Downloads: 109
Research Paper | Economics | Turkey | Volume 5 Issue 4, April 2016
Long and Short Term Relationship between Real Exchange Rate, Travel Revenues and Expenditure in Turkey during the Period of 2003:1-2016:1
Nazm CATALBAS
Abstract: The relationship between real exchange rate and travel revenue and expenditure in Turkey, monthly data for the period of 20031-20161 by means of the VAR model have been examined in this study. Findings have been interpreted by Johansen cointegration analysis, Granger (1969) causality test, impulse response analysis and variance disintegration. Johansen cointegration test results show that there is no cointegration between data in the long term and data act randomly. Granger causality test shows that there is a causality only from real exchange rate to travel expenses in the short time. These results point out that it must be attach more importance to customer satisfaction, service quality, promotion, accessibility to destinations, security and other factors rather than real exchange rate in order to increase travel earnings of Turkey.
Keywords: Tourism, Real Exchange Rate, Cointegration Analysis, VAR, Granger Causality
Edition: Volume 5 Issue 4, April 2016,
Pages: 1888 - 1898
How to Cite this Article?
Nazm CATALBAS, "Long and Short Term Relationship between Real Exchange Rate, Travel Revenues and Expenditure in Turkey during the Period of 2003:1-2016:1", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=NOV163085, Volume 5 Issue 4, April 2016, 1888 - 1898
How to Share this Article?
Similar Articles with Keyword 'Tourism'
Downloads: 1
Research Paper, Economics, Vietnam, Volume 10 Issue 7, July 2021
Pages: 894 - 900The Effect of Corporate Sustainability on Performance of Tourist Businesses and the Mediating Role of Employee Commitment, Investor Commitment and Community Participation: The Case in Vietnam South Central Coast
Vo Thi Tam, Vo Tan Phong
Downloads: 30
Research Paper, Economics, India, Volume 10 Issue 3, March 2021
Pages: 999 - 1003Prospective Role of Agro-Tourism in Transformation of Rural India
Dr. Sharmila Bose
Similar Articles with Keyword 'VAR'
Downloads: 115
Research Paper, Economics, India, Volume 9 Issue 6, June 2020
Pages: 1176 - 1179An Economics Analysis of Rose Production System in Pushkar Sub-Tehsil of Ajmer
Dr. Gayatri Tanwar
Downloads: 0
Research Paper, Economics, India, Volume 10 Issue 5, May 2021
Pages: 94 - 96A Study on Possibilities of India for being $5 Trillion Economy till 2025 Considering COVID-19 Crises
Somya Saran
Similar Articles with Keyword 'Granger Causality'
Downloads: 1 | Monthly Hits: ⮙1
Research Paper, Economics, Kenya, Volume 10 Issue 11, November 2021
Pages: 390 - 396Financial Development and Economic Growth in Kenya: Granger Causality Approach
Kiprop J. Mercy
Downloads: 90
Research Paper, Economics, China, Volume 6 Issue 8, August 2017
Pages: 1291 - 1295The Influence of Supply-Side Factors on the Upgrading of Chinas Industrial Structure
Juan Shang, Yao Tong