Is the Club Convergence Hypothesis Validy for Turkey Tourism Market

Fatih Kaplan, Erdo?an ?zt¨¹rk and ?ule G¨¹ng?r

Research in Applied Economics, 2017, vol. 9, issue 3, 24-30

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¨C1855). 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: Turkey; Tourism Demand; Convergence Hypothesis (search for similar items in EconPapers)
Date: 2017
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