Is the tourism-led growth hypothesis valid for Turkey?

Lokman Gunduz, Abdulnasser Hatemi-J

Research output: Contribution to journalArticlepeer-review

347 Citations (Scopus)

Abstract

Like many developing countries, Turkey has also given priority to the development of tourism industry as a part of its economic growth strategy. This study intends to investigate whether tourism has really contributed to the economic growth in Turkey. The interaction between tourism and economic growth is investigated by making use of leveraged bootstrap causality tests. This method is robust to the existence of non-normality and ARCH effects. Special attention is given to the choice of the optimal lag order of the empirical model. It is found that the tourism-led growth hypothesis is supported empirically in the case of Turkey.

Original languageEnglish
Pages (from-to)499-504
Number of pages6
JournalApplied Economics Letters
Volume12
Issue number8
DOIs
Publication statusPublished - Jun 20 2005
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Is the tourism-led growth hypothesis valid for Turkey?'. Together they form a unique fingerprint.

Cite this