Is the volatility of international tourism revenues affected by tourism source market structure? An empirical analysis of Turkey
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Tarih
2023
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Sage Publications Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study examines the effect of tourism source market structure on the volatility of tourism revenues in Turkey, using the number of tourists according to nationality and the data on international tourism revenues. The tourism source market structure was measured using the normalized Herfindahl-Hirschman index and the relative entropy index, which is based on the number of tourists visiting Turkey from 107 source markets. The volatility of tourism revenues and the effect of tourism source market structure on this volatility were assessed using the autoregressive conditional heteroskedasticity (ARCH) method. The results show that both variables measuring tourism source market structure affect the volatility of tourism revenues. Accordingly, the concentration of the tourism source market increases the volatility of tourism revenues, whereas source market diversification decreases it.
Açıklama
Anahtar Kelimeler
tourism revenue volatility, tourism source market structure, ARCH, Turkey
Kaynak
Tourism Economics
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
29
Sayı
2
