@article{ART002280445},
author={Min Kyung Song and Sang Hyuck Kim},
title={An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis},
journal={Journal of Tourism Sciences},
issn={1226-0533},
year={2017},
volume={41},
number={10},
pages={11-26},
doi={10.17086/JTS.2017.41.10.11.26}
TY - JOUR
AU - Min Kyung Song
AU - Sang Hyuck Kim
TI - An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis
JO - Journal of Tourism Sciences
PY - 2017
VL - 41
IS - 10
PB - The Tourism Sciences Society Of Korea
SP - 11
EP - 26
SN - 1226-0533
AB - The purpose of this study is to examine the impact of China risk on subsequent tourism demand and hospitality industry performance in Korea. A VARX model, an impulse response analysis and a conditional forecasting analysis were used on monthly time series data from January 2000 to December 2016, to realize the study objectives. Results of the analysis reveal that all three macro economic variables relating to China have no influence on Chinese tourism demand in Korea. However, the total number of Chinese tourist arrivals affects the performance of three major hospitality industries in Korea: airlines, lodging, and travel agencies. The outcome of conditional forecasting shows that the impact of China risk on Korean hospitality industries is greater than expected.
KW - Chinese tourists in Korea;Hospitality industry;VARX model
DO - 10.17086/JTS.2017.41.10.11.26
ER -
Min Kyung Song and Sang Hyuck Kim. (2017). An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis. Journal of Tourism Sciences, 41(10), 11-26.
Min Kyung Song and Sang Hyuck Kim. 2017, "An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis", Journal of Tourism Sciences, vol.41, no.10 pp.11-26. Available from: doi:10.17086/JTS.2017.41.10.11.26
Min Kyung Song, Sang Hyuck Kim "An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis" Journal of Tourism Sciences 41.10 pp.11-26 (2017) : 11.
Min Kyung Song, Sang Hyuck Kim. An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis. 2017; 41(10), 11-26. Available from: doi:10.17086/JTS.2017.41.10.11.26
Min Kyung Song and Sang Hyuck Kim. "An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis" Journal of Tourism Sciences 41, no.10 (2017) : 11-26.doi: 10.17086/JTS.2017.41.10.11.26
Min Kyung Song; Sang Hyuck Kim. An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis. Journal of Tourism Sciences, 41(10), 11-26. doi: 10.17086/JTS.2017.41.10.11.26
Min Kyung Song; Sang Hyuck Kim. An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis. Journal of Tourism Sciences. 2017; 41(10) 11-26. doi: 10.17086/JTS.2017.41.10.11.26
Min Kyung Song, Sang Hyuck Kim. An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis. 2017; 41(10), 11-26. Available from: doi:10.17086/JTS.2017.41.10.11.26
Min Kyung Song and Sang Hyuck Kim. "An Examination of the Economic Impact of the China Risk on the Hospitality Industry in Korea: Using Impulse Response Analysis and Conditional Forecasting Analysis" Journal of Tourism Sciences 41, no.10 (2017) : 11-26.doi: 10.17086/JTS.2017.41.10.11.26
