Abstract
The purpose of the article is to study the convergence hypothesis for the main countries which have tourist flows to Russia. To test the convergence hypothesis, the authors follow existing papers by applying a unit root test between the total number of international tourist arrivals and the international tourist arrivals from a certain initial market. The results show long-term convergence in the tourist market of Russia. Structural change testing revealed that thirteen countries show signs of convergence with discontinuity periods, which are mainly observed in Russia during the period of 2014–2015. These findings mean that the policies used by the state to increase the total number of visitors arriving in Russia have been successful, and maintaining these strategies can continue to increase the number of international visitors to the country.
Highlights
Today, tourism is considered to be one of the most dynamic sectors of the modern world economy
Scientists have studied various aspects of tourism, including the relationship between tourism and economic growth (Balaguer & Jorda, 2002; Durbarry, 2004; Nowak et al, 2004; Gökovalı & Bahar, 2006; Bahar & Bozkurt, 2010, etc.), and convergence between the general tourist flows into the country and the tourist flows of particular countries (Narayan, 2006, 2007; Lean & Smyth, 2008; Lean & Tang, 2010; Lee, 2009; Tan & Tan, 2013)
Using an assessment of the converging of the general tourist flows into the country and the tourist flows of particular countries that send tourists to that country, Narayan proposed to test the effectiveness of the marketing policy in the field of tourism
Summary
Tourism is considered to be one of the most dynamic sectors of the modern world economy. Due to the development of the world tourism market and it’s increasing role in the economy, many government bodies are trying to introduce new strategies to revitalize their tourism sectors. The convergence hypothesis states that if tourist flows from a particular country converge with the total international tourist arrivals, the government's policy towards the country is effective (Narayan, 2007). This means that the increase in tourist flows from the tourist market will contribute to the growth of international arrivals, and revenues
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