An exploratory study of international tourism demand from the selected countries to Taiwan

This study, covering the period between 1968 and 1991, employed the ordinary least square (OLS) multiple regression technique to estimate the elasticities of international tourism demand from four generating countries (Japan, USA, Hong Kong and South Korea) to Taiwan for a set of potential important determinants: per capita income and population in the tourist-generating countries, relative prices, exchange rate, and trade volume within the tourist-generating countries and Taiwan. The log-linear model was used in this study to explain both tourist arrivals and tourist expenditures. The C (p), R2, Model significance level (a), Durbin-watson d statistic, regression coefficients of variables and variable significance levels are reported for each regression analysis. The criteria used to determine the "best" tourism demand models for each country are: conformity to regression and theoretical concepts and best empirical explanatory ability. For Japan, the tourist arrival model is best explained by trade volume, and the tourist expenditure model is best explained by relative prices and exchange rates. For the USA and South Korea, both the tourist arrival models and tourist expenditure models are best explained by relative prices and trade volume. For Hong Kong, the tourist arrival model is best explained by population and exchange rate; tourist expenditure model is best explained by income.

Name thesis:degree_name

Master of Science

Level thesis:degree_level

masters

Discipline thesis:degree_discipline

Hospitality and Tourism Management

Department dc:contributor.department

Hospitality and Tourism Management

Grantor dc:publisher

Virginia Tech

Year dc:date.issued

1994

Author dc:creator

• Lee, Fang Chi

Statement dc:rights

• In Copyright

Licence dc:rights.uri

• http://rightsstatements.org/vocab/InC/1.0/

Language dc:language.iso

en

Dc Identifier Other

etd-06232009-063249

OAI identifier oai:identifier

oai:vtechworks.lib.vt.edu:10919/43434