Empirical Relationship between Tourism Development and Economic Growth in Gansu Province
BA Duo-xu
Abstract
BA Duo-xu
Abstract
Using the empirical analysis cointegration and Granger Causality Test methods,this paper analyzed the relationship between the development of tourism and economic growth in Gansu Province during 1997-2012.The results showed that domestic tourism revenue and economic growth was cointegrated in Gansu.And,there was a dynamic equilibrium between domestic tourism revenue and economic growth in Gansu Province.However,inbound tourism revenue in Gansu Province and the economic growth was not cointegrated.There was the presence of a one-way causal relationship between economic growth and domestic tourism revenue in Gansu Province.
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Using the empirical analysis cointegration and Granger Causality Test methods,this paper analyzed the relationship between the development of tourism and economic growth in Gansu Province during 1997-2012.The results showed that domestic tourism revenue and economic growth was cointegrated in Gansu.And,there was a dynamic equilibrium between domestic tourism revenue and economic growth in Gansu Province.However,inbound tourism revenue in Gansu Province and the economic growth was not cointegrated.There was the presence of a one-way causal relationship between economic growth and domestic tourism revenue in Gansu Province.
Key concepts: Cointegration, Revenue, Tourism, Granger causality, Economics, Economy, Economic geography, Geography