Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism
Yıl: 2019 Cilt: 9 Sayı: 2 Sayfa Aralığı: 327 - 343 Metin Dili: İngilizce İndeks Tarihi: 30-11-2020
Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism
Öz: This paper explores the dynamic relationship between economic freedom and the tourism industrywhile controlling for the potential heterogeneity. Countries that report high levels of economicfreedom index tend to have a more favorable business climate that increases the stability of the labormarket; monetary system and rule of law. As a consequence, it can attract more investments indifferent sectors including the tourism industry. Thereby, economic freedom is expected to cause thetourism industry. Herein, we have explored the link of interest by collecting the balanced panel datafor 87 countries over the period 2002-2015. The methodology includes the panel VAR model. Thefindings of this article suggest a unidirectional link running from economic freedom to the tourismindustry. Given the importance of the tourism industry, this paper suggests that governments shouldmake necessary changes to foster economic freedom since it is found to be an important factor toattract foreign tourists.
Anahtar Kelime: Ekonomik Özgürlük ve Turizm İlişkisinin Dinamik Panel Veri Analizi
Öz: Bu çalışma, potansiyel heterojenliği kontrol ederken, ekonomik özgürlük ve turizm endüstrisi arasındaki dinamik ilişkiyi araştırmaktadır. Yüksek düzeyde ekonomik özgürlük endeksi rapor eden ülkeler, işgücü piyasasının istikrarını artıran daha uygun bir iş ortamına sahip olma eğilimindedir. Sonuç olarak, turizm endüstrisi de dahil olmak üzere farklı sektörlerde daha fazla yatırım çekilebilir. Böylece ekonomik özgürlüğün turizm sektörünün gelişmesine neden olması beklenmektedir. Çalışmada, 2002-2015 dönemi boyunca 87 ülke için dengeli panel verileri toplanarak ilgi bağlantısı incelenmiştir. Metodoloji panel VAR modelini içermektedir. Bu çalışmanın bulguları, ekonomik özgürlükten turizm endüstrisine uzanan tek yönlü bir bağlantı olduğunu göstermektedir. Turizm endüstrisinin önemi göz önüne alındığında, hükümetlerin yabancı turistleri çekmek için önemli bir faktör olduğu için ekonomik özgürlüğü artırmak üzere gerekli değişiklikleri yapmaları gerektiğini önerilmektedir.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | MUSLIJA A, Satrovic E, Colakovic N (2019). Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. , 327 - 343. |
| Chicago | MUSLIJA Adnan,Satrovic Elma,Colakovic Namik Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. (2019): 327 - 343. |
| MLA | MUSLIJA Adnan,Satrovic Elma,Colakovic Namik Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. , 2019, ss.327 - 343. |
| AMA | MUSLIJA A,Satrovic E,Colakovic N Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. . 2019; 327 - 343. |
| Vancouver | MUSLIJA A,Satrovic E,Colakovic N Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. . 2019; 327 - 343. |
| IEEE | MUSLIJA A,Satrovic E,Colakovic N "Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism." , ss.327 - 343, 2019. |
| ISNAD | MUSLIJA, Adnan vd. "Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism". (2019), 327-343. |
| APA | MUSLIJA A, Satrovic E, Colakovic N (2019). Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 9(2), 327 - 343. |
| Chicago | MUSLIJA Adnan,Satrovic Elma,Colakovic Namik Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 9, no.2 (2019): 327 - 343. |
| MLA | MUSLIJA Adnan,Satrovic Elma,Colakovic Namik Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol.9, no.2, 2019, ss.327 - 343. |
| AMA | MUSLIJA A,Satrovic E,Colakovic N Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2019; 9(2): 327 - 343. |
| Vancouver | MUSLIJA A,Satrovic E,Colakovic N Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2019; 9(2): 327 - 343. |
| IEEE | MUSLIJA A,Satrovic E,Colakovic N "Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism." Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 9, ss.327 - 343, 2019. |
| ISNAD | MUSLIJA, Adnan vd. "Dynamic Panel Data Analysis of the Relationship between Economic Freedom and Tourism". Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 9/2 (2019), 327-343. |
