Fisher ADF, Fisher PP and Hadri estimators) and second generation unit root tests (CADF-CIPS estimators) have been used. In order to test cointegration, Pedroni, Kao, Johansen-Fisher and Westerlund co-integration tests have been used, to estimate the long-term coefficients PMGE (Pooled Mean Group Estimation) has been used. As a result of the econometric applications, a cointegration relationship between growth and tourism revenue in the long term with the correlation of .05 has been found.
JEL codes: O40, C33, O50
