Analysis of Asymmetric Relationship Between Tourism Revenues and Real Exchange Rate

Mustafa Caner Tä°mur and Nilcan Mert

Fiscaoeconomia, 2021, issue 1

Abstract: Tourism is one of the most important sectors of today's modern world. Countries prepare various incentives and regulations in order to increase their share in tourism revenues. In addition to all these incentives, some data on the structural issues of the country affect tourism revenues. This study analyzes the asymmetrical relationship between the real exchange rate and tourism revenues for the Turkey. 2003: Q1-2020: Q1 has been investigated for periods. According to the non-linear ARDL analysis results, between the exchange rate and tourism revenues an asymmetric relationship in the long run and a symmetric relationship in the short run has been determined. Accordingly, a positive shock in the exchange rate increases tourism revenues by approximately 0.6%, while a negative shock increases tourism revenues by approximately 0.3%.

Keywords: Tourism revenues; tourism; real exchange rate; NARDL; assymetry (search for similar items in EconPapers)
JEL-codes: C22 F31 L83 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:fis:journl:210112

DOI: 10.25295/fsecon.848247

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