Research Note: Re-Examining the Tourism-Led Growth Hypothesis for Turkey

Jamal Husein and S. Murat Kara

Tourism Economics, 2011, vol. 17, issue 4, 917-924

Abstract: Since the 1980s, Turkey has given priority to the advancement and expansion of its tourism industry as part of achieving economic growth and development. This study empirically re-examines the possible causal relationships among tourism receipts, real exchange rate and economic growth by using annual data (1964–2006). Johansen multivariate cointegration analysis reveals the existence of a ‘stable’ and significant long-run equilibrium relationship among real GDP, tourism receipts and real exchange rate (RER). Granger causality tests based on the error correction model indicate a unidirectional causality from tourism receipts and RER to real GDP.

Keywords: tourism receipts; economic growth; cointegration; Granger causality; Turkey (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:17:y:2011:i:4:p:917-924

DOI: 10.5367/te.2011.0069

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