TÜRKİYE’DE REEL DÖVİZ KURUNUN TURİZM GELİRLERİ ÜZERİNE ETKİSİ: 2010-2017 DÖNEMLERİ İÇİN AMPİRİK BİR UYGULAMA

Abstract

This study analyzes the correlation between the real exchange rate and tourism receipts in Turkey using the conventional unit root test Augmented Dickey-Fuller (ADF), and the Phillips–Perron (PP) test. According to the analysis results for a monthly data set covering the period from 2010:1 to 2017:6, the real exchange rate has an impact on Turkey’s tourism receipts. Based on the cointegration model, there are long-term negative correlations between the real exchange rate and tourism receipts. The results of the Granger causality test have yielded a one-way causality running from the exchange rate to the tourism receipts. Considering the research results, the economic dimension of the tourism sector in Turkey should be more foregrounded and regulations should be introduced to increase the receipts from the sector.