Cost structure and productivity growth of the Taiwanese international tourist hotels

C F Chen and Kwok Tong Soo ()

No 578270, Working Papers from Lancaster University Management School, Economics Department

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.

Keywords: cost structure; scale economies; scope economies; productivity growth; hotel industry (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:lan:wpaper:578270

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