Using Turkish monthly data from 2003 to 2013, the short-term and long-term effects of the real income of foreign countries, and the relative price and uncertainty of the real exchange rate on Turkey's real agricultural export income were analysed using the Johansen co-integration method and the...

This study explores the direction of causality between tourism revenues and economic growth in the selected Mediterranean countries for the period 1995-2011. For this purpose, as the research methods the panel causality tests under the cross-section dependency analysis have been applied....

The Turkish economy has been facing account deficit problems in recent years and tourism revenues play an important role in financing this deficit. Tourism revenues are affected by exchange rate volatility and the effects of exchange rate volatility on tourism revenues need to be researched. The...

Two significant points are usually overlooked when tourism demand is estimated through gravity models. First, international tourism activity is examined without the aid of economic theory. Consequently, this study uses a utility function to evaluate the tourism demand model. Secondly, gravity...