Effects of Real Exchange Rate Volatility on Tourism Receipts and Expenditures in Turkey

Cüneyt Kılıç and Yılmaz Bayar

Advances in Management and Applied Economics, 2014, vol. 4, issue 1, 5

Abstract: The tourism industry has expanded worldwide over recent decades to become an important global business sector. The Turkish tourism sector has followed this trend, and Turkey is now a major global tourist destination. We examined the relationship between real effective exchange rate volatility and tourism receipts and expenditures in Turkey during the period from 1994:01 to 2013:08. Volatility in the real effective exchange rate was obtained with a generalised autoregressive conditional heteroscedasticity (1,1) model. The long-term relationship between the series was determined by the Johansen cointegration test, and the direction of this relationship was determined using pairwise Granger causality. Our empirical results indicate that there is a positive long-term relationship between the real effective exchange rate and tourism receipts and expenditures.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.scienpress.com/Upload/AMAE%2fVol%204_1_5.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spt:admaec:v:4:y:2014:i:1:f:4_1_5

Access Statistics for this article

More articles in Advances in Management and Applied Economics from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().