Asymmetric effects of exchange rate on bilateral tourism trade balance: evidence from Turkey

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dc.authoridÖlmez, Fevzi/0000-0003-3847-2778
dc.authoridDURUSU-CIFTCI, Dilek/0000-0003-1911-4801
dc.authorwosidÖlmez, Fevzi/ACL-2264-2022
dc.contributor.authorOlmez, Fevzi
dc.contributor.authorDurusu-Ciftci, Dilek
dc.date.accessioned2024-03-09T18:48:30Z
dc.date.available2024-03-09T18:48:30Z
dc.date.issued2023
dc.departmentİzmir Bakırçay Üniversitesien_US
dc.description.abstractAs an emerging economy, Turkey has experienced a significant structural transformation in the last twenty years. Within this period, Turkey has increased to the eleventh rank for international tourist arrivals in the world (UNWTO 2023). However, in recent years, there has been a rapid depreciation of the national currency, raising the question of how this affects the tourism trade. Using bilateral data and considering non-linearities, we investigate the exchange rate-tourism balance nexus for Turkey and its most tourist sender partners by applying ARDL and NARDL modelling. We find that (i) when the Turkish Lira (TL) appreciates, the tourism balance is positively affected in the German and UK models in the short-run and in the Russian and Netherlands models in the long-run; (ii) the depreciation of the TL, on the other hand, has a positive effect on the tourism balances for France and the UK in the short-run. Therefore, either the increase or decrease in the exchange rate (except for Russia in the short-run) affects the tourism balance insignificantly or positively. These findings imply that policymakers should focus more on country-specific tourism policies to attract more tourists to the country rather than on exchange rate policies to manage the tourism balance.en_US
dc.identifier.doi10.1080/09638199.2023.2185460
dc.identifier.issn0963-8199
dc.identifier.issn1469-9559
dc.identifier.scopus2-s2.0-85149779942en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1080/09638199.2023.2185460
dc.identifier.urihttps://hdl.handle.net/20.500.14034/1355
dc.identifier.wosWOS:000944048900001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledge Journals, Taylor & Francis Ltden_US
dc.relation.ispartofJournal of International Trade & Economic Developmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectTourism; Trade Balance; Exchange Rate; Nardlen_US
dc.titleAsymmetric effects of exchange rate on bilateral tourism trade balance: evidence from Turkeyen_US
dc.typeArticleen_US

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