A Dynamic Study of the Relationship between Inbound Tourism and Regional Economic Growth
This paper applies the panel unit roots, heterogeneous cointegration and causality test techniques to re-investigate the relationship between inbound tourism and regional economic growth of 27 provinces, autonomous regions and municipalities in China for the 1995-2007 period. The result indicates that on the nationwide scale, there is a long-term equilibrium between foreign exchange earnings from tourism and local GDP in the east, central and west of China and that inbound tourism of each crosssection has a positive effect on its economic growth. Additionally, the elasticity of the west is the largest and that of the central region is the smallest, as viewed from the overall effect. Finally, economic growth is the Granger cause of inbound tourism development in all the three regions in the long term and the causality is strong while inbound tourism and economic growth in the west forms a short-term feed-back effect.
Inbound Tourism Economic Growth Panel Cointegration Panel Causality
DENG Qizhong CAO Lei CHEN Rui
Management School, Hunan University of Science and Technology, Xiangtan 411201, Hunan School of Econ School of Economics and Management, Wuhan University, Wuhan 430072,Hubei Department of Real Estate & Construction, The University of Hong Kong, HKSAR
国际会议
The International Conference on Management of Technology,taiyuan 2009(2009太原技术管理国际研讨会)
太原
英文
727-732
2009-11-20（万方平台首次上网日期，不代表论文的发表时间）