Structural breaks, tourism development,
โ
Chien-Chiang Lee; Mei-Se Chien
๐
Article
๐
2008
๐
Elsevier Science
๐
English
โ 166 KB
Our paper differs from previous studies by examining the issue of whether regime changes have broken down the stability of the long-run relationships between tourism development and real GDP in Taiwan for the 1959-2003 period. We empirically investigate the co-movements and the causal relationships