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Economic Effects From Change In Tourism Policy On An Island Economy

Author

Listed:
  • Cheng-Yih Hong
  • Chen-Jung Hsu
  • Chung-Huang Huang
  • Li-Ping Chen
  • Jian-Fa Li

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

Suggested Citation

  • Cheng-Yih Hong & Chen-Jung Hsu & Chung-Huang Huang & Li-Ping Chen & Jian-Fa Li, 2016. "Economic Effects From Change In Tourism Policy On An Island Economy," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 10(3), pages 35-48.
    • Handle: RePEc:ibf:gjbres:v:10:y:2016:i:3:p:35-48
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    Citations

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    Cited by:

    1. Bing Baltazar C. Brillo & Aileen C. Simondac-Peria, 2021. "Sustainability of a local government-instituted ecotourism development: Tayak adventure, nature and wildlife Park in Rizal, Laguna, Philippines," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(11), pages 16145-16162, November.

    More about this item

    Keywords

    Tourism Policy Adjustments; Aviation Deregulation; Industry-Related Spillover Model; Spillover Effect; Employment Coefficient;
    All these keywords.

    JEL classification:

    • H29 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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