scholarly journals Panel Granger causality analysis of relationships between tourism and economic growth in the top eight tourist destinations

2020 ◽  
Vol 71 (4) ◽  
pp. 407-430
Author(s):  
Özgür Bayram Soylu
Keyword(s):  
Economic Growth ◽  
Causality Analysis ◽  
Important Place ◽  
Panel Causality ◽  
Tourist Destinations ◽  
Positive Effects ◽  
Panel Granger Causality ◽  
Political Effects ◽  
Causality Relationship ◽  
National Economies

The tourism has economic, social and political effects and contributes to the economic development of many countries. Interaction levels of national economies increase with tourism through globalization. This study aims to test the causality relationship between the components of the tourism and economic growth. The causality relationship between the components of the tourism and economic growth by using panel causality analysis method. The findings indicate a bi-directional causality relationship between growth and tourism expenditures and tourism revenues. Tourism expenditures, tourism receipts and number of international arrivals are parameters of the tourism. Real gross domestic product ratio is used as a growth indicator. The top eight tourist destinations are analyzed; Spain, Italy, Russia, Turkey, France, China, USA, UK. In this context; A panel dataset was created for the top eight tourism countries over the period 1995–2017. The arrivals of tourists, expenditure levels of tourists and tourism receipts are important indicators for the national economies. The positive effects of these indicators on the balance of payments, being a source of foreign exchange, employment creation, triggering investment in infrastructure and superstructure and creating a revitalizing effect in other sectors, have an important place in the region and country economy with their socio-cultural reflections.

scholarly journals Identifying Causality Relationship between Energy Consumption and Economic Growth in Developed Countries

2017 ◽  
Vol 1 (2) ◽  
pp. 71 ◽  
Author(s):  
Hasan Dinçer ◽  
Serhat Yüksel ◽  
Zafer Adalı
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Energy Consumption ◽  
Developed Countries ◽  
Annual Data ◽  
Causality Analysis ◽  
Panel Causality ◽  
Bidirectional Relationship ◽  
Causality Relationship ◽  
Economic Improvement

The main purpose of this study is to evaluate the causality relationship between energy consumption and economic growth for developed countries. Within this context, annual data of 22 developed countries was examined by using Dumitrescu Hurlin panel causality analysis. As a result, it was determined that that there is a bidirectional relationship between energy consumption and economic improvement for developed countries. This condition provides two different results. Firstly, energy consumption has an influence on economic development for these countries. While considering this result, it can be said that any limitation in energy consumption will restrict economic growth. Moreover, it was also concluded that level of economic growth is the main reason of energy consumption for developed countries. In other words, developed countries tend to have more energy consumption when their economies are growing.

scholarly journals Investigating Existence of Tourism-Led Growth Hypothesis in Cental Asian Republics: A Bootstrap Panel Causality Analysis

2013 ◽  
Author(s):  
Ekrem Erdem ◽  
Can Tansel Tuğcu
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Causality Analysis ◽  
Panel Causality ◽  
Granger Causality Analysis ◽  
Panel Granger Causality ◽  
Growth Hypothesis ◽  
Country Specific

The contribution of tourism to economic growth can be analyzed under the hypothesis of tourism-led growth. In this sense, this study aims at investigating the existence of the tourism-led growth hypothesis in the Turkic republics for the period 1995-2011. To this end, a bootstrap panel Granger causality analysis which was recently developed by Konya (2006) was employed. Results showed that, in a panel context, the tourism-led growth hypothesis is valid for the Turkic republics. However, the validity of this hypothesis is country specific.

scholarly journals The Impacts of Research and Development Expenses on Export and Economic Growth

2017 ◽  
Vol 1 (1) ◽  
pp. 1 ◽  
Author(s):  
Serhat Yüksel
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Unit Root ◽  
Union Member ◽  
Unit Root Tests ◽  
Annual Data ◽  
Causality Analysis ◽  
Panel Unit Root Tests ◽  
Panel Causality ◽  
Causality Relationship

The purpose of this study is to identify the effects of research and development expenses on export and economic growth. Within this scope, annual data of 28 European Union member countries for the periods between 1996 and 2014 was taken into the consideration. Additionally, Dumitrescu Hurlin panel causality analysis was used in this study to achieve this objective. First of all, Im, Pesaran and Shin and Levin, Lin & Chu panel unit root tests were used to understand whether the variables are stationary or not. As a result of these tests, it was defined that the variable of economic growth is stationary whereas other two variables (export and R&D) are not. According to the results of Dumitrescu Hurlin causality analysis, it was determined that there is not a significant relationship between economic growth and R&D. On the other hand, it was concluded that there is a causality relationship from export to R&D expenses. This situation shows that EU member countries, which have higher export amount, give more importance to R&D in order to improve themselves.

scholarly journals The Relationship of Economic Growth And Terrorism with the Human Development Index: A Causality Analysis on MENA Countries

2020 ◽  
Vol 11 ◽  
pp. 226-234
Author(s):  
Günay Özcan ◽  
Cigdem Karter
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Human Development Index ◽  
Causality Analysis ◽  
Panel Causality ◽  
Development Index ◽  
Mena Countries ◽  
Causality Relationship ◽  
Relationship Of ◽  
The Relationship

Examining the human development of societies is one of the important economic policy practices of recent times. Therefore, economies steer the sub-components of human development and their policies implemented by researching the factors that affect such sub-components. In this context, the aim of this study is to examine the relationship between economic growth and terrorism with human development in 12 selected MENA countries in the period of 2002-2017 by the panel causality method. The findings obtained as a result of the panel causality analysis show that both terrorism and economic growth have bidirectional causality with the human development index throughout the panel. A causality relationship has also been found in many countries on a country basis

The Causality Relationship Between Natural Gas Consumption and Economic Growth in Caucasus and Central Asian Economies With Natural Gas Exporters

2020 ◽  
pp. 1-17 ◽  
Author(s):  
Meryem Filiz Baştürk
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Causality Analysis ◽  
Real Gdp ◽  
Central Asian ◽  
Panel Granger Causality ◽  
Asian Economies ◽  
Gas Consumption ◽  
Causality Relationship ◽  
Natural Gas Consumption

In this study, the causality relationship between natural gas consumption and economic growth in the Caucasus and Central Asian economies (Azerbaijan, Kazakhstan, Uzbekistan, and Turkmenistan) exporting natural gas was investigated using the bootstrap panel Granger causality analysis developed by Kónya for the period 1993–2017. As a result of the analysis, a causality from natural gas consumption to real GDP for Azerbaijan and a causality from real GDP to natural gas consumption in Uzbekistan and Turkmenistan were found. For Kazakhstan, the authors concluded that there was a bi-directional causality between natural gas consumption and real GDP.

Conflict Risk and Defense Expenses and Their Impact on the Economic Growth

2021 ◽  
pp. 646-668
Author(s):  
Hasan Dinçer ◽  
Ümit Hacıoğlu ◽  
Serhat Yüksel
Keyword(s):  
Economic Growth ◽  
Emerging Countries ◽  
Annual Data ◽  
Negative Effects ◽  
Causality Test ◽  
Panel Causality ◽  
High Conflict ◽  
Emerging Country ◽  
Causality Relationship ◽  
Conflict Risk

The main purpose of this chapter is to identify the effects of conflict risk and defense expenses on economic growth. Within this scope, annual data of 17 emerging economies for the period between 1989 and 2014 were analyzed. In addition to this situation, Dumitrescu Hurlin panel causality test was taken into consideration in order to reach the objective. As a result of the analysis, it was determined that there is a causality relationship between conflict and defense expenses for these countries. This situation shows that emerging countries, which have high conflict risk, also increase defense expenses so as to minimize the negative effects of these conflicts. Additionally, it was also identified that economic growth is a significant reason of high defense expenses. In other words, it can be said that when the economy of an emerging country is developed, it gives more importance to defense expenses in order to take action for this conflict.

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