Assessing Whether Tourist Arrivals are Stationary: Evidence from Taiwan using Sequential Panel Selection Method

Chen Hsun Lee, Frank Y.-H. Ying, Ginny Ju Ann Yang

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    2 Citations (Scopus)

    Abstract

    This study applied the Sequential Panel Selection Method (SPSM) procedure proposed by Chortareas and Kapetanios (2009) to test the non-stationarity of long-run tourist arrivals to Taiwan for a sample of six main visiting countries from 1970 to 2010. This Panel KSS test (Ucar & Omay, 2009) with a Fourier function for the SPSM procedure considers both structural breaks and non-linear adjustment and, thus, more powerfully determines whether tourist arrivals are stationary compared to conventional unit root tests. The empirical results of the first and the second generations are mixed; however, when the nonlinear panel unit root test with a Fourier function for the SPSM procedure is conducted, evidence indicates that the series of tourist arrivals to Taiwan are trend stationary except Korea.

    Original languageEnglish
    Pages (from-to)206-221
    Number of pages16
    JournalJournal of China Tourism Research
    Volume10
    Issue number2
    DOIs
    Publication statusPublished - 2014 Jan 1

    Keywords

    • Fourier function
    • Panel KSS test
    • SPSM
    • tourist arrivals

    ASJC Scopus subject areas

    • Cultural Studies
    • Language and Linguistics
    • Linguistics and Language
    • Tourism, Leisure and Hospitality Management

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