Open AccessThe Effect of Tourism Investments on Tourism Income in Turkey: Panel VAR Approach
Author(s) -
Selahattin Güri̇ş,
Ebru Çağlayan Akay,
Filiz Cakir-Zeytinoglu,
Irem Sacakli-Sacildi,
Cüneyt Sadıç
Publication year - 2016
Publication title -
european scientific journal
Language(s) - English
Resource type - Journals
eISSN - 1857-7881
pISSN - 1857-7431
DOI - 10.19044/esj.2016.v12n35p58
Subject(s) - tourism , panel data , tourism geography , economics , business , geography , econometrics , archaeology
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.