Investigating stationarity in tourist arrivals to Taiwan using panel KPSS with sharp drifts and smooth breaks

Ginny Ju Ann Yang; Yung Hsiang Ying; Koyin Chang; Chen Hsun Lee

doi:10.3727/108354214X14116690097819

Investigating stationarity in tourist arrivals to Taiwan using panel KPSS with sharp drifts and smooth breaks

Ginny Ju Ann Yang, Yung Hsiang Ying, Koyin Chang, Chen Hsun Lee

Department of Physics

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

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	https://doi.org/10.3727/108354214X14116690097819
Publication status	Published - 2014 Jan 1

Keywords

Break
Fourier function
Panel KPSS test
Tourist arrivals

ASJC Scopus subject areas

Tourism, Leisure and Hospitality Management

Access to Document

10.3727/108354214X14116690097819

Fingerprint Dive into the research topics of 'Investigating stationarity in tourist arrivals to Taiwan using panel KPSS with sharp drifts and smooth breaks'. Together they form a unique fingerprint.

Cite this

@article{4ea8c2dafc274acaa14f4601b8c14983,

title = "Investigating stationarity in tourist arrivals to Taiwan using panel KPSS with sharp drifts and smooth breaks",

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.",

keywords = "Break, Fourier function, Panel KPSS test, Tourist arrivals",

author = "Yang, {Ginny Ju Ann} and Ying, {Yung Hsiang} and Koyin Chang and Lee, {Chen Hsun}",

year = "2014",

month = jan,

day = "1",

doi = "10.3727/108354214X14116690097819",

language = "English",

volume = "19",

pages = "573--580",

journal = "Tourism Analysis",

issn = "1083-5423",

publisher = "Cognizant Communication Corporation",

number = "5",

}

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 -