International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 859
Status : Paper published
Language : Turkish
Topic : Sectoral Analyses
Presenter: Asst. Prof. Dr. Ahmet Kamacı
Session : 3E Turizm
The Affects of Tourism Revenues on Economic Growth: A Panel Cointegration and Causality Analysis
Turizm Gelirlerinin Ekonomik Büyüme Üzerine Etkileri: Panel Eşbütünleşme ve Nedensellik Analizi
- Asst. Prof. Dr. Ahmet Kamacı (Bartın University, Türkiye)
- Mr. Yener Oğan (Artvin Çoruh University, Türkiye)
Abstract
After the end of the Eastern Block, The Turkic republics tried to solve the problems with the help of Republic of Turkey which they felt near to them. With his international experiences Turkey became the leader of the Turkic republics. Tourism revenues which is in the current accounts of the balance of payments, contributes to the development of the country by encouring both the employment and the growth numbers. The main reason of this is that the revenues of the tourism is both the main source in the financement of the foreign deficit and the budget deficit. In this paper the revenues of tourism is analysed by cross country panel study for Azerbaijan, Kazakstan, Kyrgyzstan, Uzbekistan and Macedonia with Turkey (1995-2011). We acquired the data of this work from the web site of the IMF. Unit root test was made to testing stability of data which are taken. After that cointegration and causality tests were made to learn if a cointegral relationship was occurred between the revenues of tourism and economic growth or not. As a result of this study we done, the data level is not stable. Because of that reason, we took the difference of them. In the study, we have been identified causal relationship between the revenues of tourism and economic growth in Turkey and other countries and we have been identified causal relationship between economic growth and the revenues of tourism in Turkey and other countries.
JEL codes: F43, L88, C22
Kamacı, Ahmet, Oğan, Yener (2014). "The Affects of Tourism Revenues on Economic Growth: A Panel Cointegration and Causality Analysis" in Proceedings of International Conference of Eurasian Economies 2014, pp.1007-1012, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.00859
