Chen, C F and Soo, K T (2006) Cost structure and productivity growth of the Taiwanese international tourist hotels. Working Paper. The Department of Economics, Lancaster University.
Full text not available from this repository.Abstract
This study investigates the cost structure and economic implications of the Taiwanese international tourist hotel industry. A multi-product translog cost function with three inputs and three outputs is estimated using seemingly unrelated regression estimation (SURE) and three-stage-least-squares (3SLS). A balanced panel dataset consisting of 47 international tourist hotels in Taiwan over the period 1997-2001 was obtained from Taiwanese Tourism Bureau and used to estimate the cost function. The results show that both scale and scope economies exist in the Taiwanese international tourist hotel industry. In addition, productivity growth is positive over the study period. Managerial and policy implications for the Taiwanese international tourist hotel industry are also discussed.