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

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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.

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

Abstract

Keywords

ASJC Scopus subject areas

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