- Nazilli İktisadi ve İdari Bilimler Fakültesi Dergisi
- Volume:5 Issue:2
- ASSESSING THE IMPACT OF GEOPOLITICAL RISKS AND ECONOMIC GROWTH ON TOURISM IN ADVANCED COUNTRIES
ASSESSING THE IMPACT OF GEOPOLITICAL RISKS AND ECONOMIC GROWTH ON TOURISM IN ADVANCED COUNTRIES
Authors : Yunus Savaş
Pages : 185-199
Doi:10.59113/niibfd.1520450
View : 80 | Download : 78
Publication Date : 2024-12-30
Article Type : Research Paper
Abstract :The exploration of tourism and its determinants constitutes a well-established domain within research. However, in recent years, the significance of geopolitical risks as a crucial determinant of tourism has gained increasing attention. This study employs a comprehensive analytical framework, incorporating the Kao and Westerlund co-integration test, the panel autoregressive distributed lag (ARDL) model, and Dumitrescu Hurlin (2012) panel causality tests. The analysis focuses on discerning the impact of geopolitical risks and economic growth on tourism receipts across advanced countries, spanning the period from 1996 to 2018. The application of Kao and Westerlund co-integration tests reveals evidence of co-integration among the examined variables. The ARDL model results indicate that geopolitical risks and economic growth are key long-term drivers of tourism receipts: a 1% increase in geopolitical risk raises receipts by about 0.13%, while a 1% GDP increase boosts them by 3.23%. These findings highlight the sustained nature of their influence on tourism receipts over an extended temporal horizon.Keywords : Panel Veri, Ekonomik Büyüme, Turizm, Jeopolitik Riskler
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