The Effect of Tourism Investments on Tourism Income in Turkey: Panel VAR Approach

Abstract

Tourism is rapidly developing around the world and it effects the economic, social and cultural development of the country. In this study based on the effect of tourism on the economic growth, the effect of tourism investments on tourism income was examined using Panel VAR model. The yearly data from the period 2001-2014 on the most popular touristic towns in Turkey, namely, Antalya, Mugla, Izmir, Aydin and Nevsehir, was used. When the results of the analysis are examined, it can be said that tourism investments have stimulating effect on tourism income, but it was noticed that the tourism investments from the last year had a decreasing effect on tourism income.

The relationship between tourism and equality in income distribution in developed and developing countries: An application of Panel VAR model

“…The main objective of the paper is to examine the impact of international tourism revenues on the poverty indicators in developing and developed countries by Panel VAR methods. Guris, Akay, Zeytinoglu, Sacilidi and Sadic (2016), Góes (2016), Lin and Zhu (2017), Attinasi and Metelli (2017), Ouyang and Li (2018) and Jouida (2018), used the Panel VAR model in various research. The paper also evaluates the impact of trade, inflation, economic growth, and unemployment on poverty in these two groups.…”