A panel hidden cointegration analysis on the political stability and tourism receipts

BOZKURT E., ALTINER A., TOPÇUOĞLU Ö.

APPLIED ECONOMICS LETTERS, cilt.30, sa.18, ss.2530-2535, 2023 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 30 Sayı: 18
  • Basım Tarihi: 2023
  • Doi Numarası: 10.1080/13504851.2022.2099790
  • Dergi Adı: APPLIED ECONOMICS LETTERS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, IBZ Online, International Bibliography of Social Sciences, ABI/INFORM, Business Source Elite, Business Source Premier, CAB Abstracts, EconLit, Geobase, Public Affairs Index, Veterinary Science Database, DIALNET
  • Sayfa Sayıları: ss.2530-2535
  • Anahtar Kelimeler: Political stability, tourism receipts, MENA countries, panel hidden cointegration, INSTABILITY, IMPACT
  • Recep Tayyip Erdoğan Üniversitesi Adresli: Evet

Özet

In the present study, the asymmetric relationships between political stability and tourism receipts in 14 MENA countries were investigated using panel data analysis with annual data of the period between 2002 and 2018. For this purpose, the panel hidden cointegration test developed by Hatemi-J (2011) and allowing the determination of asymmetric relationships between the variables was used. The obtained results confirmed that there were hidden cointegration relationships between the positive and negative components of tourism receipts and political stability variables. In light of these findings, it was determined that, according to the coefficient estimations made using FMOLS and DOLS methods, the level of political stability had significant effects on the tourism receipts. A positive shock in the political stability would positively affect the tourism receipts, whereas a negative shock would have a negative effect.