Convergence hypothesis in tourism markets and activities in Taiwan
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[1] Multimedia University
Multimedia University
Malasia
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- Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 24, Nº. Extra 8, 2018 (Ejemplar dedicado a: Advances in tourism economics: The 6th international conference of IATE), págs. 1037-1044
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
Tourism policies do not only focus on how to improve arrivals from different tourism markets but also for different tourism activities. However, studies on convergence hypothesis of tourist arrivals, which can provide guidelines on how tourism policies should be conducted, have concentrated on convergence of tourism markets. The main contribution of this study is that in addition to convergence hypothesis in tourism markets, we have considered convergence hypothesis in tourism activities. We focus on Taiwan, and using a recently developed residual augmented least squares unit root test that allows for structural breaks and non-normality, we observe that convergence exists in the 15 major tourism markets and in 4 of the 5 major tourism activities in Taiwan. As a robustness check, we have also used a club convergence approach, and the results provide dominant evidence for club convergence in the tourism sector of Taiwan. The policy implications of the findings are provided within the article
