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    Öğe
    The relationship between tourism income and financial development in the Mena Countries
    (2019) Yenişehirlioğlu, Emirhan; Bayat, Tayfur
    Purpose – The purpose of this study is to determine the causality between financial development and tourism income for the MENA economies between year 1995 and 2016. Design/Methodology/Approach – To do this, we employ Dimitrescu and Hurlin (2012) panel causality test depending on rolling window regression and Emirmahmutoğlu and Köse’s (2011) panel causality test. Findings – In this analysis for Algeria, Bahrain, Egypt, Arab Rep., Iran, Islamic Rep., Israel, Jordan, Kuwait, Morocco, Sudan, Tunisia and Turkish economies the relationship between financial development and tourism income calculated by the IMF for the period of 1995-2016. Panel data analysis is employed in order to test the hypothesis. In the empirical analysis, it was concluded that the countries that formed the panel affected each other socially and economically. Discussion – According to the results of empirical analysis, when the relationship between financial development and tourism income is examined for each country forming the panel, it was found that the supply - driven approach in Jordan and Tunisia on the other hand in Morocco and Sudan demand driven approach is valid. On the other hand for the frequency domain test it is offered that the neutrality approach was valid in 2009 and 2016 and demand driven approach is valid in 2005-2013 (except 2009).
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    Öğe
    Tourism revenue and economic growth relation in Turkey: Evidence of symmetrical, asymmetrical and the rolling window regressions
    (Statistical Economic and Social Research and, 2020) Yenişehirlioğlu, Emirhan; Taşar, İzzet; Bayat, Tayfur
    Tourism industry is one of the important determinants of economic growth in the Turkish economy. Tourism industry also comes into prominence as one of the key factors in economic growth due to its foreign currency inflow effect and its multiplier effect being higher compared to other industries. Previous studies show that increase in tourism revenues has a direct positive contribution to economic growth in developed and developing countries. In this study we investigated the 1995-2017 period, tourism income by the method parameter estimates relationship between economic growth in Turkey's economy. Autoregressive distributed lag (ARDL) regression models, and bootstrap rolling window causality parameter tests were used in the empirical analysis. As a result of the empirical analysis, positive contribution to economic growth from the positive component of tourism income in symmetrical regression and asymmetric regression, asymmetric regression was found to be a negative contribution to economic growth from the negative component of tourism income. According to rolling window regression from tourism income to economic growth there is a positive effect between 2010-2015 and negative effect between 2016-2017. © 2020, Statistical Economic and Social Research and. All rights reserved.