Title: The economic analysis of crisis events impact on tourism industry in Taiwan

Authors: Gu-Shin Tung; Po-Yen Chao

Addresses: Department of Leisure Business Management, National Pingtung Institute of Commerce, 51 Min Sheng E. Road, Pingtung 900, Taiwan. ' Graduate School of Leisure, Recreation and Creative Business Management, National Pingtung Institute of Commerce, 51 Min Sheng E. Road, Pingtung 900, Taiwan

Abstract: There were many crisis events including natural disasters, epidemic disease, international conflicts, and economic downturns around our world over the past ten years. The crisis events have domino effects on the other regional tourism industry and the whole economy which is associated with the possible worldwide recession. This paper employs the input-output model by Leontief (1986) to construct economic effects of the regional crisis events on Taiwan|s tourism industry. This paper takes three examples, such as the 921 earthquake of Taiwan in 1999, the 911 terrorist attacks of the US in 2001, and the outbreak of global SARS in 2003. The empirical results indicate the final demand, output, income and employment effects of the tourism industry suffered the greatest impact from SARS, followed by the 921 earthquake in 1999 and the 911 terrorist attacks in 2001. These changes in industry linkages effects based on the different crisis events exit in this model, for example, the entertainment-culture service industry shows the low linkages effects since the 921 earthquake event. Then, the entertainment-culture service industry tends to be a leader industry which obtains the low sensibility dispersion with high power dispersion followed the 911 and SARS events.

Keywords: crisis events; input-output models; linkage effects; economic effects; Taiwan; economic analysis; natural disasters; global epidemics; diseases; international conflicts; wars; economic downturns; domino effects; regional tourism; recessions; Wassily Leontief; earthquakes; 911; New York; USA; United States; terrorist attacks; terrorism; WTC; World Trade Center; severe acute respiratory syndrome; SARS; employment effects; industry linkages; entertainment industries; culture; cultural industries; service industries; low sensibility dispersion; high power dispersion; anthropology; tourist industry; tourists; risk; security; hospitality; disaster management; emergency management.

DOI: 10.1504/IJTA.2011.043710

International Journal of Tourism Anthropology, 2011 Vol.1 No.3/4, pp.273 - 292

Received: 08 May 2021
Accepted: 12 May 2021

Published online: 14 Nov 2011 *

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