Economic Dynamics and Control
, November: 321–346.
Katircioglu, S. (2009a): Revisiting the Tourism-led Growth Hypothesis for Turkey Using the BoundsTest and Johansen Approach for Cointegration.
Authors:Konstantinos Spinthiropoulos, Christos Nikas, and Eleni Zafeiriou
growth in Turkey, found that there is a bidirectional causality between worldwide tourism and financial development. In the same vein, Katircioglu (2009) examined the nexus between tourism and economic growth in Turkey by using boundstesting and the
Authors:Hasan Güngör, Salih Katircioglu, and Mehmet Mercan
, H. - Katircioglu, S. (2010): Financial Development, FDI and Real Income Growth in Turkey: An Empirical Investigation from the BoundsTests and Causality Analysis. Actual Problems of Economics , 11(114): 215
. Hence, to analyse the long-run relationships and dynamic interactions among the variables of interest, the model is estimated by using the boundstesting approach, initially introduced by Shin and Pesaran (1999) and further extended by Pesaran and