Open AccessIs the Club Convergence Hypothesis Validy for Turkey Tourism Market
Author(s) -
Fatih Kaplan,
Erdoğan Öztürk,
Şule Yüksel Güngör
Publication year - 2017
Publication title -
research in applied economics
Language(s) - English
Resource type - Journals
ISSN - 1948-5433
DOI - 10.5296/rae.v9i3.11334
Subject(s) - tourism , convergence (economics) , club , pairwise comparison , unit root , economics , convergence clubs , econometrics , economic geography , economy , financial economics , geography , macroeconomics , mathematics , statistics , medicine , archaeology , anatomy
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.