Tourism expansion and economic development: The case of Taiwan

By Hyun Jeong Kim, Ming-Hsiang Chen, S. Jang. Tourism Management, 2005

801 citations recorded by the source corpus.

This study examines the causal relationship between tourism expansion and economic development in Taiwan. A Granger causality test is performed following the cointegration approach to reveal the direction of causality between economic growth and tourism expansion. Test results indicate a long-run equilibrium relationship and further a bi-directional causality between the two factors. In other words, in Taiwan, tourism and economic development reinforce each other. A discussion follows and managerial implications are identified based on the empirical findings.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/c5816136ff2ad69ba7f946657b67e8e51714b84d

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Citations in the corpus

Tourism and Economic Growth: A Panel Data Analysis for Pacific Island Countries (2010, background): “Kim et al (2006) use both quarterly data (over the period 1971–2003) and annual data (1956–2002) to examine the relationship between tourism and economic growth for Taiwan.”
A literature review on the tourism-led-growth hypothesis (2010, neutral): “Among Asian and Pacific destinations Taiwan and South Korea are the most analysed countries.”
Corporate governance, tourism growth and firm performance: Evidence from publicly listed tourism firms in five Middle Eastern countries (2014, background): “Kim, Chen, and Jang (2006) examine the link between tourism expansion and GDP growth in Taiwan and report a positive relationship between economic expansion and tourism improvement.”
The Threshold Effects of the Tourism-Led Growth Hypothesis: Evidence from a Cross-sectional Model (2017, background): “Kim, Chen, and Jang (2006) show evidence of bidirectional causality between economic growth and tourism expansion in Taiwan.”
Tourism and its economic impact: A literature review using bibliometric tools (2018, background): “This connection was seen to be unidirectional from tourism and real exchange to GDP in Chile (Brida and Risso, 2009) and bidirectional in Taiwan (Kim et al., 2006) and Tunisia (Belloumi, 2010) which is likely to say economic growth contributes to the sectoral development of tourism but also vice…”
Tourism and Economic Growth: A Meta-regression Analysis (2019, background): “Studies on the TLGH emphasize on the advantages of dynamic models for inter-country comparison to advance the field theoretically and methodologically (De Vita and Kyaw 2016; Kim, Chen, and Jang 2006).”
Revisiting the Tourism-Led Economic Growth Hypothesis: The Case of China (2018, background): “…was considered as an important contributor to destination economy, it was not until the recent decade that the causal relationship between tourism and economic growth attracted due research attention (Kim, Chen, and Jang 2006; Arslanturk, Balcilar, and Ozdemir 2011; Pablo-Romero and Molina 2013).”