Analysis of Tourism Shocks by Unit Root Test with Structural Breaks: The Case of Turkey Cover Image

Turizm Şoklarının Yapısal Kırılmalı Birim Kök Testleriyle Analizi: Türkiye Örneği
Analysis of Tourism Shocks by Unit Root Test with Structural Breaks: The Case of Turkey

Author(s): EKREM DAMAR, Ceyhun Can Özcan, İBRAHİM ÖZMEN
Subject(s): Tourism
Published by: Gazi Üniversitesi- Turizm Fakültesi
Keywords: Tourism; Internal and External Shocks; Structural Break; Unit Root Tests; Stationarity;

Summary/Abstract: It is very important in developing tourism policies to determine the sensitivity of tourism parameters to shocks as well as whether they are permanent or temporary. In this context, the aim of this study investigates to shocks in number of tourists, tourism revenue and the average tourist spending variables between 1965 to 2018 for Turkey. Unit Root tests with one and two structural breaks were used as methods in the analysis of the data. The main finding that obtained the study shows that the shocks are permanent in the short-run but transitory in the long-run.The effect of the shock and dates are guidelines for the shaping of tourism plans and policies.

  • Issue Year: 5/2021
  • Issue No: 1
  • Page Range: 660-677
  • Page Count: 18
  • Language: Turkish