Akademik Veri Yönetim Sistemi
Journal of emerging economies and policy (Online), cilt.6, sa.2, ss.406-413, 2021 (Hakemli Dergi)
This study aims to explore the impact of international trade, income distribution, economic growth, and tourism development on the quality of life for the case of Turkey, which is a member of OECD and ranks 6th in tourist arrivals, according to United Nations World Tourism Organization (UNWTO, 2020) using annual frequency dataset from 1990-2019. The present study leverages on Fully Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), Canonical Cointegration (CCR) and Johansen Cointegration techniques. Empirical results confirm a long-term relationship between GDP, GINI coefficient, international trade, and quality of life. The analysis results do not confirm the significant effects of tourism development on the quality of life in Turkey. This study concludes that although Turkey is one of the top tourist destinations in the world, this sector does not significantly contribute to a better life of citizens living in Turkey while GDP, GINI coefficient, and international trade are found to be important drivers of life quality in Turkey. The results of this study contain essential policy implications.