scholarly journals Cointegration analysis of tourism demand by Mainland China in Taiwan and stock investment strategy

2015 ◽  
Vol 3 (05) ◽  
pp. 01
Author(s):  
Yu-Wei Lan ◽  
Dan Lin ◽  
Lu Lin
2020 ◽  
Vol 60 (2) ◽  
pp. 336-353 ◽  
Author(s):  
Long Wen ◽  
Chang Liu ◽  
Haiyan Song ◽  
Han Liu

Search query data reflect users’ intentions, preferences and interests. The interest in using such data to forecast tourism demand has increased in recent years. The mixed data sampling (MIDAS) method is often used in such forecasting, but is not effective when moving average (MA) dynamics are involved. To investigate the relevance of the MA components in MIDAS models to tourism demand forecasting, an improved MIDAS model that integrates MIDAS and the seasonal autoregressive integrated moving average process is proposed. Its performance is tested by forecasting monthly tourist arrivals in Hong Kong from mainland China with daily composite indices constructed from a large number of search queries using the generalized dynamic factor model. The forecasting results suggest that this new model significantly outperforms the benchmark model. In addition, comparing the forecasts and nowcasts shows that the latter generally outperforms the former.


2008 ◽  
Vol 2 (3) ◽  
pp. 219-232 ◽  
Author(s):  
Luiz Moutinho ◽  
K.-H. Huarng ◽  
Tiffany H.-K. Yu ◽  
C.-Y. Chen

2019 ◽  
Vol 1 (1) ◽  
pp. 67-78
Author(s):  
Elizabeth Lucky Maretha Sitinjak

Purpose- The purpose of this study, showing the pattern of stock investment strategy in accordance with the type of generation in order to manage the portfolio optimally. Methods- This research method using Anova with data obtained from Meta Data Analysis subjects of previous research experiments. Finding- The results show, each generation has a pattern of different stock investment strategies. This can be seen from the level of investor risk, and stock portfolio. The combination of stock portfolios tends to consist of private companies located in 10 sectors, private companies-BUMN, or private companies-BUMD. Generation X's investment strategy pattern tends to use the Momentum Strategy, Generation Y tends to use Top-Down Strategy, while Generation Z tends to use Buy-Hold and Momentum Strategies.


1998 ◽  
Vol 4 (2) ◽  
pp. 171-185 ◽  
Author(s):  
Petros Lathiras ◽  
Costas Siriopoulos

Cointegration analysis in modelling tourism demand has rarely been used in previous empirical research studies. This paper attempts to answer two main questions: first, whether certain economic factors are interconnected in the long term with tourism demand, and second, whether a short-run dynamic specification of this demand exists which is statistically adequate and which has appropriate forecasting properties.


2013 ◽  
Vol 5 (5) ◽  
pp. 260-267 ◽  
Author(s):  
Emmanuel Ziramba

This paper, with the use of annual data covering the period 1975 to 2008, seeks to identify the determinants of outbound tourism demand (outbound tourist outflows) in South Africa. We employ cointegration analysis by utilising an autoregressive distributed lag (ARDL) approach proposed by Pesaran et al. (2001) to make inferences about the long run and short run relationships. The results indicate that in the long run, outbound tourism demand is influenced by the real domestic income and the relative prices. Our results indicate that outbound tourism demand is a luxury good with an income elasticity of 3.5. In the short run, only relative prices have an impact on outbound tourism demand in South Africa. Outbound tourism demand was found to be price inelastic in both periods.


2021 ◽  
pp. 135676672110533
Author(s):  
Ting Tan ◽  
Jianping Zha ◽  
Jianying Tang ◽  
Rong Ma ◽  
Wenjia Li

The ongoing coronavirus disease 2019 pandemic, like other disasters or crises, can immensely influence visitors’ demand to visit affected destinations. The current study helps us better understand how this health crisis could affect the demand change from a micro-level perspective of small-scale tourist destinations. Based on the web search data from the Baidu Index, the present study adopts the Emeishan National Park in China as the study area and employs multiple methods to assess the spatial-temporal disparities in the impact of the coronavirus disease 2019 on domestic tourism demand. The main findings reveal that the demand changes during the observation period resemble a U-shaped curve along with the outbreak, spread, and control of the crisis, and such impacts exhibit different characteristics in the pre-event, prodromal, emergency, intermediate, and long-term recovery stages. During and after the pandemic, the short-distance market is the most vulnerable, but it presents the strongest resilience, while the medium- and long-distance markets are relatively less affected. Significant stratified heterogeneity in the tourism demand of domestic source markets also emerges before and after the crisis. Finally, some implications of promoting domestic tourism recovery in the post-pandemic era are discussed, and recommendations are made.


Sign in / Sign up

Export Citation Format

Share Document