GTAP Resources: Resource Display
| GTAP Resource #3304 |
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"The Effect of Climate’s Volatility on Tourist Arrivals of Asia Countries to Taiwan" by Chu, Lan-Fen Abstract Tourism is the biggest and the fastest growing industry in the world. However, this industry is not only affected by climate change through carbon dioxide emissions, but also disturbed with climate through extreme temperatures, torrential rain events or fierce winds. Among the human’s economic activities, agriculture receives the most deeply influences by climate change (or climate) whose research on the climate change research effort has been massive. It easy to perceive the contrast between the impact of climate change on agriculture and the impact of climate change on tourism, the latter, only a few tourism studies make a link with climate change (or climate) showing research on the climate change impact on the topic of tourism has been expanding recently. This paper investigates the influence of climate volatility on tourism arrivals from five Asia countries (Japan, Korea, Malaysia, Singapore, Philippines and Thailand) to Taiwan. This paper departs from two parts. First, the GARCH model is applied to the change rate of temperature and precipitation in Taiwan as a volatility measure. GARCH model is applied to the change rate of temperature and precipitation in Taiwan as a volatility measure. A GARCH model is fit to the monthly time series of mean temperature and precipitation. Next, the climate volatility of temperature and precipitation will be considered into the tourism demand equation by using regression equation. In our expectation, Japan and Korea will have more sensitive preference on the volatility of temperature and precipitation. |
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- Climate change policy |
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Last Modified: 9/15/2023 2:05:45 PM
