| Summary: | 碩士 === 大葉大學 === 管理學院碩士在職專班 === 103 === This research period started from January, 2009 to August, 2014. On average, the number of visitor arrivals to Taiwan in decreasing order, is Asia, China, Japan, Hong Kong, the United States, Europe and Oceania. However, excluding China, Japan and Hong Kong from Taiwan, the number of visitor arrivals to Taiwan of Asia are less than China. Therefore, China visitors to Taiwan occupy an important position. With the use of VAR model for analysis, the results showed that the number of visitor arrivals to Taiwan of every region had no significant leading relationship to tourism stock index.
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