The Relation Between Current Account Deficit and Tourism: The Case of Turkey

In this study the effects of service's balance, tourism balance and current account deficit are studied. In the countries with a relatively small share in the current account of the tourism industry, the analysis related to tourism and foreign trade has biased results. For this reason, this stu...

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Bibliographic Details
Published in:International journal of economics and financial issues 2015, Vol.5 (2)
Main Authors: Alp, Elçin Aykaç, Genc, Elif Guneren
Format: Article
Language:English
Subjects:
Accounts payable
Developing countries
Economic development
Economic growth
Error correction & detection
GDP
Generalized method of moments
Global economy
Gross Domestic Product
International trade
LDCs
Macroeconomics
Persian Gulf War
Service industries
Sustainability
Tourism
Trends
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Summary:In this study the effects of service's balance, tourism balance and current account deficit are studied. In the countries with a relatively small share in the current account of the tourism industry, the analysis related to tourism and foreign trade has biased results. For this reason, this study examines how the tourism industry affects the service industry and by this means how it affects the current account balance. The second important issue is that linear time series methods are inadequate because of the nature of the structure of the variables.
ISSN:2146-4138