The Relationship Between Tourism Revenues and Economic Growth: An Econometric Approach for the Turkish Rebuplic of Northern Cyprus

Seyit Ordu; Bahar Burtan Doğan

Article Details

The Relationship Between Tourism Revenues and Economic Growth: An Econometric Approach for the Turkish Rebuplic of Northern Cyprus

Authors:

Seyit Ordu | Bahar Burtan Doğan

Publisher:

Ordu University

Main Topics:

Ekonomi

Journal:

Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi Vol.13 Issue 3, pp.2837-2854

Document Type:

Article

Publication Date:

11/2023

Document Language:

Turkish

Document ID (Org No.):

2001302855

pISSN:

1309-9302

Keywords:

Abstract:

 The tourism sector, which requires a relatively low level of technology and basic skills compared to other sectors, is an important sector in solving macroeconomic problems with the employment it creates and the foreign exchange input it provides, especially in island countries and developing countries. In addition, it is thought to support economic growth by indirectly affecting more than one sector such as the tourism sector, food, beverage, construction, transportation and accommodation. The aim of this study, is to explain the relationship between tourism revenues and economic growth for the Turkish Republic of Northern Cyprus. The existence of the said relationship is determined by the causality test developed by Granger 1969 using the annual data of the TRNC, including the 1990-2019 period, and the causality relationship between tourism revenues and economic growth, and the long-term relationship between the variables is determined by the cointegration test developed by Johansen 1988 analyzed. Within the framework of the findings obtained, there is a bidirectional causality relationship between tourism revenues and economic growth in the short run, and in this case, the feedback hypotesis in tourism is supported fort he TRNC, but according to the cointegration test results; It has been found that the series do not move together in the long run, that is, there is no cointegration relationship between the variables.

 The tourism sector, which requires a relatively low level of technology and basic skills compared to other sectors, is an important sector in solving macroeconomic problems with the employment it creates and the foreign exchange input it provides, especially in island countries and developing countries. In addition, it is thought to support economic growth by indirectly affecting more than one sector such as the tourism sector, food, beverage, construction, transportation and accommodation. The aim of this study, is to explain the relationship between tourism revenues and economic growth for the Turkish Republic of Northern Cyprus. The existence of the said relationship is determined by the causality test developed by Granger 1969 using the annual data of the TRNC, including the 1990-2019 period, and the causality relationship between tourism revenues and economic growth, and the long-term relationship between the variables is determined by the cointegration test developed by Johansen 1988 analyzed. Within the framework of the findings obtained, there is a bidirectional causality relationship between tourism revenues and economic growth in the short run, and in this case, the feedback hypotesis in tourism is supported fort he TRNC, but according to the cointegration test results; It has been found that the series do not move together in the long run, that is, there is no cointegration relationship between the variables.

 The tourism sector, which requires a relatively low level of technology and basic skills compared to other sectors, is an important sector in solving macroeconomic problems with the employment it creates and the foreign exchange input it provides, especially in island countries and developing countries. In addition, it is thought to support economic growth by indirectly affecting more than one sector such as the tourism sector, food, beverage, construction, transportation and accommodation. The aim of this study, is to explain the relationship between tourism revenues and economic growth for the Turkish Republic of Northern Cyprus. The existence of the said relationship is determined by the causality test developed by Granger 1969 using the annual data of the TRNC, including the 1990-2019 period, and the causality relationship between tourism revenues and economic growth, and the long-term relationship between the variables is determined by the cointegration test developed by Johansen 1988 analyzed. Within the framework of the findings obtained, there is a bidirectional causality relationship between tourism revenues and economic growth in the short run, and in this case, the feedback hypotesis in tourism is supported fort he TRNC, but according to the cointegration test results; It has been found that the series do not move together in the long run, that is, there is no cointegration relationship between the variables.

 Nispeten diğer sektörlere göre daha düşük düzeyde teknoloji ve temel beceri gerektiren turizm sektörü özellikle ada ülkeleri ve gelişmekte olan ülkelerde yarattığı istihdam ve sağladığı döviz girdisi ile makroekonomik problemlerin çözümlenmesinde önemli bir sektör niteliği taşımaktadır. Ayrıca turizm sektörü, yiyecek, içecek, inşaat, ulaşım ve konaklama gibi birden fazla sektörü dolaylı yönden etkileyerek ekonomik büyümeyi desteklediği düşünülmektedir. Yapılan bu çalışmanın amacı, Kuzey Kıbrıs Türk Cumhuriyeti için turizm gelirleri ve ekonomik büyüme arasındaki ilişkiyi açıklamaktır. Söz konusu ilişkinin varlığı, K.K.T.Cye ait 1990-2019 dönemini içeren yıllık veriler kullanılarak değişkenler arasındaki nedensellik ilişkisi Granger 1969 tarafından geliştirilen nedensellik testiyle, değişkenler arasındaki uzun dönemli ilişki ise Johansenin 1988 geliştirdiği eşbütünleşme testi ile analiz edilmiştir. Elde edilen bulgular çerçevesinde turizm gelirleri ve ekonomik büyüme arasında kısa dönemde çift yönlü nedensellik ilişkisi var olduğuna ve bu durumda K.K.T.C için turizmde geri besleme hipotezinin desteklendiğine ancak eşbütünleşme testi sonuçlarına göre ise; uzun dönemde serilerin birlikte hareket etmediği yani değişkenler arasında eşbütünleşme ilişkisi olmadığına ulaşılmıştır.

Article Details

The Relationship Between Tourism Revenues and Economic Growth: An Econometric Approach for the Turkish Rebuplic of Northern Cyprus

Authors:

Seyit Ordu | Bahar Burtan Doğan

Publisher:

Ordu University

Main Topics:

Ekonomi

Journal:

Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi Vol.13 Issue 3, pp.2837-2854

Document Type:

Article

Publication Date:

11/2023

Document Language:

Turkish

Document ID (Org No.):

2001302855

pISSN:

1309-9302

Tourism

Economic Growth

Causality

Cointegration

TRNC.Turizm

Ekonomik Büyüme

Nedensellik

Eşbütünleşme

K.K.T.C.

Issues

Article Details

Authors: Seyit Ordu | Bahar Burtan Doğan

Publisher: Ordu University

Main Topics: Ekonomi

Journal: Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi Vol.13 Issue 3, pp.2837-2854

Document Type: Article

Publication Date: 11/2023

Document Language: Turkish

Document ID (Org No.): 2001302855

pISSN: 1309-9302

Issues

Authors:

Seyit Ordu | Bahar Burtan Doğan

Publisher:

Ordu University

Main Topics:

Ekonomi

Journal:

Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi Vol.13 Issue 3, pp.2837-2854

Document Type:

Article

Publication Date:

11/2023

Document Language:

Turkish

Document ID (Org No.):

2001302855

pISSN:

1309-9302