The Effect of Tourism Revenues on Current Account and Economic Growth: An Econometric Application on Turkey

Fatma Fehime Aydın; Cemalettin Levent

Makale detayları

The Effect of Tourism Revenues on Current Account and Economic Growth: An Econometric Application on Turkey

Yazarlar:

Fatma Fehime Aydın | Cemalettin Levent

Yayıncı:

Karamanoglu Mehmetbey University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Finansal Ekonomi | Uluslararası Ticaret (Diğer)

Dergi:

Karamanoğlu Mehmetbey Üniversitesi Sosyal Ve Ekonomik Araştırmalar Dergisi Vol.25 Issue 44, pp.584-600

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001291929

pISSN:

2147-7833

Anahtar kelimeler:

Özet:

 The tourism sector is an important source of income for the Turkish economy. Positive and negative developments in the tourism sector have an impact on many indicators such as foreign currency inflow and outflow, employment, inflation, balance of payments. For this reason, there are various studies dealing with the effects of tourism revenues on the current account balance and economic growth in Turkey. However, in this study, unlike previous studies, both more up-to-date data are used and short- and long-term relationships between variables are investigated. Afterwards, causality analysis is performed in order to evaluate the results of the analysis more clearly. In the study, ARDL analysis was applied by making use of Turkeys 2005-2021 period, tourism revenues, current account balance and economic growth data. Then, Toda-Yamamoto causality analysis was conducted to examine the causality relationship between the variables. According to the results of the causality analysis, it has been determined that there is a reciprocal relationship between the variables. According to the results obtained from all analyzes in the study, tourism revenues are one of the determinants of current account balance and economic growth. Therefore, in order for Turkey to improve its current account balance and achieve its goal of achieving economic growth, it is important to attract tourists to the country and to implement various policies for this purpose.

 The tourism sector is an important source of income for the Turkish economy. Positive and negative developments in the tourism sector have an impact on many indicators such as foreign currency inflow and outflow, employment, inflation, balance of payments. For this reason, there are various studies dealing with the effects of tourism revenues on the current account balance and economic growth in Turkey. However, in this study, unlike previous studies, both more up-to-date data are used and short- and long-term relationships between variables are investigated. Afterwards, causality analysis is performed in order to evaluate the results of the analysis more clearly. In the study, ARDL analysis was applied by making use of Turkeys 2005-2021 period, tourism revenues, current account balance and economic growth data. Then, Toda-Yamamoto causality analysis was conducted to examine the causality relationship between the variables. According to the results of the causality analysis, it has been determined that there is a reciprocal relationship between the variables. According to the results obtained from all analyzes in the study, tourism revenues are one of the determinants of current account balance and economic growth. Therefore, in order for Turkey to improve its current account balance and achieve its goal of achieving economic growth, it is important to attract tourists to the country and to implement various policies for this purpose.

 The tourism sector is an important source of income for the Turkish economy. Positive and negative developments in the tourism sector have an impact on many indicators such as foreign currency inflow and outflow, employment, inflation, balance of payments. For this reason, there are various studies dealing with the effects of tourism revenues on the current account balance and economic growth in Turkey. However, in this study, unlike previous studies, both more up-to-date data are used and short- and long-term relationships between variables are investigated. Afterwards, causality analysis is performed in order to evaluate the results of the analysis more clearly. In the study, ARDL analysis was applied by making use of Turkeys 2005-2021 period, tourism revenues, current account balance and economic growth data. Then, Toda-Yamamoto causality analysis was conducted to examine the causality relationship between the variables. According to the results of the causality analysis, it has been determined that there is a reciprocal relationship between the variables. According to the results obtained from all analyzes in the study, tourism revenues are one of the determinants of current account balance and economic growth. Therefore, in order for Turkey to improve its current account balance and achieve its goal of achieving economic growth, it is important to attract tourists to the country and to implement various policies for this purpose.

 Turizm sektörü, Türkiye ekonomisi için azımsanamayacak öneme sahip bir gelir kaynağıdır. Turizm sektöründeki olumlu ve olumsuz gelişmeler ekonomiye döviz giriş çıkışı, istihdam, enflasyon, ödemeler bilançosu gibi birçok gösterge üzerinde etkili olmaktadır. Bu nedenle Türkiyede turizm gelirlerinin cari işlemler dengesi ve ekonomik büyüme üzerindeki etkilerini ele alan çeşitli çalışmalar mevcuttur. Ancak bu çalışmada önceki çalışmalardan farklı olarak hem daha güncel veriler kullanılmakta hem de değişkenler arasındaki kısa ve uzun vadeli ilişkiler araştırılmaktadır. Sonrasında analiz sonuçlarının daha net bir şekilde değerlendirilebilmesi amacıyla nedensellik analizi yapılmaktadır. Çalışmada öncelikle Türkiyenin 2005-2021 dönemi, turizm gelirleri, cari işlemler dengesi ve ekonomik büyüme verilerinden yararlanılarak ARDL analizi uygulanmıştır. Ardından değişkenler arasındaki nedensellik ilişkisinin incelenmesi amacıyla Toda-Yamamoto nedensellik analizi yapılmıştır. Nedensellik analizi sonuçlarına göre değişkenler arasında karşılıklı bir ilişki olduğu tespit edilmiştir. Çalışmada yapılan tüm analizlerden elde edilen sonuçlara göre turizm gelirleri, cari işlemler dengesi ve ekonomik büyümenin belirleyicilerinden biridir. Dolayısıyla Türkiyenin cari işlemler dengesini iyileştirebilmesi ve ekonomik büyümeyi sağlama hedefine ulaşabilmesi için ülkeye turist çekebilmesi, bu amaçla çeşitli politikalar uygulaması önem arz eden bir husustur.

Makale detayları

The Effect of Tourism Revenues on Current Account and Economic Growth: An Econometric Application on Turkey

Yazarlar:

Fatma Fehime Aydın | Cemalettin Levent

Yayıncı:

Karamanoglu Mehmetbey University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Finansal Ekonomi | Uluslararası Ticaret (Diğer)

Dergi:

Karamanoğlu Mehmetbey Üniversitesi Sosyal Ve Ekonomik Araştırmalar Dergisi Vol.25 Issue 44, pp.584-600

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001291929

pISSN:

2147-7833

Tourism revenues

current account balance

economic growth

ARDL analysis

Toda-Yamamoto causality analysis.Turizm gelirleri

cari işlemler dengesi

ekonomik büyüme

ARDL analizi

Toda-Yamamoto nedensellik analizi.

Sayı

Makale detayları

Yazarlar: Fatma Fehime Aydın | Cemalettin Levent

Yayıncı: Karamanoglu Mehmetbey University

Ana Başlıklar: Ekonometrik ve İstatistiksel Yöntemler | Finansal Ekonomi | Uluslararası Ticaret (Diğer)

Dergi: Karamanoğlu Mehmetbey Üniversitesi Sosyal Ve Ekonomik Araştırmalar Dergisi Vol.25 Issue 44, pp.584-600

Belge Tipi: Makale

Yayın Tarihi: 6/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001291929

pISSN: 2147-7833

Sayı

Yazarlar:

Fatma Fehime Aydın | Cemalettin Levent

Yayıncı:

Karamanoglu Mehmetbey University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Finansal Ekonomi | Uluslararası Ticaret (Diğer)

Dergi:

Karamanoğlu Mehmetbey Üniversitesi Sosyal Ve Ekonomik Araştırmalar Dergisi Vol.25 Issue 44, pp.584-600

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001291929

pISSN:

2147-7833