Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis
This paper examines the causal relationship between economic freedom and foreign tourist arrivals for 17 post-socialist transition countries during the period from 1996 to 2012. We employ the recently introduced panel Granger causality approach that is flexible enough to take account of both cross-c...
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doaj-cd664d6c2c774f0eb482121ed902b82a2020-11-24T23:52:16ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292017-06-01XXIV2759818418678Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysisCeyhun Can OZCAN0Murat ASLAN1Saban NAZLIOGLU2 Necmettin Erbakan University, Konya, Turkey Yildirim Beyazit University, Ankara, Turkey Pamukkale University, Denizli, Turkey This paper examines the causal relationship between economic freedom and foreign tourist arrivals for 17 post-socialist transition countries during the period from 1996 to 2012. We employ the recently introduced panel Granger causality approach that is flexible enough to take account of both cross-country correlation and heterogeneity across the countries. The empirical results support the evidence on (i) the neutrality between economic freedom-economic growth and between economic growth-international tourism with few exceptions and (ii) the causality from economic freedom to tourism in six out of seventeen transition economies. Post-socialist countries are still in the process of integrating into the market economic system and also the global system; and consequently, the results of the current study are heavily shaped by the historical backgrounds and also the infancy of the transition process of these nations. http://store.ectap.ro/articole/1270.pdf economic freedomforeign tourismeconomic growthtransition countriespanel causality |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Ceyhun Can OZCAN Murat ASLAN Saban NAZLIOGLU |
spellingShingle |
Ceyhun Can OZCAN Murat ASLAN Saban NAZLIOGLU Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis Theoretical and Applied Economics economic freedom foreign tourism economic growth transition countries panel causality |
author_facet |
Ceyhun Can OZCAN Murat ASLAN Saban NAZLIOGLU |
author_sort |
Ceyhun Can OZCAN |
title |
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis |
title_short |
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis |
title_full |
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis |
title_fullStr |
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis |
title_full_unstemmed |
Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis |
title_sort |
economic freedom, economic growth and international tourism for post-communist (transition) countries: a panel causality analysis |
publisher |
General Association of Economists from Romania |
series |
Theoretical and Applied Economics |
issn |
1841-8678 1844-0029 |
publishDate |
2017-06-01 |
description |
This paper examines the causal relationship between economic freedom and foreign
tourist arrivals for 17 post-socialist transition countries during the period from 1996 to 2012. We
employ the recently introduced panel Granger causality approach that is flexible enough to take
account of both cross-country correlation and heterogeneity across the countries. The empirical
results support the evidence on (i) the neutrality between economic freedom-economic growth and
between economic growth-international tourism with few exceptions and (ii) the causality from
economic freedom to tourism in six out of seventeen transition economies.
Post-socialist countries are still in the process of integrating into the market economic system and
also the global system; and consequently, the results of the current study are heavily shaped by the
historical backgrounds and also the infancy of the transition process of these nations. |
topic |
economic freedom foreign tourism economic growth transition countries panel causality |
url |
http://store.ectap.ro/articole/1270.pdf
|
work_keys_str_mv |
AT ceyhuncanozcan economicfreedomeconomicgrowthandinternationaltourismforpostcommunisttransitioncountriesapanelcausalityanalysis AT murataslan economicfreedomeconomicgrowthandinternationaltourismforpostcommunisttransitioncountriesapanelcausalityanalysis AT sabannazlioglu economicfreedomeconomicgrowthandinternationaltourismforpostcommunisttransitioncountriesapanelcausalityanalysis |
_version_ |
1725473931320623104 |