Analysis of the Economic Impact of Meteorological Disasters on Tourism: The Case of Typhoon Morakot's Impact on the Maolin National Scenic Area in Taiwan

Tzu-Ming Liu
Additional contact information
Tzu-Ming Liu: Graduate Program of Sustainable Tourism and Recreation Management, National TaiChung University of Education, No 140 Min-Sheng Road, TaiChung 40306, Taiwan

Tourism Economics, 2014, vol. 20, issue 1, 143-156

Abstract: This study explores the cost of extreme weather disasters to the tourism industry, taking the Taiwan Maolin National Scenic Area as an example. The paper evaluates the economic damage caused by typhoon Morakot. The author uses long-term tourist trend lines as the basis for calculating disaster losses and adopts an error correction model as a measurement method for the estimation. The study finds that the entire park lost over 700,000 visitors in the year and a half after the disaster, representing a loss of NT$1.39 billion in tourism business – a value three times the infrastructure loss. Any delays in reconstruction will increase the losses to the tourism industry. However, several tourist spots were gradually losing their attractiveness even before the disaster, and hastening to rebuild such sites is not conducive to the recovery of tourism. Rather, efforts should first be made to understand the reasons why these tourist spots were becoming less attractive and to gauge tourist demand for them before their reconstruction.

Keywords: weather disaster economic costs; climate change; tourism demand analysis; disaster recovery; error correction model; Taiwan (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://journals.sagepub.com/doi/10.5367/te.2013.0258 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:20:y:2014:i:1:p:143-156

DOI: 10.5367/te.2013.0258

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().