Economic Effects from Change in Tourism Policy on an Island Economy

Global Journal of Business Research, v. 10 (3) p. 35-48

14 Pages Posted: 23 Feb 2017

See all articles by Cheng-Yih Hong

Cheng-Yih Hong

Chaoyang University of Technology

Chen-Jung Hsu

Chaoyang University of Technology

Chung-Huang Huang

Taiwan Research Institute

Li-Ping Chen

Pingtung County Henchun Folksong Association

Jian-Fa Li

Chaoyang University of Technology

Date Written: 2016

Abstract

Taiwanese government adjusted its tourism policy toward Chinese people in 2008, hoping it would enhance its economic prosperity and create the employment. Motivated the economic effects generated by the relaxation of the policy were unclear, we have employed both the industry-related spillover model to examine the economic scale and the number of persons employed created, and to investigate the extent of the effect. Our findings were that the economic spillover effects were brief and transient. Nonetheless, it could overcome Taiwan’s economic challenges. Only through the sustainable management of the tourism-related industry could long-term economic effects be created.

Keywords: Tourism Policy Adjustments, Aviation Deregulation, Industry-Related Spillover Model, Spillover Effect, Employment Coefficient

JEL Classification: H29, R28, R38

Suggested Citation

Hong, Cheng-Yih and Hsu, Chen-Jung and Huang, Chung-Huang and Chen, Li-Ping and Li, Jian-Fa, Economic Effects from Change in Tourism Policy on an Island Economy (2016). Global Journal of Business Research, v. 10 (3) p. 35-48, Available at SSRN: https://ssrn.com/abstract=2909998

Cheng-Yih Hong (Contact Author)

Chaoyang University of Technology ( email )

No. 168, Jifong E. Rd., Wufong Township
Taichung County, Taiwan 41349
Taiwan

Chen-Jung Hsu

Chaoyang University of Technology ( email )

No. 168, Jifong E. Rd., Wufong Township
Taichung County, Taiwan 41349
Taiwan

Chung-Huang Huang

Taiwan Research Institute

Li-Ping Chen

Pingtung County Henchun Folksong Association

Jian-Fa Li

Chaoyang University of Technology ( email )

No. 168, Jifong E. Rd., Wufong Township
Taichung County, Taiwan 41349
Taiwan

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
16
Abstract Views
293
PlumX Metrics