Analysis of the Cointegration between the Number of Cruise Tourists and the World Unemployment Rate

Arlı E., Saygılı M. S., Ülker D.

JOURNAL OF ETA MARITIME SCIENCE, cilt.11, sa.4, ss.1-15, 2023 (ESCI)

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 11 Sayı: 4
  • Basım Tarihi: 2023
  • Doi Numarası: 10.4274/jems.2023.46873
  • Dergi Adı: JOURNAL OF ETA MARITIME SCIENCE
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Applied Science & Technology Source, Central & Eastern European Academic Source (CEEAS), Directory of Open Access Journals, TR DİZİN (ULAKBİM)
  • Sayfa Sayıları: ss.1-15
  • İstanbul Üniversitesi Adresli: Evet

Özet

Cruise tourism has a great share in marine tourism and appears as a fast-growing and income-generating sector in the travel industry. The cruise industry, which has a worldwide income of over 27 billion dollars, contributes to employment with the job opportunities it offers. The aim of this study is to analyse whether there is a short- and long-term cointegration relationship between the number of cruise tourists in the world and the world unemployment rate. In this context, data between 1991 and 2019 were analysed using Granger causality and Vector Error Correction (VECM) methods. According to the results, it has been revealed that there is an equilibrium relationship between the two series in the long term and that a 1% change in the number of world cruise tourists reduces the world unemployment rate by 7.6%, and that an imbalance between the two series in the short term will reach equilibrium after approximately three years.