Convergence hypothesis in tourism markets and activities in Taiwan

Sakiru Solarin

Tourism Economics, 2018, vol. 24, issue 8, 1037-1044

Abstract: Tourism policies do not only focus on how to improve arrivals from different tourism markets but also for different tourism activities. However, studies on convergence hypothesis of tourist arrivals, which can provide guidelines on how tourism policies should be conducted, have concentrated on convergence of tourism markets. The main contribution of this study is that in addition to convergence hypothesis in tourism markets, we have considered convergence hypothesis in tourism activities. We focus on Taiwan, and using a recently developed residual augmented least squares unit root test that allows for structural breaks and non-normality, we observe that convergence exists in the 15 major tourism markets and in 4 of the 5 major tourism activities in Taiwan. As a robustness check, we have also used a club convergence approach, and the results provide dominant evidence for club convergence in the tourism sector of Taiwan. The policy implications of the findings are provided within the article.

Keywords: convergence; structural breaks; Taiwan; time series; tourism activities; tourism markets (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:24:y:2018:i:8:p:1037-1044

DOI: 10.1177/1354816618795526

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