Chang, Chia-Lin; Hsu, Hui-Kuang; McAleer, Michael - 2017 - Revised version: August 2017
The paper uses monthly data on tourism related factors from April 2005 - June 2016 for Taiwan that applies factor analysis and Chang’s (2015) novel approach for constructing a tourism financial indicator, namely the Tourism Financial Conditions Index (TFCI). The TFCI is an adaptation and...