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Cited by 533

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

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Katircioglu, Salih T.·2009·Tourism Management

Abstract

Abstract This paper empirically revisits and investigates the tourism-led-growth (TLG) hypothesis in the case of Turkey by employing the bounds test and Johansen approach for cointegration using annual data from 1960–2006. Although Gunduz and Hatemi-J (2005; Is the tourism-led growth hypothesis valid for Turkey? Applied Economics Letters . 12 , 499–504) support the TLG hypothesis for Turkey (suggesting unidirectional causation from tourism to economic growth) by making use of the leveraged bootstrap causality tests, and Ongan and Demiroz (2005; The contribution of tourism to the long-run Turkish economic growth. Ekonomický casopis [ Journal of Economics ]. 53 (9), 880–894.) suggest bidirectional causality between international tourism and economic growth in Turkey, this study does not find any cointegration between international tourism and economic growth in Turkey. Therefore, unlike the findings of Gunduz and Hatemi-J (2005) and Ongan and Demiroz (2005), this study rejects the TLG hypothesis for the Turkish economy since no cointegration was found and error correction mechanisms plus causality tests cannot be run for further steps in the long term.

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Metadata

Authors
Katircioglu, S. T.
Venue
Tourism Management
Publisher
Elsevier BV
Published
2009-02
Volume
30
Issue
1
Pages
17-20
ISSN
0261-5177 (ISSN-L)
OpenAlex
W1971062740
Cited by
533
References
3
FWCI
52.27
Type
journal article
Language
en
Open access
green

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Katircioglu, S. T. (2009). Revisiting the tourism-led-growth hypothesis for Turkey using the bounds test and Johansen approach for cointegration. Tourism Management. https://doi.org/10.1016/j.tourman.2008.04.004

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