Effects of Thailand’s visa-free policy for Chinese tourists: evidence from a small-sample event study
16
Issued Date
2025-01-01
Resource Type
ISSN
19407963
eISSN
19407971
Scopus ID
2-s2.0-105021450368
Journal Title
Journal of Policy Research in Tourism Leisure and Events
Rights Holder(s)
SCOPUS
Bibliographic Citation
Journal of Policy Research in Tourism Leisure and Events (2025)
Suggested Citation
Pang B., Liu X., Xiao L. Effects of Thailand’s visa-free policy for Chinese tourists: evidence from a small-sample event study. Journal of Policy Research in Tourism Leisure and Events (2025). doi:10.1080/19407963.2025.2579557 Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/113127
Title
Effects of Thailand’s visa-free policy for Chinese tourists: evidence from a small-sample event study
Author's Affiliation
Corresponding Author(s)
Other Contributor(s)
Abstract
This study uses the visa exemption policy launched in September 2023 as the intervention point and employs an event study approach under small-sample conditions to dynamically evaluate its impact on Chinese tourist arrivals to Thailand and Thailand’s tourism economy. The findings indicate that the visa-free policy generated a short-term positive effect on both the number of Chinese tourists and tourism revenue during the initial stage of implementation, but the effect weakened over time. By incorporating CRV3-adjusted standard errors and robust testing procedures, the study enhances the credibility of its inferences and offers empirical insights into policy shocks under small-sample conditions.