FİNANS VE TURİZM SEKTÖRÜ İLİŞKİSİNE EKONOMETRİK BİR BAKIŞ

Finansal gelişme bir ülkedeki yatırımların finanse edilebilmesinde kullanılan finansal araç çeşitliliğin artması ve bu finansal araçlara ulaşılabilirliğin kolaylaşmasını ifade etmektedir. Bu bağlamda finansal gelişimin turizm endüstrisinde doğrudan bir kaldıraç etkisi yaratacağı düşünülmektedir. Bu kapsamda çalışmada, Türkiye için finansal gelişme ve turizm gelirleri arasındaki uzun dönemli eş bütünleşme ilişkisi ve nedensellik ilişkisi 1995-2016 yıllık verileri kullanılarak eş bütünleşme ve nedensellik testleri kullanılarak araştırılmıştır. Çalışmadan elde edilen sonuçlara göre finansal gelişme ve turizm gelirleri değişkenleri arasında uzun dönemde eş bütünleşme ilişkisinin olduğunu söylemek mümkündür. Ayrıca nedensellik testi sonuçları finansal gelişmeden turizm gelirlerine doğru nedenselliğin olduğunu göstermektedir. Nedensellik test sonuçları özellikle çalışmada ele alınan periyod boyunca değişkenler arasındaki ilişkinin en güçlü olduğu dönemin 2011 yılı olduğunu göstermektedir.

Anahtar Kelimeler:

Ekonomik Büyüme, Turizm Gelirleri, Finansal Gelişme, Nedensellik

Econometric Review to the Relationship between Finance and Tourism Sector

Financial development refers to the diversification of the financial instruments used to finance investments in a country and to facilitate accessibility to these financial instruments. In this context, it is thought that financial development will have a direct leverage affect on tourism industry. In this context, long-term co-integration and causality relationship between financial development and tourism revenues has been investigated by cointegration and causality tests using annual data covering 1995-2016 for Turkey. According to the results obtained from the study, it is possible to say that there is a long term co-integration relationship between financial development and tourism incomes variables. In addition, the results of the causality test show that there is a causality from financial development to tourism revenues. Causality test results show that the strongest relationship between variables is in 2011 during the period discussed in the study.

Keywords:

Economic Growth, Tourism Revenues, Financial Development, Causality,

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