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2010•Journal of Changshu Institute of TechnologyRequires access

An Empirical Study of the Relationship between Inbound Tourism and Economic Growth in Jiangsu

Qijun Liu

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Abstract

By employing co-integration analysis,Granger causality test and impulse-response function,this paper discusses the relationship between the inbound tourism and the economic growth in Jiangsu.The result shows that there is a long term stable and positive relationship between the inbound tourism development and the economic growth and the ECM explains their short-term dynamic equilibrium relationship.Additionally,Granger causality test shows that the inbound tourism and the economic growth in Jiangsu reinforce and promote each other.

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What this paper is about

By employing co-integration analysis,Granger causality test and impulse-response function,this paper discusses the relationship between the inbound tourism and the economic growth in Jiangsu.The result shows that there is a long term stable and positive relationship between the inbound tourism development and the economic growth and the ECM explains their short-term dynamic equilibrium relationship.Additionally,Granger causality test shows that the inbound tourism and the economic growth in Jiangsu reinforce and promote each other.

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Available abstract

By employing co-integration analysis,Granger causality test and impulse-response function,this paper discusses the relationship between the inbound tourism and the economic growth in Jiangsu.The result shows that there is a long term stable and positive relationship between the inbound tourism development and the economic growth and the ECM explains their short-term dynamic equilibrium relationship.Additionally,Granger causality test shows that the inbound tourism and the economic growth in Jiangsu reinforce and promote each other.

Key concepts: Granger causality, Tourism, Economics, Impulse response, Vector autoregression, Economic geography, Empirical research, Economic system

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