Vol. 9 No. 3 (2021): Business & Management Studies: An International Journal
Articles

The relationship between international trade and international tourism: The case of Turkey (1970-2019)

Suna Şahin
Assist. Prof. Dr., İstanbul New Century University

Published 2021-09-24

Keywords

  • Uluslararası Ticaret, Küreselleşme, Uluslararası Turizm
  • International Trade, Globalization, International Tourism

How to Cite

Şahin, S. (2021). The relationship between international trade and international tourism: The case of Turkey (1970-2019). Business & Management Studies: An International Journal, 9(3), 1060-1075. https://doi.org/10.15295/bmij.v9i3.1876

Abstract

As part of the global development and integration process, international tourism has become one of the influential factors that depend on the economy's growth, the increase in the country's competitiveness in world markets, and the increase in the population's welfare. Furthermore, tourism is an international and multidimensional phenomenon that causes countries to open their borders. Therefore, this study aims to reveal the reflections of tourism on trade. In this context, unit root, causality and cointegration analyzes were conducted for the variables obtained for the period 1970-2019 for Turkey. As a result, according to the analysis results using real GDP, total trade (export and import data), tourism data (tourism revenues and number of incoming tourists), international tourism is the Granger cause of international trade in Turkey in the specified periods. Furthermore, the long-term validity of the results within the scope of the study was tested with the help of Engle-Granger Co-integration analysis, and it was concluded that the obtained relationship was also valid in the long term.

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