The effects of shocks on Turkish tourism demand: Evidence using panel unit root test

Yagmur Saglam and Apostolos Ampountolas
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Yagmur Saglam: 157915Sinop University, Turkey
Apostolos Ampountolas: 124022Boston University, USA

Tourism Economics, 2021, vol. 27, issue 4, 859-866

Abstract: This empirical study examines the stationarity of tourism demand in Turkey in response to the effects of structural breaks, which indicate external or internal shocks based on tourist arrivals from 12 Slavic-speaking countries between 2000 and 2016. We employed a panel unit root test based on the Flexible Fourier approach, which Karul enhanced to allow gradual shifts and a smooth transition process; structural break dates come from the Carrion-i-Silvestre unit root test framework. The empirical findings indicate that there are differences in the effects of these structural breaks across the 12 countries in question.

Keywords: Flexible Fourier approach; news shocks; Slavic countries; structural breaks; tourism demand; Turkey; unit root test (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:27:y:2021:i:4:p:859-866

DOI: 10.1177/1354816619899831

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