A comment on ‘Testing the validity of quasi-PPP hypothesis: evidence from a recent panel unit-root test with structural breaks’

2013 ◽  
Vol 20 (2) ◽  
pp. 111-113 ◽  
Author(s):  
D. Ventosa-Santaulària ◽  
M. Gómez-Zaldívar
2020 ◽  
pp. 135481661989983 ◽  
Author(s):  
Yagmur Saglam ◽  
Apostolos Ampountolas

This empirical study examines the stationarity of tourism demand in Turkey in response to the effects of structural breaks, which indicate external or internal shocks based on tourist arrivals from 12 Slavic-speaking countries between 2000 and 2016. We employed a panel unit root test based on the Flexible Fourier approach, which Karul enhanced to allow gradual shifts and a smooth transition process; structural break dates come from the Carrion-i-Silvestre unit root test framework. The empirical findings indicate that there are differences in the effects of these structural breaks across the 12 countries in question.


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