Empirical Evidences on Turkish Tourism-led Growth Experience in the Presence of a Structural Break

Öz p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px 'Minion Pro'; min-height: 14.0px} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: justify; line-height: 10.1px; font: 10.0px 'Minion Pro'; color: #2d2829} span.s1 {font: 12.0px 'Minion Pro'; color: #000000} The aim of this study is analysing the validity of tourism –led growth hypothesis in Turkey for 1965 – 2013. This study’s contributions to the related literature are twofold. Firstly, the most recent data are used for this analysis and secondly, a cointegration analysis based on a structural break in the macroeconomic series is firstly conducted for Turkey. In this context, after a brief introduction, model and data used in this study are explained. Then the methodology and empirical results are given. Lastly, in the conclusions, interpretations of the empirical results and policy implications for Turkey are given.

Anahtar Kelimeler:

Tourism-Led Growth, Structural Break, Time Series, Cointegration

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