IS TOURISM CONVERGENCE VALID IN TURKEY? EVIDENCE FROM FURUOKA UNIT ROOT TEST

Authors : Ceren PEHLİVAN, Gökhan KONAT, Ayşegül HAN, Ferhat ÖZBAY

Pages : 209-229

Doi:10.18074/ckuiibfd.1163938

View : 120 | Download : 110

Publication Date : 2023-03-31

Article Type : Research Paper

Abstract :The positive effects of tourism on the economy are gradually increasing. These positive effects force countries to seek new policies to develop the tourism sector further. Turkey has a critical position in the tourism sector, and its main policy in this area is to increase its income. This study purpose of testing the validity of the convergence hypothesis for the countries located in different continents of the world in Turkey\`s international tourism market. The study covering the years 2000-2020 analyzed eight groups insert ignore into journalissuearticles values(Africa, America, Asia, Europe, Independent States, OECD, Oceania and non-national); with the data created by the Turkish Statistical Institute insert ignore into journalissuearticles values(TUIK);. The unit root test developed by Furuoka insert ignore into journalissuearticles values(2017); is used to test the validity of the convergence hypothesis. As a result of this study found model D to be the most appropriate method among the four proposed alternatives. Accordingly, it is seen that the convergence is not valid for Asia, Europe and Oceania. It is also concluded that convergence is valid for America, OECD, Non-National, Independent States and Africa.
Keywords : turizm, türkiye ekonomisi, birim kök testi