The Research of Key Successful Economic Factors for Taiwan’s Tourism

• Main Authors: YI-CHANG LEE, 李宜蒼
• Other Authors: Cheng-Wen Lee
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/wf7597

碩士 === 中原大學 === 國際經營與貿易研究所 === 102 === In recent years, almost all the economies in the world, whether advanced countries or newly arising countries, are devoting their efforts in developing tourist industries, therefore the effects of international tourists on economic factors of domestic tourism and travelling are becoming vital issues. If we apply only longitudinal (time serial) data or cross-sectional variables estimates only, it is quite likely to generate bias, it is therefore the panel data method that combines longitudinal and cross-sectional information is accepted as more effective estimate. In this paper, we adopted the Panel Data and GMM method of econometric model and elected macroeconomic factors, such as Real GDP, CPI, EX, SR, UR and crime rate to study the impact on number of visitors came to Taiwan. The scope of the study ranged from 2002 to 2013 and the subject visitors came from 10 countries from Asia and America. Results of our study showed unemployment rate, Real GDP, CPI and Crime Rate are significant negative relation; exchange rate is significant positive relation, stock return rate is in negative relation but less than significant. The growth rate of visitors of last period is also insignificant but positive. The causes of the impact are probably the effect of growth rate of visitors on domestic employment market, economic growth, CPI and social securities issues. It indicates that the growth in tourist industry can increase employment. The drop in CPI and decrease of social securities issues can encourage the growth of number of visitors, but its effect on economic growth is rather limited. It is possible that the increased employment due to the expansion in tourist industry cannot match with the off-hired manpower due to relocation of industries. It indicates that the endeavor of the government in transforming and adjusting of tourist economies shall lead the industries in increase investment of tourism industry and development; particularly tourism is one of the 6 major new rising industries, that there is still ample space for growth of this industry. The forecast conclusion of this issue may be provided for reference in decision making and in correction of policies of government agencies.