The spillover effects of tourism receipts, political risk, real exchange rate, and trade indicators in Turkey
International Journal of Tourism Research, cilt.21, sa.6, ss.813-823, 2019 (SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 21 Sayı: 6
- Basım Tarihi: 2019
- Doi Numarası: 10.1002/jtr.2307
- Dergi Adı: International Journal of Tourism Research
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
- Sayfa Sayıları: ss.813-823
- Anahtar Kelimeler: geopolitical risk, real exchange rate, Republic of Turkey, spillover effect, tourism receipts, trade, uncertainty
- İstanbul Gelişim Üniversitesi Adresli: Evet
Özet
In examining the spillover effects of tourism receipts and the uncertainty-induced factors in Turkey, this study examines the spillover effects of tourism receipts and related sources of uncertainties from trade- and political-related factors. Using the novelty of Diebold and Yilmaz “Better to give than to receive: Predictive directional measurement of volatility spillovers” approach, the study reveals that tourism receipts have a net spillover of 4.1%, thus indicating that the country's tourism industry received a significant shock. Spillover effects from other variables are observed, thus suggesting a hedging policy mechanism for the country's tourism sector.