IS THE CLUB CONVERGENCE HYPOTHESIS VALID FOR TURKEY TOURISM MARKET?

Fatih Kaplan, Erdoğan Öztürk () and Şule Güngör ()
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Erdoğan Öztürk: Karabük University
Şule Güngör: Mersin University

European Journal of Business and Economics, 2017, vol. 12, issue 2, 1118 volume1: 12

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.

Keywords: TurkeyTourism Demand; Convergence Hypothesis (search for similar items in EconPapers)
JEL-codes: C23 C40 Z30 Z39 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aad:ejbejj:v:12:y:2017:i:2:p:1118

DOI: 10.12955/ejbe.v12i2.1118

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