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

  • Selahattin Guris Marmara University, Faculty of Economics, Department of Econometrics, Istanbul
  • Ebru Caglayan-Akay Marmara University, Faculty of Economics, Department of Econometrics, Istanbul
  • Filiz Cakir-Zeytinoglu Marmara University, Vocational School of Social Sciences, Department of Tourism and Hotel Management, Istanbul
  • Irem Sacakli-Sacildi Marmara University, Faculty of Economics, Department of Econometrics, Istanbul
  • Cuneyt Sadic Marmara University, Vocational School of Social Sciences , Department of Tourism and Hotel Management, Istanbul

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.

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Published
2016-12-31
How to Cite
Guris, S., Caglayan-Akay, E., Cakir-Zeytinoglu, F., Sacakli-Sacildi, I., & Sadic, C. (2016). The Effect of Tourism Investments on Tourism Income in Turkey: Panel VAR Approach. European Scientific Journal, ESJ, 12(35), 58. https://doi.org/10.19044/esj.2016.v12n35p58