Revisiting the tourism-led-growth hypothesis for Turkey using the bounds test and Johansen approach for cointegration

Tourism Management - Tập 30 Số 1 - Trang 17-20 - 2009
Salih Katırcıoğlu1
1Department of Banking and Finance, Eastern Mediterranean University, P.O. Box 95, Famagusta, Northern Cyprus, Via Mersin 10, Turkey

Tóm tắt

Từ khóa


Tài liệu tham khảo

Balaguer, 2002, Tourism as a long-run economic growth factor: the Spanish case, Applied Economics, 34, 877, 10.1080/00036840110058923

Cheung, 1993, Finite-sample sizes of Johansen's likelihood ratio tests for co-integration, Oxford Bulletin of Economics and Statistics, August, 313, 10.1111/j.1468-0084.1993.mp55003003.x

Clancy, 1999, Tourism and development: evidence from Mexico, Annals of Tourism Research, 26, 1, 10.1016/S0160-7383(98)00046-2

Cortés-Jiménez, I. & Pulina, M. (2006). A further step into the ELGH and TLGH for Spain and Italy. Working paper series, Fondazione Eni Enrico Mattei, Nota Di Lavoro 118.2006.

Dickey, 1981, Likelihood ratio statistics for autoregressive time series with a unit root, Econometrica, 49, 1057, 10.2307/1912517

Dristakis, 2004, Tourism as a long-run economic growth factor: an empirical investigation for Greece using causality analysis, Tourism Economics, 10, 305, 10.5367/0000000041895094

Engle, 1987, Co-integration and error correction: representation, estimation and testing, Econometrica, 55, 251, 10.2307/1913236

Gonzalo, 1994, Five alternative methods of estimating long-run equilibrium relationships, Journal of Econometrics, 60, 203, 10.1016/0304-4076(94)90044-2

Gunduz, 2005, Is the tourism-led growth hypothesis valid for Turkey?, Applied Economics Letters, 12, 499, 10.1080/13504850500109865

Kremers, 1992, The power of co-integration tests, Oxford Bulletin of Economics and Statistics, 54, 325, 10.1111/j.1468-0084.1992.tb00005.x

Johansen, 1988, Statistical analysis of co-integrating vectors, Journal of Economic Dynamics and Control, 12, 231, 10.1016/0165-1889(88)90041-3

Johansen, 1990, Maximum likelihood estimation and inference on co-integration with application to the demand for money, Oxford Bulletin of Economics and Statistics, 52, 169, 10.1111/j.1468-0084.1990.mp52002003.x

Lim, 1997, An econometric classification and review of international tourism demand models, Tourism Economics, 3, 69, 10.1177/135481669700300105

Luzzi, 2003, An econometric estimation of the demand for tourism: the case of Switzerland, Pacific Economic Review, 8, 289, 10.1111/j.1468-0106.2003.00229.x

McKinnon, 1964, Foreign exchange constrain in economic development and efficient aid allocation, Economic Journal, 74, 388, 10.2307/2228486

Oh, 2005, The contribution of tourism development to economic growth in the Korean economy, Tourism Management, 26, 39, 10.1016/j.tourman.2003.09.014

Ongan, 2005, The contribution of tourism to the long-run Turkish economic growth, Ekonomický časopis, 53, 880

Pesaran, 2001, Bounds testing approaches to the analysis of level relationships, Journal of Applied Econometrics, 16, 289, 10.1002/jae.616

Phillips, 1988, Testing for a unit root in time series regression, Biometrica, 75, 335, 10.1093/biomet/75.2.335

Pindyck, 1991

Shan, 2001, Causality between trade and tourism: empirical evidence from China, Applied Economics Letters, 8, 279, 10.1080/135048501750104114

Song, H., Romilly, P., & Liu, X. (1997). An empirical study of outbound tourism demand in the UK. In Paper presented at the 17th Annual Symposium on Forecasting, Barbados, June, 19–21.

TURKSTAT (Turkish Institute of Statistics)

Witt, 1995, Forecasting tourism demand: a review of empirical research, International Journal of Forecasting, 11, 447, 10.1016/0169-2070(95)00591-7

World Bank (2006). World development indicators. CD-ROM database.