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Journals / Journal of Tourismology / 2024 / Volume: 10 Issue: 2

Turkey’s Convergence Analysis of Selected OECD Countries in the Tourism Sector

Yağmur Yavuz(Istanbul Gedik University, Faculty of Economics, Administrative and Social Sciences)0000-0001-9497-5172
Sevcan Çağlayan(Istanbul Gedik University, Faculty of Economics, Administrative and Social Sciences)0000-0001-6256-7035
Mehmet Erkan(Istanbul Gedik University, Faculty of Economics, Administrative and Social Sciences)0009-0007-9578-9292
Pages
—
Publication Date
2024-12-31
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results demonstrate that the convergence hypothesis is not valid.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Tourism is a crucial source of foreign income for many developed and developing countries and is a sector required for development.
📊
Key Findings & Data:Turkey is a competitive country in the tourism sector because of its strategic geopolitical location.
💡
Conclusion & Impact:The results demonstrate that the convergence hypothesis is not valid.
🔬Design:Research Article
📍Scope:2007 Verileri
⚙️Variables:Tourism · Linearity test · Unit root test

Abstract

Tourism is a crucial source of foreign income for many developed and developing countries and is a sector required for development. Turkey is a competitive country in the tourism sector because of its strategic geopolitical location. Therefore, Turkey has become one of the top destinations for international tourist arrivals and tourism revenues. In this context, international arrivals and tourism revenues are critical to a country’s economic activities and competitiveness. This study tests Turkey’s convergence hypothesis with OECD countries by using tourism revenues and the number of international arrival data. The linearity tests of Harvey and Leybourne (2007) and Harvey et al. (2008), as well as Fourier-Kruse (2019), and a new unit root test developed as an extension of the test, are used. The results demonstrate that the convergence hypothesis is not valid. This result supports the statistics that Turkey has a more competitive advantage in the tourism sector than selected OECD countries and is a top international destination for tourism.

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Cite This Article

Yavuz, Y., Çağlayan, S., Erkan, M. (2024). Turkey’s Convergence Analysis of Selected OECD Countries in the Tourism Sector. Journal of Tourismology, Volume: 10 Issue: 2. https://doi.org/10.26650/jot.2024.10.2.1480684

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