THE CAUSALITY AMONG TOURISM RELATED FACTORS AND GDP FOR EU MEMBERS
Tourism is an important concept for the EU countries which is economically the second market in the world. The countries try to increase their tourism revenues as they contribute to the economy. International tourism is considered as a major source of exporting revenues for the EU member countries....
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Publishing house of University of Pitesti, Romania
2019-12-01
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| Series: | Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice |
| Subjects: | |
| Online Access: | http://economic.upit.ro/repec/pdf/2019_2_1.pdf |
| _version_ | 1830228658402361344 |
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| author | Ayhan KAPUSUZOGLU Nildag Basak CEYLAN |
| author_facet | Ayhan KAPUSUZOGLU Nildag Basak CEYLAN |
| author_sort | Ayhan KAPUSUZOGLU |
| collection | DOAJ |
| description | Tourism is an important concept for the EU countries which is economically the second market in the world. The countries try to increase their tourism revenues as they contribute to the economy. International tourism is considered as a major source of exporting revenues for the EU member countries. Having too much importance in the economy, this paper aims to examine the long term and short term relationships among international tourism revenues and tourism related factors such as tourism expenditure, tourist arrivals and GDP of the EU member countries. As a methodology, Granger causality and Johansen cointegration methods are used. The panel data analysis is performed for 22 years using annual data of the EU member countries. The main findings of the tests reveal the existence of long run relationship between tourism revenue and GDP, tourism arrivals and GDP and tourism expenditure and GDP. |
| first_indexed | 2024-12-18T10:17:59Z |
| format | Article |
| id | doaj.art-585d6491605a48ef8fdfa186d1508cf5 |
| institution | Directory Open Access Journal |
| issn | 1583-1809 2344-4908 |
| language | English |
| last_indexed | 2024-12-18T10:17:59Z |
| publishDate | 2019-12-01 |
| publisher | Publishing house of University of Pitesti, Romania |
| record_format | Article |
| series | Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice |
| spelling | doaj.art-585d6491605a48ef8fdfa186d1508cf52022-12-21T21:11:14ZengPublishing house of University of Pitesti, RomaniaBuletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice1583-18092344-49082019-12-0118239THE CAUSALITY AMONG TOURISM RELATED FACTORS AND GDP FOR EU MEMBERSAyhan KAPUSUZOGLU0Nildag Basak CEYLAN1Department of Banking and Finance, Ankara Yildirim Beyazit University, TurkeyDepartment of Banking and Finance, Ankara Yildirim Beyazit University, Turkey Tourism is an important concept for the EU countries which is economically the second market in the world. The countries try to increase their tourism revenues as they contribute to the economy. International tourism is considered as a major source of exporting revenues for the EU member countries. Having too much importance in the economy, this paper aims to examine the long term and short term relationships among international tourism revenues and tourism related factors such as tourism expenditure, tourist arrivals and GDP of the EU member countries. As a methodology, Granger causality and Johansen cointegration methods are used. The panel data analysis is performed for 22 years using annual data of the EU member countries. The main findings of the tests reveal the existence of long run relationship between tourism revenue and GDP, tourism arrivals and GDP and tourism expenditure and GDP.http://economic.upit.ro/repec/pdf/2019_2_1.pdfeuropean uniontourismgdpcausality |
| spellingShingle | Ayhan KAPUSUZOGLU Nildag Basak CEYLAN THE CAUSALITY AMONG TOURISM RELATED FACTORS AND GDP FOR EU MEMBERS Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice european union tourism gdp causality |
| title | THE CAUSALITY AMONG TOURISM RELATED FACTORS AND GDP FOR EU MEMBERS |
| title_full | THE CAUSALITY AMONG TOURISM RELATED FACTORS AND GDP FOR EU MEMBERS |
| title_fullStr | THE CAUSALITY AMONG TOURISM RELATED FACTORS AND GDP FOR EU MEMBERS |
| title_full_unstemmed | THE CAUSALITY AMONG TOURISM RELATED FACTORS AND GDP FOR EU MEMBERS |
| title_short | THE CAUSALITY AMONG TOURISM RELATED FACTORS AND GDP FOR EU MEMBERS |
| title_sort | causality among tourism related factors and gdp for eu members |
| topic | european union tourism gdp causality |
| url | http://economic.upit.ro/repec/pdf/2019_2_1.pdf |
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