Revisiting the Convergence Hypothesis of Tourism Markets: Evidence from South Africa

Sakiru Solarin

Margin: The Journal of Applied Economic Research, 2014, vol. 8, issue 1, 77-92

Abstract: The purpose of this article is to examine the convergence hypothesis in South Africa’s tourism markets over the period January 2000–December 2011. To check the existence of convergence, the study follows existing papers by applying a unit root test on the difference series and a cointegration test on the original series of visitor arrivals. Premised on geographical dimension, we further investigate cluster-based convergence within African and overseas source markets in South Africa. The results provide evidence for long-run convergence in tourism markets. Furthermore, the findings of cluster-based convergence provide greater support for the convergence within African and overseas source markets, respectively. These findings imply that previous policies aimed at boosting total visitor arrivals in South Africa have been successful, and maintaining such (or similar) strategies may continue to enhance international visitor arrivals in the country. JEL Classification: L83, O47, O55

Keywords: Tourism Markets; Convergence Hypothesis; South Africa (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:8:y:2014:i:1:p:77-92

DOI: 10.1177/0973801013506403

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