Risk Spillovers In Returns For Chinese And International Tourists To Taiwan
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Risk Spillovers In Returns For Chinese And International Tourists To Taiwan
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Author : Chia-Lin Chang
language : en
Publisher:
Release Date : 2018
Risk Spillovers In Returns For Chinese And International Tourists To Taiwan written by Chia-Lin Chang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Fluctuations in the numbers of visitors directly affect the rates of return on tourism business activities. Therefore, maintaining a firm grasp of the relationship between the changes in the numbers of Chinese tourists and international travellers visiting Taiwan is conducive to the formulation of an effective and practical tourism strategy. Although the topic of international visitors to Taiwan is important, existing research has discussed the issue of the travel demand between Chinese tourists and international travellers visiting Taiwan. This paper is the first to examine the spillover effects between the rate of change in the numbers of Chinese tourist arrivals and the rate of change in the numbers of international traveller arrivals. Using daily data for Chinese tourists and international travellers visiting Taiwan over the period from 1 January 2014 to 31 October 2016, together with the Diagonal BEKK model, the paper analyses the co-volatility spillover effects between the rate of change in the numbers of international travellers and the rate of change in the numbers of Chinese tourists visiting Taiwan. The empirical results show that there is no dependency relationship between the rate of change in the numbers of Chinese tourists and the rate of change in the numbers of international travellers visiting Taiwan. However, there is a significant negative co-volatility spillover effect between the rate of change in the numbers of Chinese tourists and the rate of change in the numbers of international travellers. The empirical findings suggest that Taiwan should abandon its development strategy of focusing only on a single market, namely China, and to be pro-active in encouraging visits by international travellers to Taiwan for sightseeing purposes, thereby increasing the willingness of international travellers to visit Taiwan. Moreover, with the reduction in the numbers of Chinese tour groups visiting Taiwan, and increases in the numbers of individual travellers, the Taiwan Government should change its previous travel policies of mainly attracting Chinese tour group travellers and actively promoting in-depth tourism among international tourists, by developing tourism that focuses on the special characteristics of different localities. In this way, the government can enhance the quality of Taiwan's tourism, and also attract travellers with high spending power.
Iscontour 2022 Tourism Research Perspectives
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Author : Christian Maurer
language : en
Publisher: BoD – Books on Demand
Release Date : 2022-05-16
Iscontour 2022 Tourism Research Perspectives written by Christian Maurer and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-16 with Business & Economics categories.
The International Student Conference in Tourism Research (ISCONTOUR) offers students a unique platform to present their research and establish a mutual knowledge transfer forum for attendees from academia, industry, government and other organisations. The annual conference, which is jointly organized by the IMC University of Applied Sciences Krems and the Management Center Innsbruck, takes place alternatively at the locations Krems and Innsbruck. The conference research chairs are Prof. (FH) Mag. Christian Maurer (University of Applied Sciences Krems) and Prof. (FH) Mag. Hubert Siller (Management Center Innsbruck). The target audience include international bachelor, master and PhD students, graduates, lecturers and professors from the field of tourism and leisure management as well as businesses and anyone interested in cutting-edge research of the conference topic areas. The proceedings of the 9th International Student Conference in Tourism Research include a wide variety of research topics, ranging from consumer behaviour, tourist experience, information and communication technologies, marketing, destination management, and sustainable tourism management.
Theory And Applications Of Time Series Analysis
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Author : Olga Valenzuela
language : en
Publisher: Springer Nature
Release Date : 2023-12-11
Theory And Applications Of Time Series Analysis written by Olga Valenzuela and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-11 with Mathematics categories.
This book presents the latest developments in the theory and applications of time series analysis and forecasting. Comprising a selection of refereed papers, it is divided into several parts that address modern theoretical aspects of time series analysis, forecasting and prediction, with applications to various disciplines, including econometrics and energy research. The broad range of topics discussed, including matters of particular relevance for sustainable development, will give readers a modern perspective on the subject. The included contributions were originally presented at the 8th International Conference on Time Series and Forecasting, ITISE 2022, held in Gran Canaria, Spain, June 27-30, 2022. The ITISE conference series provides a forum for scientists, engineers, educators and students to discuss the latest advances and implementations in the foundations, theory, models and applications of time series analysis and forecasting. It focuses on interdisciplinary research encompassing computer science, mathematics, statistics and econometrics.
International Tourism
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Author : World Tourism Organization
language : en
Publisher: Worldtour
Release Date : 1997
International Tourism written by World Tourism Organization and has been published by Worldtour this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Geopolitical Risk On Stock Returns Evidence From Inter Korea Geopolitics
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Author : Seungho Jung
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-22
Geopolitical Risk On Stock Returns Evidence From Inter Korea Geopolitics written by Seungho Jung and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-22 with Business & Economics categories.
We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the occurrence of nuclear tests, missile launches, or military confrontations, and decreases significantly around the times of summit meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and that the reductions in stock returns are greater especially for large firms, firms with a higher share of domestic investors, and for firms with a higher ratio of fixed assets to total assets. These results suggest that international portfolio diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns.
Regional Economic Outlook April 2017 Asia And Pacific
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Author : Mr.Ranil M Salgado
language : en
Publisher: International Monetary Fund
Release Date : 2017-05-08
Regional Economic Outlook April 2017 Asia And Pacific written by Mr.Ranil M Salgado and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-08 with Business & Economics categories.
The Asia-Pacific region continues to be the world leader in growth, and recent data point to a pickup in momentum. We expect the region to expand by 5.5 percent in 2017, up from 5.3 percent in 2016. Accommodative policies will underpin domestic demand, offsetting tighter global financial conditions. However, the risks to the outlook, on balance, are slanted to the downside. A possible shift toward protectionism in major trading partners could suppress Asia’s trade, while the continued tightening of global financial conditions and economic uncertainty could trigger capital flow volatility. A bumpier-than-expected transition in China would also have large negative spillovers to the region. Beyond the short term, many parts of Asia face secular headwinds from population aging and slow productivity growth. These challenges call for domestic policies that support growth while boosting resilience and inclusiveness. To sustain long-term growth, structural reforms are needed to deal with challenges from demographic transition and to boost productivity.
The Return Of The Policy That Shall Not Be Named Principles Of Industrial Policy
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Author : Reda Cherif
language : en
Publisher: International Monetary Fund
Release Date : 2019-03-26
The Return Of The Policy That Shall Not Be Named Principles Of Industrial Policy written by Reda Cherif and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-26 with Business & Economics categories.
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.
China S Rise Threat Or Opportunity
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Author : Herbert S. Yee
language : en
Publisher: Routledge
Release Date : 2010-10-15
China S Rise Threat Or Opportunity written by Herbert S. Yee and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-15 with Business & Economics categories.
This book presents a comprehensive overview of how China's rise is perceived in a wide range of countries and regions; these include China's neighbours, other world powers, the parts of China not part of mainland China - Taiwan, Hong Kong and Macau - and regions of the world where China is having an unexpected impact, such as the Middle East.
New Thinking About The Taiwan Issue
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Author : Jean-Marc F. Blanchard
language : en
Publisher: Routledge
Release Date : 2012-06-12
New Thinking About The Taiwan Issue written by Jean-Marc F. Blanchard and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-12 with Political Science categories.
The "Taiwan question" has long been considered one of the most complicated and explosive issues in global politics. In recent years, however, relations between Taiwan and the Chinese mainland have improved substantially to the surprise of many. In this ground-breaking collection, distinguished contributors from the US, Asia, and Europe seek to go beyond the standard "recitation of facts" that often characterizes studies focusing on the Beijing-Taipei dyad. Rather, they employ a variety of theories as well as both quantitative and qualitative methodologies to analyze the ebbs and flows of the Taiwan issue. Their discussions clearly illuminate why there is a "Taiwan Problem," why conflict did not escalate to war between 2000 and 2008, and why cross-Strait relations improved after 2008. The book further reveals the limits of realism as a device to gain traction into the Taiwan issue, demonstrates the importance of taking into account domestic political variables, and shows how theory can be used to advance the cause of better China-Taiwan relations and to analyze the potential for future conflict over Taiwan. New Thinking about the Taiwan Issue is essential reading not only for students, scholars and practitioners with an interest in studying relations across the Taiwan Strait, but also for any reader interested in economics, international relations, comparative politics or political theory.
Powering The Digital Economy Opportunities And Risks Of Artificial Intelligence In Finance
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Author : El Bachir Boukherouaa
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-22
Powering The Digital Economy Opportunities And Risks Of Artificial Intelligence In Finance written by El Bachir Boukherouaa and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-22 with Business & Economics categories.
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.