Cointegration analysis of growth rate in yacht management and tourist expenditures: The case of Türkiye

Authors : Erdal Arli, Mehmet Sıtkı Saygılı, İlkay Sultan Güneş

Pages : 104-119

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Publication Date : 2026-01-02

Article Type : Research Paper

Abstract :Yacht management represents a key component of Türkiye’s maritime tourism sector. Companies offering blue cruise tours remained resilient during the COVID-19 pandemic, continuing operations and making significant contributions to the national economy. This study investigates the relationship between the growth of the yacht management industry and per capita tourist expenditures. Using annual tourist spending as the dependent variable and the number of licensed yacht companies approved by the Ministry of Culture and Tourism as the independent variable, the study employs econometric techniques such as cointegration, Granger causality, FMOLS (Fully Modified Ordinary Least Squares), DOLS (Dynamic Ordinary Least Squares), and variance decomposition analyses. The findings reveal that increases in the number of yacht companies positively influence per capita tourist expenditures. These results underscore the strategic importance of the yacht management sector not only for tourism development but also for regional economic planning and policy formulation aimed at maximizing tourism-related revenues.
Keywords : Deniz Turizmi, Yat Işletmeciliği, Eşbütünleşme Analizi, DOLS, FMOLS

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