IMPACT OF TOURISM INCENTIVES AND GEOPOLITICAL RISK ON ECONOMIC GROWTH IN TURKEY
Yıl 2021,
, 445 - 468, 30.11.2021
Canberk Buluş
,
İbrahim Bakırtaş
,
Süleyman Koç
Öz
The aim of this study is to determine the effects of tourism revenue, geopolitical risks, gross fixed capital formation, and tourism incentives on economic growth in Turkey. For this purpose, the ARDL bounds testing approach to cointegration has been employed on data covering the 1985–2019 period. According to the empirical findings, a long-term equilibrium relationship has been found among the variables. While tourism revenues and gross fixed capital formation affects economic growth positively, geopolitical risks affect it negatively. Tourism incentives did not have a statistically significant effect on economic growth. Accordingly, it would be beneficial to encourage the simplification of the legal scope of tourism incentives in Turkey. In addition, it can be stated that policies aimed at reducing geopolitical risks would support economic growth.
Kaynakça
- Adorno, V., Bernini, C. ve Pellegrini, G. (2020), “Do Capital Subsidies Affect Growth in the Tourism Industry?”, http://old.sis-statistica.org/files/pdf/atti/rs08_spontanee_7_1.pdf, (Erişim Tarihi: 02.10.2020)
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- Akadiri, S.S., Eluwole, K.K., Akadiri, A.C. ve Avci, T. (2020), Does Causality between Geopolitical Risk, Tourism and Economic Growth Matter? Evidence from Turkey, Journal of Hospitality and Tourism Management, 43, s.273-277.
- Aliyev, K. ve Ahmadova, N. (2020), Testing Tourism-Led Economic Growth and Economic-Driven Tourism Growth Hypotheses: The Case of Georgia, Tourism, 68(1), s.43-57.
- Ankomah, P.K. (1991), Tourism Skilled Labor the Case of Sub-Saharan Africa, Annals of Tourism Research, 18, s.433-442.
- Aydoğuş, İ., Soybalı, H.H. ve Baytok, A. (2006), Yunanistan ile Türkiye’de Uygulanan Turizm Yatırım Teşviklerinin Karşılaştırılması, Afyon Kocatepe Üniversitesi İ.İ.B.F. Dergisi, 4(1), s.1-22.
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- Demir, E., Simonyan, S., Chen, M.H. ve Lau, C.K.M. (2020), Asymmetric Effects of Geopolitical Risks on Turkey's Tourist Arrivals, Journal of Hospitality and Tourism Management, 45, s.23-26.
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TÜRKİYE’DE TURİZM TEŞVİKLERİNİN VE JEOPOLİTİK RİSKİN EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ
Yıl 2021,
, 445 - 468, 30.11.2021
Canberk Buluş
,
İbrahim Bakırtaş
,
Süleyman Koç
Öz
Bu çalışmanın amacı, Türkiye’de turizm gelirlerinin, jeopolitik riskin, gayrisafi sabit sermaye yatırımlarının ve turizm teşviklerinin ekonomik büyüme üzerindeki etkilerini tespit etmektir. Bu amaç doğrultusunda 1985-2019 dönemi verileri için ARDL sınır testi ile eşbütünleşme analizi gerçekleştirilmiştir. Ampirik bulgulara göre, değişkenler arasında uzun dönemli bir denge ilişkisi tespit edilmiştir. Turizm gelirleri ve sermaye yatırımları ekonomik büyümeyi pozitif etkilerken, jeopolitik riskin negatif etkilediği bulgusuna ulaşılmıştır. Turizm teşviklerinin ekonomik büyüme üzerinde istatistiki anlamlılığa sahip herhangi bir etkisi tespit edilememiştir. Bu bulgulara göre, Türkiye’nin turizm teşviklerinin yasal kapsamı genişletilip sadeleştirilmesinin yararlı olacağı düşünülmektedir. Ayrıca, jeopolitik risklerin azaltılmasına yönelik politikaların ekonomik büyümeyi destekleyeceği ifade edilebilir.
Kaynakça
- Adorno, V., Bernini, C. ve Pellegrini, G. (2020), “Do Capital Subsidies Affect Growth in the Tourism Industry?”, http://old.sis-statistica.org/files/pdf/atti/rs08_spontanee_7_1.pdf, (Erişim Tarihi: 02.10.2020)
- Aisen, A. ve Veiga, F.J. (2013), How Does Political İnstability Affect Economic Growth?, European Journal of Political Economy, 29, s.151-167.
- Akadiri, S.S., Eluwole, K.K., Akadiri, A.C. ve Avci, T. (2020), Does Causality between Geopolitical Risk, Tourism and Economic Growth Matter? Evidence from Turkey, Journal of Hospitality and Tourism Management, 43, s.273-277.
- Aliyev, K. ve Ahmadova, N. (2020), Testing Tourism-Led Economic Growth and Economic-Driven Tourism Growth Hypotheses: The Case of Georgia, Tourism, 68(1), s.43-57.
- Ankomah, P.K. (1991), Tourism Skilled Labor the Case of Sub-Saharan Africa, Annals of Tourism Research, 18, s.433-442.
- Aydoğuş, İ., Soybalı, H.H. ve Baytok, A. (2006), Yunanistan ile Türkiye’de Uygulanan Turizm Yatırım Teşviklerinin Karşılaştırılması, Afyon Kocatepe Üniversitesi İ.İ.B.F. Dergisi, 4(1), s.1-22.
- Bahar, O. (2006), Turizm Sektörünün Türkiye’nin Ekonomik Büyümesi Üzerindeki Etkisi: VAR Analizi Yaklaşımı, Yönetim ve Ekonomi, 13(2), s.137-150.
- Balli, F., Uddin, G.S. ve Shahzad, S.J.H. (2019), Geopolitical Risk and Tourism Demand in Emerging Economies, Tourism Economics, 25(6), s.997–1005.
- Brown, R.L., Durbin, J. ve Evans, J.M. (1975), Techniques for Testing the Constancy of Regression Relationships over Time, Journal of the Royal Statistical Society, 37(2), s.149-192.
- Caldara, D. ve Iacoviello, M. (2018), Measuring Geopolitical Risk, International Finance Discussion Papers, 1222, https://doi.org/10.17016/IFDP.2018.1222, (Erişim Tarihi: 08.10.2020)
- Chancharat, S. (2011), Thai Tourism and Economic Development: The Current State of Research, Kasetsart Journal of Social Sciences, 32, s.340-351.
- Chen, C.F. ve Chiou-Wei, S.Z. (2009). Tourism Expansion, Tourism Uncertainty and Economic Growth: New Evidence from Taiwan and Korea, Tourism Management, 30, s.812–818.
- Dash, A.K., Tiwari, A.K. ve Singh, P.K. (2018), Tourism and Economic Growth in India: An Empirical Analysis, Indian Journal of Economics, 392, s.29-49.
- Demir, E., Gozgor, G. ve Paramati, S.R. (2019), Do Geopolitical Risks Matter for Inbound Tourism?, Eurasian Business Review, 9, s.183–191.
- Demir, E., Simonyan, S., Chen, M.H. ve Lau, C.K.M. (2020), Asymmetric Effects of Geopolitical Risks on Turkey's Tourist Arrivals, Journal of Hospitality and Tourism Management, 45, s.23-26.
- Devlet Planlama Teşkilatı, Sekizinci Kalkınma Raporu. (2001), “Turizm Özel İhtisas Komisyonu Raporu”, Ankara, https://www.sbb.gov.tr/wp-content/uploads/2018/11/08_Turizm.pdf, (Erişim Tarihi: 22.11.2020)
- Dickey, D.A. ve Fuller, W.A. (1979), Distribution of the Estimators for Autoregressive Time Series With a Unit Root, Journal of the American Statistical Association, 74(366), s.427-431.
- Dickey, D.A. ve Fuller, W.A. (1981), Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root, Econometrica, 49(4), s.1057-1072.
- Dritsakis, N. (2012), Tourism Development and Economic Growth in Seven Mediterranean Countries: A Panel Data Approach, Tourism Economics, 18(4), s.801–816.
- Durbarry, R. (2004), Tourism and Economic Growth: The Case of Mauritius, Tourism Economics, 10(4), s.389–401.
- Ekanayake, E.M. ve Long, A.E. (2011), Tourism Development and Economic Growth in Developing Countries, Global Conference on Business and Finance Proceedings, 6(2), s.520-526.
- Elliott, G., Rothenberg, T.J. ve Stock, J.H. (1996), Efficient Tests for an Autoregressive Unit Root, Econometrica, 64(4), s.813-836.
- Eugenio-Martín, J.L., Morales, N.M. ve Noelia Martín, S.R. (2004), Tourism and Economic Growth in Latin American Countries: A Panel Data Approach, FEEM Working Paper, 26. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=504482, (Erişim Tarihi: 02.02.2021)
- Fayissa, B., Nsiah, C. ve Tadasse, B. (2008), Impact of Tourism on Economic Growth and Development in Africa, Tourism Economics, 14(4), s.807–818.
- Garidzirai, R. ve Pasara, M.T. (2020). An Analysis of the Contribution of Tourism on Economic Growth in South African Provinces: A Panel Analysis, GeoJournal of Tourism and Geosites, 29(2), s.554-564.
- Garsous, G., Corderi, D., Velasco, M. ve Colombo, A. (2017), Tax Incentives and Job Creation in the Tourism Sector of Brazil’s SUDENE Area, World Development, 96, s.87-101.
- Gwenhure, Y. ve Odhiambo, N.M. (2017), Tourism and economic growth: A review of International Literature, Tourism Review, 65(1), s.33-44.
- Habibi, F., Rahmati, M. ve Karimi, A. (2018), Contribution of Tourism to Economic Growth in Iran's Provinces: GDM Approach, Future Business Journal, 4, s.261-271.
- Jong-A-Pin, R. (2009), On the Measurement of Political Instability and Its Impact on Economic Growth, European Journal of Political Economy, 25, s.15-29.
- Kanca, O.C. (2015), Turizm Gelirleri ve Ekonomik Büyüme: Türkiye Örneği (1980-2013), Marmara Sosyal Araştırmalar Dergisi, 8, s.1-14.
- Kang, S. ve Meernik, J. (2005), Civil War Destruction and the Prospects for Economic Growth, The Journal of Politics, 67(1), s.88–109.
- Katircioglu, S.T. (2009), Revisiting the Tourism-Led-Growth Hypothesis for Turkey Using the Bounds Test and Johansen Approach for Cointegration, Tourism Management, 30, s.17-20.
- Khan, K., Su, C.W. ve Rizvi, S.K.A. (2020), Guns and Blood: A Review of Geopolitical Risk and Defence Expenditures, Defence and Peace Economics, s.1-17.
- Kreishan, F.M.M. (2010), Tourism and Economic Growth: The Case of Jordan, European Journal of Social Sciences, 15(2), s.229-234.
- Lanouar, C. ve Goaied, M. (2019), Tourism, Terrorism and Political Violence in Tunisia: Evidence from Markovswitching Models, Tourism Management, 70, s.404-418.
- Lee, C.C., Olasehinde-Williams, G. ve Akadiri, S.S. (2020), Geopolitical Risk and Tourism: Evidence from Dynamic Heterogeneous Panel Models, International Journal of Tourism Research, s.1-13.
- McCombie, J.S.L. ve Thirlwall, A.P. (1994), Economic Growth and the Balance-of-Payments Constraint, New York: St. Martin’s Press.
- Menegaki, A.N. (2020), The ARDL Method in the Energy-Growth Nexus Field: Best Implementation Strategies, Economies, 7(105), s.1-16.
- Meyerson, E. (2016), Political Man on Horseback Coups and Development, https://www.hhs.se/contentassets/5f04e6ceade84bf882ec6bf118022f7c/meyersson_coups_development.pdf, (Erişim Tarihi: 07.01.2021)
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- Narayan, P. (2005), The Saving and Investment Nexus for China: Evidence from Cointegration Tests, Applied Economics, 37(17), s.1979-1990.
- Narayan, P.K., Narayan, S., Prasad, A. ve Prasad, B.C. (2010), Tourism and Economic Growth: A Panel Data Analysis for Pacific Island Countries, Tourism Economics, 16(1), s.169–183.
- Neacşu, M.C., Neguţ, S. ve Vlăsceanu, G. (2018), The Impact of Geopolitical Risks on Tourism, Amfiteatru Economic, 20, s.870-884.
- Ng, S. ve Perron, P. (2001), Lag Length Selection and the Construction of Unit Root Tests with Good Size and Power, Econometrica, 69(6), s.1519-1554.
- Nowak, J.J., Sahli, M. ve Cortés-Jiménez, I. (2007), Tourism, Capital Good Imports and Economic Growth: Theory and Evidence for Spain, Tourism Economics, 13(4), s.515-536.
- Organisation for Economic Co-operation and Development [OECD], (2020), OECD Tourism Trends and Policies 2020, OECD Publishing, Paris, https://doi.org/10.1787/6b47b985-en, (Erişim Tarihi: 21.12.2020)
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