IS THE CLUB CONVERGENCE HYPOTHESIS VALID FOR TURKEY TOURISM MARKET?
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.References
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