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

Authors

  • İbrahim Hüseyni Şırnak University
  • Ömer Doru Şırnak University
  • Ahmet Tunç Şırnak University

Keywords:

Economic Growth, Neoclassical Model, Time Series Analysis, Tourism and Development, Tourism Revenue

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.

Author Biographies

İbrahim Hüseyni, Şırnak University

faculty of economics and administrative science

Ömer Doru, Şırnak University

faculty of economics and administrative science

Ahmet Tunç, Şırnak University

faculty of economics and administrative science

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Published

27.01.2017

Issue

Vol. 6 No. 1 (2017)

Section

Business Economics, Sustainable Development, Public Administration and Law

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