Abstract
This study applied panel-based stationary tests to investigate the nonstationarity of long-run tourist arrivals to Taiwan. The sample of visitors in this study arrived from six main source countries between 1970 and 2011. We employed a panel KPSS test using a Fourier function and sharp drifts, which considers cross-sectional dependence as well as sudden impact and smooth transformation of data. This test can determine, with more power, whether tourist arrivals are stationary. Results of this study indicate that the trend in the series of tourist arrivals to Taiwan is stationary, with the exception of arrivals from Korea and Europe, implying that economic fluctuation inserts more impact on the tourism industry in these countries than others.
| Original language | English |
|---|---|
| Pages (from-to) | 573-580 |
| Number of pages | 8 |
| Journal | Tourism Analysis |
| Volume | 19 |
| Issue number | 5 |
| DOIs | |
| Publication status | Published - 2014 Jan 1 |
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Keywords
- Break
- Fourier function
- Panel KPSS test
- Tourist arrivals
ASJC Scopus subject areas
- Tourism, Leisure and Hospitality Management
Cite this
Investigating stationarity in tourist arrivals to Taiwan using panel KPSS with sharp drifts and smooth breaks. / Yang, Ginny Ju Ann; Ying, Yung Hsiang; Chang, Koyin; Lee, Chen Hsun.
In: Tourism Analysis, Vol. 19, No. 5, 01.01.2014, p. 573-580.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Investigating stationarity in tourist arrivals to Taiwan using panel KPSS with sharp drifts and smooth breaks
AU - Yang, Ginny Ju Ann
AU - Ying, Yung Hsiang
AU - Chang, Koyin
AU - Lee, Chen Hsun
PY - 2014/1/1
Y1 - 2014/1/1
N2 - This study applied panel-based stationary tests to investigate the nonstationarity of long-run tourist arrivals to Taiwan. The sample of visitors in this study arrived from six main source countries between 1970 and 2011. We employed a panel KPSS test using a Fourier function and sharp drifts, which considers cross-sectional dependence as well as sudden impact and smooth transformation of data. This test can determine, with more power, whether tourist arrivals are stationary. Results of this study indicate that the trend in the series of tourist arrivals to Taiwan is stationary, with the exception of arrivals from Korea and Europe, implying that economic fluctuation inserts more impact on the tourism industry in these countries than others.
AB - This study applied panel-based stationary tests to investigate the nonstationarity of long-run tourist arrivals to Taiwan. The sample of visitors in this study arrived from six main source countries between 1970 and 2011. We employed a panel KPSS test using a Fourier function and sharp drifts, which considers cross-sectional dependence as well as sudden impact and smooth transformation of data. This test can determine, with more power, whether tourist arrivals are stationary. Results of this study indicate that the trend in the series of tourist arrivals to Taiwan is stationary, with the exception of arrivals from Korea and Europe, implying that economic fluctuation inserts more impact on the tourism industry in these countries than others.
KW - Break
KW - Fourier function
KW - Panel KPSS test
KW - Tourist arrivals
UR - http://www.scopus.com/inward/record.url?scp=84930480945&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84930480945&partnerID=8YFLogxK
U2 - 10.3727/108354214X14116690097819
DO - 10.3727/108354214X14116690097819
M3 - Article
AN - SCOPUS:84930480945
VL - 19
SP - 573
EP - 580
JO - Tourism Analysis
JF - Tourism Analysis
SN - 1083-5423
IS - 5
ER -