Risk Spillovers in Returns for Chinese and International Tourists to Taiwan

doi:10.1177/0047287519834071

淡江大學機構典藏 > 商管學院 > 經濟學系暨研究所 > 期刊論文 > Item 987654321/119086

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题名:	Risk Spillovers in Returns for Chinese and International Tourists to Taiwan
作者:	Chang, Chia-Lin;Hsu, Shu-Han;McAleer, Michael
关键词:	risk spillovers;international tourism arrivals;Chinese tourist arrivals;group tourists;individual tourists;medical tourists;co-volatility effects;diagonal BEKK model
日期:	2020-02
上传时间:	2020-09-17 12:12:18 (UTC+8)
摘要:	Fluctuations in the numbers of visitors directly affect the rates of return on tourism business activities. This article is the first to examine the spillover effects between the rate of change in the numbers of Chinese tourist arrivals and the rate of change in the numbers of international traveler arrivals. The study used daily data from January 1, 2014, to October 31, 2016, with 1,035 observations. The diagonal BEKK model was used to analyze the co-volatility spillover effects between the rate of change in the international travelers and the rate of change in the amount of Chinese tourists visiting Taiwan. The empirical findings suggest that Taiwan should abandon its development strategy of focusing only on a single market, namely, China. Moreover, with the reduction in Chinese tour groups visiting Taiwan, and increases in individual travelers, the Taiwan Government should change its previous travel policies of mainly attracting Chinese tour group travelers and actively promote in-depth tourism among international tourists.
關聯:	Journal of Travel Research 59(2), p.335-351
DOI:	10.1177/0047287519834071
显示于类别:	[經濟學系暨研究所] 期刊論文

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