Macroeconomic Determinants of Tourism Demand Toward Emerging Markets
This research provides valuable insights into the intricate dynamics influencing tourism demand in Turkey. By delving into the relationships between transportation costs, tourists’ income levels, prices, the COVID-19 pandemic, and exchange rates, the study sheds light on the multifaceted nature of t...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Istanbul University Press
2023-12-01
|
| Series: | İstanbul İktisat Dergisi |
| Subjects: | |
| Online Access: | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/D11B6CD8CF554575B4DC5481C9AE603A |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850144073097150464 |
|---|---|
| author | Burak Darıcı Ahmet Aydın Fatih Ayhan Merve Altaylar |
| author_facet | Burak Darıcı Ahmet Aydın Fatih Ayhan Merve Altaylar |
| author_sort | Burak Darıcı |
| collection | DOAJ |
| description | This research provides valuable insights into the intricate dynamics influencing tourism demand in Turkey. By delving into the relationships between transportation costs, tourists’ income levels, prices, the COVID-19 pandemic, and exchange rates, the study sheds light on the multifaceted nature of the tourism industry. The findings underscore the significance of various factors in shaping the tourism demand. Transportation costs and exchange rates are identified as critical determinants, exerting adverse effects on tourism demand. Higher transportation costs and unfavorable exchange rates can deter potential tourists However, income and prices emerged as positive influencers of tourism demand, suggesting that higher incomes and favorable price levels can stimulate tourist activity. The study’s investigation of causal relationships through advanced statistical techniques revealed valuable insights. The unidirectional causality from transportation costs and income to tourism demand highlighted the pivotal role of these factors in driving tourist behavior. Additionally, the causal relationship between prices and the exchange rate signifies the interplay between economic conditions and pricing strategies in shaping tourism demand. Overall, this research provides a deeper understanding of the complex dynamics in the Turkish tourism market, offering valuable insights for industry stakeholders and policymakers alike. |
| format | Article |
| id | doaj-art-aac822460a694305b652ca0ed2b8aa69 |
| institution | OA Journals |
| issn | 2602-3954 |
| language | English |
| publishDate | 2023-12-01 |
| publisher | Istanbul University Press |
| record_format | Article |
| series | İstanbul İktisat Dergisi |
| spelling | doaj-art-aac822460a694305b652ca0ed2b8aa692025-08-20T02:28:28ZengIstanbul University Pressİstanbul İktisat Dergisi2602-39542023-12-0173283786410.26650/ISTJECON2023-1296548123456Macroeconomic Determinants of Tourism Demand Toward Emerging MarketsBurak Darıcı0https://orcid.org/0000-0003-0765-7374Ahmet Aydın1Fatih Ayhan2https://orcid.org/0000-0003-0922-6586Merve Altaylar3https://orcid.org/0000-0001-5413-5048Bandırma On Yedi Eylül Üniversitesi, Balikesir, TurkiyeBandırma On Yedi Eylül Üniversitesi, Balikesir, TurkiyeBandırma On Yedi Eylül Üniversitesi, Balikesir, TurkiyeKoç Üniversitesi, Istanbul, TurkiyeThis research provides valuable insights into the intricate dynamics influencing tourism demand in Turkey. By delving into the relationships between transportation costs, tourists’ income levels, prices, the COVID-19 pandemic, and exchange rates, the study sheds light on the multifaceted nature of the tourism industry. The findings underscore the significance of various factors in shaping the tourism demand. Transportation costs and exchange rates are identified as critical determinants, exerting adverse effects on tourism demand. Higher transportation costs and unfavorable exchange rates can deter potential tourists However, income and prices emerged as positive influencers of tourism demand, suggesting that higher incomes and favorable price levels can stimulate tourist activity. The study’s investigation of causal relationships through advanced statistical techniques revealed valuable insights. The unidirectional causality from transportation costs and income to tourism demand highlighted the pivotal role of these factors in driving tourist behavior. Additionally, the causal relationship between prices and the exchange rate signifies the interplay between economic conditions and pricing strategies in shaping tourism demand. Overall, this research provides a deeper understanding of the complex dynamics in the Turkish tourism market, offering valuable insights for industry stakeholders and policymakers alike.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/D11B6CD8CF554575B4DC5481C9AE603Atourism demandprice levelsexchange rateincometransportation costspanel datapoisson-negative binomial regressionpanel causality |
| spellingShingle | Burak Darıcı Ahmet Aydın Fatih Ayhan Merve Altaylar Macroeconomic Determinants of Tourism Demand Toward Emerging Markets İstanbul İktisat Dergisi tourism demand price levels exchange rate income transportation costs panel data poisson-negative binomial regression panel causality |
| title | Macroeconomic Determinants of Tourism Demand Toward Emerging Markets |
| title_full | Macroeconomic Determinants of Tourism Demand Toward Emerging Markets |
| title_fullStr | Macroeconomic Determinants of Tourism Demand Toward Emerging Markets |
| title_full_unstemmed | Macroeconomic Determinants of Tourism Demand Toward Emerging Markets |
| title_short | Macroeconomic Determinants of Tourism Demand Toward Emerging Markets |
| title_sort | macroeconomic determinants of tourism demand toward emerging markets |
| topic | tourism demand price levels exchange rate income transportation costs panel data poisson-negative binomial regression panel causality |
| url | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/D11B6CD8CF554575B4DC5481C9AE603A |
| work_keys_str_mv | AT burakdarıcı macroeconomicdeterminantsoftourismdemandtowardemergingmarkets AT ahmetaydın macroeconomicdeterminantsoftourismdemandtowardemergingmarkets AT fatihayhan macroeconomicdeterminantsoftourismdemandtowardemergingmarkets AT mervealtaylar macroeconomicdeterminantsoftourismdemandtowardemergingmarkets |