SavedAdd your journal

Journals / Üçüncü Sektör Sosyal Ekonomi / 2020 / Cilt: 55 - Sayı: 1

Convergence Analysis of Turkey's Tourism Market: Evidence from Fourier Unit Root Tests

Türkiye’nin Turizm Piyasalarının Yakınsama Analizi:Fourier Birim Kök Testlerinden Kanıtlar

Ömer YALÇINKAYA
Şekip YAZGAN
Pages
93–110
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

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

These results show that the tourism strategies implemented in Turkey's international tourism markets by policy makers are effective in 53 markets where convergence is taking place and relatively not effective in 44 of the markets where there is no convergence.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study aims to investigate the convergence hypothesis regarding Turkey, one of the world's most important tourism destinations and a developing country, for international tourism markets, from the perspective of empirical validity.
📊
Key Findings & Data:With this purpose, the study econometrically examines the validity of the convergence hypothesis for Turkey’s international tourism market, which makes up almost all of it, and 97 international tourism markets of various sizes located in different continents, in the context of time series analysis, using Fourier unit root tests, for the 1996:M1-2018:M12 period.
💡
Conclusion & Impact:These results show that the tourism strategies implemented in Turkey's international tourism markets by policy makers are effective in 53 markets where convergence is taking place and relatively not effective in 44 of the markets where there is no convergence.
🔬Design:Research Article
📍Scope:2018 Verileri
⚙️Variables:Domain Parameters

Abstract

This study aims to investigate the convergence hypothesis regarding Turkey, one of the world's most important tourism destinations and a developing country, for international tourism markets, from the perspective of empirical validity. With this purpose, the study econometrically examines the validity of the convergence hypothesis for Turkey’s international tourism market, which makes up almost all of it, and 97 international tourism markets of various sizes located in different continents, in the context of time series analysis, using Fourier unit root tests, for the 1996:M1-2018:M12 period. As a result of the study, the convergence hypothesis was determined to be valid in empirical terms in 53 of the international tourism markets in Turkey and invalid in 44 of them. These results show that the tourism strategies implemented in Turkey's international tourism markets by policy makers are effective in 53 markets where convergence is taking place and relatively not effective in 44 of the markets where there is no convergence.

Özet

Bu çalışmada, dünyanın en önemli turizm destinasyonları arasında bulunan ve gelişmekte olan bir ülke konumundaki Türkiye’nin uluslararası turizm piyasaları için yakınsama hipotezinin geçerliliğinin ampirik açıdan incelenmesi amaçlanmaktadır. Bu amaçla çalışmada, Türkiye’nin uluslararası turizm piyasasının yaklaşık tamamını oluşturan ve dünyanın farklı kıtalarında konumlanan irili ufaklı 97 uluslararası turizm piyasası için yakınsama hipotezinin geçerliliği, zaman serisi analizi kapsamında Fourier birim kök testleri kullanılarak 1996:M1-2018:M12 dönemi için ekonometrik olarak incelenmektedir. Çalışma sonucunda, Türkiye’nin uluslararası turizm piyasalarından 53 tanesinde yakınsama hipotezinin ampirik açıdan geçerli olduğu belirlenirken, 44 tanesinde ise yakınsama hipotezinin ampirik açıdan geçerli olmadığı tespit edilmektedir. Bu sonuçlar, Türkiye’de politika yapıcıları tarafından uluslararası turizm piyasalarında izlenen mevcut turizm stratejilerinin; yakınsamanın gerçekleştiği 53 turizm piyasasında etkili olduğunu gösterirken, yakınsamanın gerçekleşmediği 44 turizm piyasasında ise görece etkili olmadığını ortaya koymaktadır.

🔖

Cite This Article

YALÇINKAYA, Ö., YAZGAN, Ş. (2020). Convergence Analysis of Turkey's Tourism Market: Evidence from Fourier Unit Root Tests. Üçüncü Sektör Sosyal Ekonomi, Cilt: 55 - Sayı: 1, 93–110. https://ajindex.com/articles/320263

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (19)

  1. Abbott, A., Vita, G., & Altinay, L. (2012). “Revisiting the convergence Hypothesis for Tourism Markets: Evidence from Turkey Using the Pairwise Approach”, Tourism Management, 33, 537-544.
  2. Bahar, O., Kozak, M. (2013).
  3. Turizm Ekonomisi, T.C. Anadolu Üniversitesi Yayınları,
  4. Eskişehir. Balaguer, J., Cantavella-Jordá, M. (2002). “Tourism as a Long-run Economic Growth Factor: The Spanish Case”, Applied Economics, 34(7): 877-884.
  5. Becker, R., Enders, W. & Lee, J. (2006). “A Stationarity Test in The Presence of An Unknown Number of Smooth Breaks”, Journal of Time Series Analysis, 27(3), 381-409.
  6. Brida, J. G., Carrera, E. H., & Risso, Wi.A. (2008). “A Long-Run Equilibrium Demand Function: The Mexican Tourism’’, TOURISMOS: An International Multidisciplinary Journal of Tourism, 3(1): 66-82.
  7. Divisekara, S., Montanes, A., & Marcelo, R. (2003). “A model of demand for international tourism”, Annals of Tourism Research, 30(1), 31 -49. Enders, W., Lee, J. (2012). “The flexible Fourier form and Dickey–Fuller Type Unit Root Tests”, Economics Letters, 117(1), 196-199.
  8. Gujarati, D. N., Dawn C. Porter, (2012).Temel Ekonometri, Beşinci Basımdan Çeviri, 1. Baskı, Çev. Şenesen Ümit ve Gülay Günlük Şenesen, Litaratür Yayınları,
  9. İstanbul.
  10. Hepsag, A. (2016). “Testing Convergence of Tourism Markets: Evidence from Seasonal Unit Roots Test”, Anatolia, 27(2), 177-188.
  11. Katrakilidis, C., Konteos, G., Sariannidis, N. & Manolidou, C. (2017). “Investigation of Convergence in the Tourist Markets of Greece”, European Research Studies Journal Volume XX, Issue 4A, 707-729.
  12. Kennedy, P. (2006). Ekonometri Kılavuzu, (Çev: M. Sarımeseli ve S. Açıkgöz), (5. Baskı). Ankara:
  13. Gazi Kitabevi.
  14. Lean, H. H., Smyth, R. (2008). “Are Malaysia’s Tourism Markets Converging? Evidence from Univariate And Panel Unit Root Tests With Structural Breaks”, Tourism Economics, 14, 97–112.
  15. Lorde, T., Moore, W. (2008). “Co-Movement in Tourist Arrivals in The Caribbean”, Tourism Economics, 14, 631-643.
  16. Narayan, P. K. (2006). “Are Australia’s Tourism Markets Converging?”, Applied Economics, 38, 1153-1162.
  17. Narayan, P.K. (2011). “A Tourism Demand Model for Fiji, 1970–2000”, Pacific Economic Bulletin, 17(2), 103–116.
  18. Ozcan, B., Erdogan, S. (2017). “Are Turkey's Tourism Markets Converging? Evidence from The Two-Step LM and Three-Step RALS-LM Unit Root Tests”, Current Issues in Tourism, 20(4), 425-442.
  19. Rodrigues, P. M., Taylor, R. A. M. (2012), “The Flexible Fourier Form and Local Generalised Least Squares De‐trended Unit Root Test