The relations between tourism and economic growth in Xinjiang——based on cointegration analysis and the Granger causality test
Luo Hui
Abstract
Luo Hui
Abstract
In this paper,the modern econometric cointegration analysis and Granger causality test were used to make a study on the relationship between tourism development and economic growth of Xinjiang from 1990 to 2006.The results showed that the economic growth stimulating effect had a lag period on the tourism industry.But in the short term,there was no causal relationship between Xinjiang tourism development and economic growth,they had a long-term balanced relations,and the stimulatory effect of international tourism income to the economy ahead the domestic tourism income in the time.To some extent,this conclusion provided a scientific basis to avoid blindness for tourism development policy formulation of Xinjiang in the future.
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In this paper,the modern econometric cointegration analysis and Granger causality test were used to make a study on the relationship between tourism development and economic growth of Xinjiang from 1990 to 2006.The results showed that the economic growth stimulating effect had a lag period on the tourism industry.But in the short term,there was no causal relationship between Xinjiang tourism development and economic growth,they had a long-term balanced relations,and the stimulatory effect of international tourism income to the economy ahead the domestic tourism income in the time.To some extent,this conclusion provided a scientific basis to avoid blindness for tourism development policy formulation of Xinjiang in the future.
Key concepts: Cointegration, Granger causality, Tourism, Economics, Causality (physics), Macroeconomics, Economy, Econometrics