Impact of terrorism on tourism in Turkey: empirical evidence from Turkey

Mete Feridun

No 7915, Greenwich Papers in Political Economy from University of Greenwich, Greenwich Political Economy Research Centre

Abstract: This article aims at investigating the causal impact of terrorist attacks on the tourism industry in Turkey based on the Autoregressive Distributed Lag (ARDL) bounds testing procedure for the period between 1986 and 2006. The ARDL bounds test reveals that tourism is in a long-run equilibrium level relationship with terrorism. The evidence obtained from the long-run and short-run parameter estimates indicates the existence of a negative causal effect of terrorism on tourism.

Keywords: causal impact; terrorist attacks; tourism industry; Turkey; Autoregressive Distributed Lag (ARDL) (search for similar items in EconPapers)
Date: 2010-10-14
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Citations: View citations in EconPapers (1)

Published in Applied Economics 24.43(2010): pp. 3349-3354

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Journal Article: Impact of terrorism on tourism in Turkey: empirical evidence from Turkey (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:gpe:wpaper:7915

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