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NSYSU

1. Su , Chih-hsien. The Impact of Tourism Receipt Fluctuations on Taiwan's Macroeconomy.

Degree: Master, Economics, 2017, NSYSU

URL: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526117-150512 

In recent years, the Taiwanese government has actively promoted the tourism industry, but the decline of tourists from China, starting from the second half of 2016, led to a sharp decline in tourism receipts. This paper constructs a small open dynamic stochastic general equilibrium model, calibrated to Taiwanese economy, to study the macroeconomic effects of tourism receipt fluctuations. It finds that the decline of tourism receipts has negative effect on total output. A managed exchange rate regime, which does not allow the exchange rate to depreciate in response to the tourist receipts decline has bigger negative effect on total output. When the elasticity of substitution between labor of two sectors is higher, the negative macroeconomic effects can be mitigated. We also investigate the effect of the tourist subsidy policy, and find that although it helps the tourism industry, the effectiveness of the policy is small. As the subsidy is financed by government debt, fiscal adjustments in later periods can lower overall output. Advisors/Committee Members: Juin-Jen Chang (chair), Shu-Chun S. Yang (committee member), Chih-Yu Yang (chair).

Subjects/Keywords: tourism receipt; dynamic stochastic general equilibrium model; exchange rate regime; small open economy

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Su , C. (2017). The Impact of Tourism Receipt Fluctuations on Taiwan's Macroeconomy. (Thesis). NSYSU. Retrieved from http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526117-150512

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Su , Chih-hsien. “The Impact of Tourism Receipt Fluctuations on Taiwan's Macroeconomy.” 2017. Thesis, NSYSU. Accessed February 26, 2021. http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526117-150512.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Su , Chih-hsien. “The Impact of Tourism Receipt Fluctuations on Taiwan's Macroeconomy.” 2017. Web. 26 Feb 2021.

Vancouver:

Su C. The Impact of Tourism Receipt Fluctuations on Taiwan's Macroeconomy. [Internet] [Thesis]. NSYSU; 2017. [cited 2021 Feb 26]. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526117-150512.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Su C. The Impact of Tourism Receipt Fluctuations on Taiwan's Macroeconomy. [Thesis]. NSYSU; 2017. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0526117-150512

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

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