Resumen de Research note: "Re-examining the tourism-led growth hypothesis for Turkey"

Jamal Husein, Sahit Murat Kara

• Since the 1980s, Turkey has given priority to the advancement and expansion of its tourism industry as part of achieving economic growth and development. This study empirically re-examines the possible causal relationships among tourism receipts, real exchange rate and economic growth by using annual data (1964�2006). Johansen multivariate cointegration analysis reveals the existence of a �stable� and significant long-run equilibrium relationship among real GDP, tourism receipts and real exchange rate (RER). Granger causality tests based on the error correction model indicate a unidirectional causality from tourism receipts and RER to real GDP.