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Is The Club Convergence Hypothesis Valid For Turkey Tourism Market?

Author

Listed:
  • Fatih Kaplan

    (Mersin University)

  • Erdoğan Öztürk

    (Karabük University)

  • Şule Güngör

    (Mersin University)

Abstract

This study empirically revisits and investigates the tourism convergence via using the convergence club algorithm developed by Phillips and Sul (2007: Transition Modeling and Econometric Convergence Tests. Econometrica.75, 1771–1855). Abbott, De Vita and Altinay (2012: Revisiting The Convergence Hypothesis For Tourism Markets: Evidence From Turkey Using The Pairwise Approach. Tourism Management, 33, 537-544.) not to support club convergence hypothesis valid for Turkey tourism market. Yilanci and Eris (2012: Are tourism markets of Turkey converging or not? A Fourier stationary analysis. Anatolia, 23, 207-216 ) and, Ozcan and Erdogan (2015: Are Turkey's tourism markets converging? Evidence from the two-step LM and three-step RALS-LM unit root. Current Issues in Tourism, 1-18 ) support convergence hypothesis valid for some Turkey tourism market among countries. Therefore, unlike the findings of previously studies, we submit a club convergence for Turkey.

Suggested Citation

  • Fatih Kaplan & Erdoğan Öztürk & Şule Güngör, 2017. "Is The Club Convergence Hypothesis Valid For Turkey Tourism Market?," European Journal of Business and Economics, Central Bohemia University, vol. 12(2), pages 11181:12-11, January.
    • Handle: RePEc:aad:ejbejj:v:12:y:2017:i:2:p:1118
    DOI: 10.12955/ejbe.v12i2.1118
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    References listed on IDEAS

    as
    1. Peter C. B. Phillips & Donggyu Sul, 2007. "Transition Modeling and Econometric Convergence Tests," Econometrica, Econometric Society, vol. 75(6), pages 1771-1855, November.
    2. Paresh Kumar Narayan, 2006. "Are Australia's tourism markets converging?," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1153-1162.
    3. Troy Lorde & Winston Moore, 2008. "Co-Movement in Tourist Arrivals in the Caribbean," Tourism Economics, , vol. 14(3), pages 631-643, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    TurkeyTourism Demand; Convergence Hypothesis;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • Z30 - Other Special Topics - - Tourism Economics - - - General
    • Z39 - Other Special Topics - - Tourism Economics - - - Other

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