An Empirical Study on the Correlation between the Development ofChinese Tourism and Economic Growth

Tourism Research ›› 2019, Vol. 11 ›› Issue (6) : 66-81.

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PDF(893 KB)
Tourism Research ›› 2019, Vol. 11 ›› Issue (6) : 66-81.

An Empirical Study on the Correlation between the Development ofChinese Tourism and Economic Growth

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Abstract

The statistical data of Chinese tourism and economic development from 1990 to 2016were selected to verify the correlation between the development of Chinese tourism and economicgrowth. The cointegration model was built by using EViews8 0 statistical software. It was found thatthere is a longterm positive equilibrium among the domestic tourism, inbound tourism, and economygrowth. Moreover, there is a mutually causal relationship between the development of domestic tourismand economic growth by analyzing the Vector Auto regression (VAR) model. The promotion effect ofeconomic growth on the development of tourism is greater than the promotion effect of tourism on economic growth. The development of domestic tourism has a small effect on inbound tourism. The inbound tourism also has some impact on GDP. The development of the tourism is in a longterm and balanced relationship with economic growth, which may change dynamically in the short term but will soonbe adjusted to a balanced condition.

Key words

tourism / economic growth / domestic tourism revenue / VAR model

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An Empirical Study on the Correlation between the Development ofChinese Tourism and Economic Growth. Tourism Research. 2019, 11(6): 66-81
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