Tourism and Economic Growth in Turkey

Jülide Öcal and Nadir Öcal
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Jülide Öcal: Gazi University
Nadir Öcal: METU
Authors registered in the RePEc Author Service: Julide Yildirim

Ekonomik Yaklasim, 2004, vol. 15, issue 52-53, 131-141

Abstract: Tourism sector entails both costs and benefits to the economy. The costs are mainly emphasized as opportunity costs. On the other hand tourism revenues may have growth promoting potential benefits: It is a source for deriving foreign exchange which can be used to import capital goods for productive purposes. Thus, a rise in tourism revenues may result in higher production and employment. This paper examines empirically the effects of tourism revenues on economic growth in Turkey for the time period 1962-2002, in a VAR framework. The empirical findings indicate that even though there is growth promoting effects of tourism revenues in the long-run, there is no short-run relationship between tourism and economic growth.

Keywords: Tourism; economic growth; Turkey; VAR (search for similar items in EconPapers)
Date: 2004
Note: [Turkish Title] Not available [Turkish Abstract] Not available [Turkish Keywords] Not available
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Persistent link: https://EconPapers.repec.org/RePEc:eyd:eyjrnl:v:15:y:2004:i:52:p:131-141

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