THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST
The effect of tourism on economic growth is capturing the attention of researchers and policy makers worldwide. Many countries, both developed and developing ones, are systematically putting forward crucial strategies in order to promote their tourism industry with the main goal of achieving enhance...
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Mehmet Akif Ersoy University
2021-03-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/1383279 |
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| author | Süleyman Bolat Abdulnasser Hatemi-j Murat Belke |
| author_facet | Süleyman Bolat Abdulnasser Hatemi-j Murat Belke |
| author_sort | Süleyman Bolat |
| collection | DOAJ |
| description | The effect of tourism on economic growth is capturing the attention of researchers and policy makers worldwide. Many countries, both developed and developing ones, are systematically putting forward crucial strategies in order to promote their tourism industry with the main goal of achieving enhanced economic growth. Our main objective is to test for the potential asymmetric interaction between economic growth and tourism for a panel consisting of fourteen Mediterranean countries that covers the sample period 1995-2017 using hidden panel cointegration and asymmetric panel causality tests as developed by Hatemi-J (2020a; 2020b). Our empirical investigations indicate that there are indeed asymmetric impacts within our panel system. The impact of an increase in tourism on economic growth is stronger in the absolute terms compared to the impact of a corresponding decrease in tourism on growth. |
| format | Article |
| id | doaj-art-7d1452f854694424b94a68b01b96813b |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2021-03-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-7d1452f854694424b94a68b01b96813b2025-01-27T14:07:40ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582021-03-018139941910.30798/makuiibf.822194273THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TESTSüleyman Bolat0https://orcid.org/0000-0001-5635-7322Abdulnasser Hatemi-j1https://orcid.org/0000-0002-6212-1292Murat Belke2https://orcid.org/0000-0002-3299-7162Aksaray Üniversitesi İİBF Maliye BölümüUnited Arab Emirates University Department of Accounting and FinanceBurdur Mehmet Akif Ersoy Üniversitesi İİBF İktisat BölümüThe effect of tourism on economic growth is capturing the attention of researchers and policy makers worldwide. Many countries, both developed and developing ones, are systematically putting forward crucial strategies in order to promote their tourism industry with the main goal of achieving enhanced economic growth. Our main objective is to test for the potential asymmetric interaction between economic growth and tourism for a panel consisting of fourteen Mediterranean countries that covers the sample period 1995-2017 using hidden panel cointegration and asymmetric panel causality tests as developed by Hatemi-J (2020a; 2020b). Our empirical investigations indicate that there are indeed asymmetric impacts within our panel system. The impact of an increase in tourism on economic growth is stronger in the absolute terms compared to the impact of a corresponding decrease in tourism on growth.https://dergipark.org.tr/en/download/article-file/1383279tourismeconomic growthmediterranean countrieshidden panel cointegrationasymmetric panel causalityturizmekonomik büyümeakdeniz ülkelerisaklı panel eşbütünleşmeasimetrik panel nedensellik |
| spellingShingle | Süleyman Bolat Abdulnasser Hatemi-j Murat Belke THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi tourism economic growth mediterranean countries hidden panel cointegration asymmetric panel causality turizm ekonomik büyüme akdeniz ülkeleri saklı panel eşbütünleşme asimetrik panel nedensellik |
| title | THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST |
| title_full | THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST |
| title_fullStr | THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST |
| title_full_unstemmed | THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST |
| title_short | THE IMPACT OF TOURISM ON THE ECONOMIC GROWTH IN THE MEDITERRANEAN COUNTRIES: EVIDENCES FROM HIDDEN PANEL COINTEGRATION TEST |
| title_sort | impact of tourism on the economic growth in the mediterranean countries evidences from hidden panel cointegration test |
| topic | tourism economic growth mediterranean countries hidden panel cointegration asymmetric panel causality turizm ekonomik büyüme akdeniz ülkeleri saklı panel eşbütünleşme asimetrik panel nedensellik |
| url | https://dergipark.org.tr/en/download/article-file/1383279 |
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