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Economic Dynamics and Control , November: 321–346. Katircioglu, S. (2009a): Revisiting the Tourism-led Growth Hypothesis for Turkey Using the Bounds Test and Johansen Approach for Cointegration. Tourism Management

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Turkey Using the Bounds Test and Johansen Approach for Cointegration. Tourism Management , 30(1): 17–20. Katircioglu S. T. Revisiting the Tourism-led Growth Hypothesis for Turkey Using

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. Pesaran , M. H. – Shin , Y. – Smith , R. J. ( 2001 ): Bounds Testing Approaches to the Analysis of Level Relationships . Journal of Applied Econometrics , 16 ( 3 ): 289 – 326

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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 bounds testing and the

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, H. - Katircioglu, S. (2010): Financial Development, FDI and Real Income Growth in Turkey: An Empirical Investigation from the Bounds Tests and Causality Analysis. Actual Problems of Economics , 11(114): 215

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Acta Oeconomica
Authors: Konstantinos Katrakilidis, Persefoni Tsaliki, and Theodosios Tsiakis

Economic Theory in the Twentieth Century 1999 Pesaran, M.H. — Shin, Y. — Smith, R.J. (2001): Bounds Testing Approaches to the

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Pesaran, M. H. — Shin, Y. — Smith, R. J. (2001): Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics , 16: 289–326. Smith R. J. Bounds

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. Pesaran , M. H. – Shin , Y. – Smith , R. J. ( 2001 ): Bounds Testing Approaches to the Analysis of Level Relationships . Journal of Applied Econometrics 16 ( 1 ): 289 – 326

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. Hence, to analyse the long-run relationships and dynamic interactions among the variables of interest, the model is estimated by using the bounds testing approach, initially introduced by Shin and Pesaran (1999) and further extended by Pesaran and

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