Persistency in tourism expenditure in a small-open economy
Yükleniyor...
Tarih
2018
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study aims to examine whether the shocks to the Turkish tourism have a permanent or a transitory effect on tourism expenditure for the period 1964-2012. We took the structural break periods from Lumsdaine and Papell (LP) unit-root test as a base and implemented the Augmented Dickey-Fuller unit-root test for the three different sub-periods of the series of tourism expenditure. In this study, we also estimated the measure of half-life for the effects of shocks on the series under consideration and the grid-bootstrap method to estimate confidence intervals. The results show, irrespective of the structural breaks, the effect of shocks on tourism expenditure is persistent; however, considering the structural breaks, the effect of shocks on tourism expenditure is transitory.
Açıklama
ozdemir, zeynel abidin/0000-0001-8600-0463; Arslanturk, Yalcin/0000-0003-0936-5391
Anahtar Kelimeler
Turkish tourism, tourism expenditure, structural change, persistence
Kaynak
Anatolia-International Journal Of Tourism And Hospitality Research
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
29
Sayı
1
Künye
closedAccess
