TERRORISM AND TOURISM: THE CASE OF TURKEY |
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Authors: | Mehmet E Yaya |
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Institution: | 1. Department of Economics , Eastern Michigan University , Ypsilanti, MI, USA myaya@emich.edu |
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Abstract: | Using a time series method called ‘transfer function’, this paper examines the effect of terrorism on tourism in Turkey. The results indicate that there exists a negative but small impact of terrorism, which is observed within approximately one year. However, terrorist attacks in Turkey have accounted for a reduction of six million foreign tourists over the last nine years. Moreover, the economic cost of terrorism in the tourism industry was more than $700 million in 2006. However, terrorist attacks in continental Europe and America, and an active war involving a neighboring country, had no effects on tourism in Turkey. |
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Keywords: | Transfer function Turkey Terrorism Tourism Economic impact 9/11 Second Persian Gulf War |
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