| Summary: | 碩士 === 國立中山大學 === 經濟學研究所 === 107 === Based on the economic relationship among the number of Taiwanese passengers, Taiwan EPU index, exchange rate, international crude oil price, CPI index and per capita GDP, this paper establishes a regression model to explore the impact of economic policy uncertainty on passengers coming to Taiwan from 2003 to 2018. The study found that in the long-run, international travelers are significantly affected by Taiwan''s EPU index, Taiwan''s CPI and Taiwan''s per capita GDP. Among them, Taiwan''s CPI and Taiwan''s per capita GDP have a significant positive correlation with Taiwan''s tourist arrivals. According to the passengers of various continents, the Taiwan EPU index has a significant positive correlation with Asia, Europe and the United States. Among the major countries in Asia, Taiwan''s EPU index has a significant impact on Chinese tourists. It is empirically found that the Chinese mainland government has a significant impact on the tourism and conference passengers coming to Taiwan due to different regulations. The Taiwan EPU index is significantly negatively correlated with Chinese tourists. Meeting visitors were significantly positively correlated. In addition, the study found that Taiwan''s economic growth will attract Hong Kong, Japan, South Korea and Singapore visitors, which is significantly positively correlated. Uncertainty affects a country''s economic growth. Economic growth affects countries'' CPI and per capita GDP, while per capita GDP, international crude oil prices, and exchange rate fluctuations affect market price levels. To sum up, the three most important factors impacted in the number of international passengers are the long-run uncertainty, GDP, and price fluctuations.
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