research product . 2012

The tourism-led growth hypothesis: empirical evidence from Turkey

Ertugrul, Hasan Murat; Mangir, Fatih;
Open Access English
  • Published: 26 Sep 2012
  • Country: Germany
In the economic growth literature, the contribution of tourism to economic development has attracted great attention due to its significant roles as a source of foreign exchange earnings, creation of employment opportunities and an important source of public revenues in many countries. In this paper, we aim to analyse the empirical relationship between economic growth and tourism by employing different econometric techniques. First, we employed the Bound test approach developed by Pesaran, Shin, and Smith (2001, Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326) in order to investigate the co-integr...
free text keywords: C5 - Econometric Modeling
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