Özet:

The aim of this study is to identify the causal relationship between the BIST (Borsa Istanbul) Tourism Index and the dollar currency, the dollar index and the oil prices. For this purpose, causal analysis has been applied to the daily data of the period 01 January 2003 - 24 July 2018. Therefore, a total of 4060 observations of each variable were analyzed within the framework of the study. The study used Hatemi-J (2012) asymmetric causality analysis, which allows the traditional Granger (1969) causality analysis to identify the causality relationship between the variables in question, as well as the asymmetric causality analysis, which allows the detection of the asymmetric causality relationship. The findings of the study show the existence of a meaningful Granger causality and asymmetric causality relationship between the variables included in the analysis.

Özet:

The aim of this study is to reveal the causal relationship between the BIST (İstanbul Stock Exchange) Tourism Index and the dollar rate, dollar index and oil prices. For this purpose, causality analyzes were made by using the daily data of 01 January 2003 - 24 July 2018 period. Therefore, a total of 4060 observations for each variable were analyzed. In order to determine the causality relationship between these variables, in addition to the traditional Granger (1969) causality analysis, the asymmetrical causality analysis, which allows to reveal the asymmetrical causality relationship, was used. The findings of the study indicate that there is a significant Granger causality and asymmetric causality relation between variables that included in the analysis.

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