THE EFFECTS OF TOURISM REVENUES ON ECONOMIC GROWTH IN THE CONTEXT OF NEO-CLASSICAL GROWTH MODEL: IN THE CASE OF TURKEY

İbrahim Hüseyni,, Ömer Doru, and Ahmet Tunç
Additional contact information
İbrahim Hüseyni,: Şırnak University, Turkey
Ömer Doru,: Şırnak University, Turkey
Ahmet Tunç: Şırnak University, Turkey

EcoForum, 2017, vol. 6, issue 1, 2

Abstract: The aim of this study is to analyses the relationship between tourism and gross domestic product in the context of the Neo-classical growth model in the period after 1980 when Turkey adopted as an export-led growth model. İn this paper, gross domestic product, gross fixed capital formation and tourism revenues between the years 1980-2014 were used. Co-integration between series was tested using the Johansen co-integration technique. This test concluded that the series are co-integrated. Additionally the Granger causality test was used to investigate the causality between tourism and economic growth. As a result of this test, unidirectional causality running from tourism to economic growth was determined. As a developing country, this result shows that the tourism sector plays an important role on Turkey’s attempts to close the gap with developed countries by financing gross fixed capital formation.

Keywords: Economic Growth; Neoclassical Model; Time Series Analysis; Tourism and Development; Tourism Revenue (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ecoforumjournal.ro/index.php/eco/article/view/473/311 (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:scm:ecofrm:v:6:y:2017:i:1:p:2

Access Statistics for this article

EcoForum is currently edited by Association of Educational and Cultural Cooperation Suceava

More articles in EcoForum from "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department. Contact information at EDIRC.
Bibliographic data for series maintained by Iulian Condratov ().