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Abstract


ANALYSIS OF RELATIONSHIP BETWEEN TOURISM REVENUES AND ECONOMIC GROWTH IN TURKEY

Tourism is an important sector that enables an country to develop in economic, social and cultural fields. When considered economically, tourism revenues play an important role in eliminating external deficits, reducing unemployment and increasing economic growth. The purpose of this study is to examine the effect of tourism revenues on economic growth for the Turkish economy, which is frequently discussed in the economic literature. For this purpose, VAR analysis, effect-response analysis were performed using three-month data from 2003 to 2017 and Granger Causality analysis was conducted to find causality relation between variables. According to the results obtained, the causality relation between Turkey's tourism revenues and economic growth was found. This result shows that tourism revenues are an important source of economic growth in Turkey.



Keywords
Tourism Revenues, Economic Growth, VAR Analysis, Granger Causality Analysis.



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