Abstract
The aim of this study is to investigate the impact of tourism demand on tax revenues and the bank loans granted to the tourism sector in Turkey. The data covers the period 2007Q1–2018Q3. The methods used included the tests of normality, heteroscedasticity, autocorrelation, CUSUM stability, unit root, Johansen cointegration, VECM error correction model and Quantile Regression. As a result, the hypothesis that the increase in tourism demand will increase the tax revenues and use of loans is supported. The findings may serve as a guide for tourism and fiscal policies. The tourism sector should be supported by public policies to obtain higher tax revenues.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Akpolat, A. G., & Altıntaş, N. (2013). Enerji Tüketimi İle Reel GSYİH Arasındaki Eşbütünleşme Ve Nedensellik İlişkisi: 1961-2010 Dönemi. Bilgi Ekonomisi ve Yönetimi Dergisi, 8(2), 115–127.
Alzboun, N. (2014). Assessment of the effect of sustainability practices on financial leakage in the hotel industry in Jordan. All Dissertations, 1425.
Archer, B. H. (1982). The value of multipliers and the policy implications. Tourism Management, 3(4), 236–241.
Archer, B. (1995). Importance of tourism for the economy of Bermuda. Annals of Tourism Research, 22(4), 918–930.
Archer, B., & Fletcher, J. (1996). The economic impact of tourism in the Seychelles. Annals of Tourism Research, 23(1), 32–47.
Baum, C. F. (2013). Quantile regression. http://fmwww.bc.edu/EC-CS. Accessed March 15, 2019.
Cao, Z., Li, G., & Song, H. (2017) Modelling the interdependence of tourism demand: The global vector autoregressive approach. Annals of Tourism Research, 67, 1–13.
Chudik, A., & Fratzscher, M. (2011). Identifying the global transmission of the 2007–2009 financial crisis in a GVAR model. European Economic Review, 55(3), 325–339.
Galesi, A., & Sgherri, S. (2009). Regional financial spillovers across Europe: A global VAR analysis (IMF Working Papers 09/23). International Monetary Fund.
Khan, H., Seng, C. F., & Cheong, W. K. (1990). Tourism multiplier effects on Singapore. Annals of Tourism Research, 17(3), 408–418.
Kırca, M., & Topal, M. H. (2017). Türkiye’de Turizm Talebinin Vergi Gelirleri Üzerindeki Etkisinin Analizi. Balkan and Near Eastern Journal of Social Sciences, 3(2).
Kurtoğlu, F. (2011). Quantile Regresyon: Teorisi ve Uygulamaları, Dissertation, University of Cukurova.
Mazumder, M. N. H., Ahmed, E. M., & Al-Amin, A. Q. (2009). Does tourism contribute significantly to the Malaysian economy? Multiplier analysis using IO technique. International Journal of Business and Management, 4(7), 146–159.
Mowlana, H., & Smith, G. (1990). Tourism, telecommunications and transnational banking: A framework for policy analysis. Tourism Management, 11(4), 315–324.
Palmer, T., & Riera, A. (2003). Tourism and environmental taxes. With special reference to the Balearic ecotax. Tourism Management, 24(6), 665–674.
Sinclair, M. T., & Stabler, M. (1997). The economics of tourism. London: Routledge.
Tarı, R. (2011). Ekonometri. Kocaeli: Umuttepe Yayınları.
Var, T., & Quayson, J. (1985). The multiplier impact of tourism in the Okanagan. Annals of Tourism Research, 12(4), 497–514.
Volgushev, S., Birke, M., Dette, H., & Neumeyer, N. (2013). Significance testing in quantile regression. Electronic Journal of Statistics, 7, 15–145.
Wanhill, S. (1994). The measurement of tourist income multipliers. Tourism Management, 15(4), 281–283.
WTTC. (2009). Economic impact research. https://www.wttc.org/. Accessed May 14, 2019.
Yusaku, H. (2002). The expansions of the essays on tourism multiplier model. The Economic Journal of Takasaki City University of Economics, 45(1), 15–33.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this paper
Cite this paper
Şit, M., Şit, A., Karadağ, H. (2020). The Impact of Tourism Demand on Tax Revenues and Bank Loans in Turkey. In: Tsounis, N., Vlachvei, A. (eds) Advances in Cross-Section Data Methods in Applied Economic Research. ICOAE 2019. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-38253-7_45
Download citation
DOI: https://doi.org/10.1007/978-3-030-38253-7_45
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-38252-0
Online ISBN: 978-3-030-38253-7
eBook Packages: Economics and FinanceEconomics and Finance (R0)