The Symmetric and Asymmetric in the Nexus Tourism and Economic Development in China

被引：0
|
作者：
Wu, Tsung Pao [1 ]
Wu, Hung-Che [2 ,5 ]
Ye, George L. [1 ]
Yao, Xingyuan [3 ]
Chen, Feng [4 ]
机构：
[1] Beijing Inst Technol, Inst Greater Bay Area Dev, Sch Accounting & Finance, Zhuhai, Guangdong, Peoples R China
[2] Univ Calif San Diego, Dept Econ, La Jolla, CA USA
[3] Zhejiang Financial Coll, Ecommerce & New Consumpt Inst, Res Ctr Reg Financial Dev, Hangzhou, Zhejiang, Peoples R China
[4] Australian Natl Univ, Coll Business & Econ, Canberra, Australia
[5] Univ Calif San Diego, Dept Econ, 9500 Gilman Dr, La Jolla, CA 92093 USA
来源：
CHINESE ECONOMY | 2023年 / 56卷 / 05期
关键词：
Tourism; economic growth; bootstrap multivariate asymmetric panel Granger causality test; China's provinces; GROWTH HYPOTHESIS; CAUSALITY ANALYSIS; INTEGRATION; COUNTRIES; POLICY; MODEL; ASIA;
D O I：
10.1080/10971475.2023.2173397
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
To account for potential asymmetries in the relationship, this study applies new bootstrap symmetric and asymmetric multivariate panel Granger causality test to examine the causal relationship between international tourism receipts (ITRs) and economic growth in China for the period from 1995 to 2019. The result supports evidence for the symmetric causality in Henan, showing significant one-way Granger causality from ITRs to real gross domestic product (RGDP). They also indicate that Hunan has significant one-way Granger causality from RGDP to ITRs. These results denote that the hidden tourism-led growth hypothesis is valid in Heilongjiang, Henan, Hubei and Jiangxi.
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页码：399 / 414
页数：16
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