Article 2023 · 2 citations

A panel hidden cointegration analysis on the political stability and tourism receipts

Bozkurt, Eda, Altiner, Ali, Topcuoglu, Ozlem

Abstract

In the present study, the asymmetric relationships between political stability and tourism receipts in 14 MENA countries were investigated using panel data analysis with annual data of the period between 2002 and 2018. For this purpose, the panel hidden cointegration test developed by Hatemi-J (2011) and allowing the determination of asymmetric relationships between the variables was used. The obtained results confirmed that there were hidden cointegration relationships between the positive and negative components of tourism receipts and political stability variables. In light of these findings, it was determined that, according to the coefficient estimations made using FMOLS and DOLS methods, the level of political stability had significant effects on the tourism receipts. A positive shock in the political stability would positively affect the tourism receipts, whereas a negative shock would have a negative effect.

Keywords

Political stability tourism receipts MENA countries panel hidden cointegration INSTABILITY IMPACT

WoS Categories

Economics

Sustainable Development Goals

Sustainable Cities and Communities

Citation

Journal: APPLIED ECONOMICS LETTERS
Year: 2023
Volume: 30
Issue: 18
Pages: 2530-2535
ISSN: 1350-4851
eISSN: 1466-4291
DOI: 10.1080/13504851.2022.2099790
WoS UID: WOS:000825458200001

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