Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197042
Authors: 
Işik , Cem
Doğan, Eyüp
Ongan, Serdar
Year of Publication: 
2017
Citation: 
[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 5 [Year:] 2017 [Issue:] 4 [Pages:] 1-13
Abstract: 
By using the Emirmahmutoglu-Kose bootstrap Granger non-causality method, this study explores the directions of causality among tourist arrivals, tourism receipts, energy consumption and economic growth for the top 10 most-visited countries (France, the USA, Spain, China, Italy, Turkey, Germany, the United Kingdom, Russia, and Mexico) in the world. This study finds a variety of causal directions between the pair of analyzed variables for each country and the panel. Since cross-sectional dependence exists across the top countries for the analyzed variables, the bootstrap Granger causality test that accounts for the mentioned issue in the estimation process presumably produces reliable and accurate outputs. Further results and policy implications are discussed in this empirical study.
Subjects: 
Granger causality
tourist arrivals
tourism receipts
energy consumption
economic growth
the top 10 most-visited countries
JEL: 
C1
N7
O11
O13
O40
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
Social Media Mentions:

Files in This Item:
File
Size
419.88 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.