Risk Spillovers in Returns for Chinese and International Tourists to Taiwan
學年 108
學期 2
出版（發表）日期 2020-02-01
作品名稱 Risk Spillovers in Returns for Chinese and International Tourists to Taiwan
作品名稱（其他語言）
著者 Chia-Lin Chang; Shu-Han Hsu; Michael McAleer
單位
出版者
著錄名稱、卷期、頁數 Journal of Travel Research 59(2), p.335-351
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.
關鍵字 risk spillovers;international tourism arrivals;Chinese tourist arrivals;group tourists;individual tourists;medical tourists;co-volatility effects;diagonal BEKK model
語言 en_US
ISSN 1552-6763
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度 否
國別 USA
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/119086 )