Impact of terrorism on tourism in Turkey: empirical evidence from Turkey

2010/10/15 by Mete Feridun · 2 citations
Social Sciences · Business, Management and Accounting · #Halal products and consumer behavior #Terrorism, Counterterrorism, and Political Violence #Islamic Finance and Banking Studies

paper · doi:10.1080/00036841003636268

Abstract

This article aims at investigating the causal impact of terrorist attacks on the tourism industry in Turkey based on the Autoregressive Distributed Lag (ARDL) bounds testing procedure for the period between 1986 and 2006. The ARDL bounds test reveals that tourism is in a long-run equilibrium level relationship with terrorism. The evidence obtained from the long-run and short-run parameter estimates indicates the existence of a negative causal effect of terrorism on tourism.

Citations

• Co-Integration and Error Correction: Representation, Estimation, and Testing

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