Empirical Research on Relationship between Tourism Development and Economic Growth——A Case Study of Hunan Province
Bohua Li
Abstract
Bohua Li
Abstract
By building econometric models among domestic tourism income,inbound tourism revenue and GDP,and using co-integration theory and Granger Causality Tests,this article tries to find out if tourism-leading economy or economy-drive-tourism development existed in Hunan Province.Then it studies the contribution of domestic tourism income and inbound tourism revenue to economy growth in Hunan Province by model checking.The results show that there is tourism-leading economy existed in Hunan Province.The contribution of domestic tourism income to economy growth is higher than inbound tourism revenue.Economy growth has a significant impact on inbound tourism but less impact on domestic tourism.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
By building econometric models among domestic tourism income,inbound tourism revenue and GDP,and using co-integration theory and Granger Causality Tests,this article tries to find out if tourism-leading economy or economy-drive-tourism development existed in Hunan Province.Then it studies the contribution of domestic tourism income and inbound tourism revenue to economy growth in Hunan Province by model checking.The results show that there is tourism-leading economy existed in Hunan Province.The contribution of domestic tourism income to economy growth is higher than inbound tourism revenue.Economy growth has a significant impact on inbound tourism but less impact on domestic tourism.
Key concepts: Tourism, Revenue, Granger causality, Economy, Domestic tourism, Econometric model, Economics, Empirical research