Back
 AJIBM  Vol.6 No.3 , March 2016
Study on Spatial Difference of the Relationship between Regional Tourism and Economic Growth
—Comparative Study of Guangzhou, Shenzhen and Zhuhai in Light of VAR Model
Abstract: Based on the Eviews software and panel data of Guangzhou city, Shenzhen city and Zhuhai city, the study investigated the dynamic relationship between regional tourism and economic growth, using the methods including Cointegration Test, Granger Causality Test, VAR models and Variance Decomposition. The study result shows that there are long-term mutual effects between regional economic growth and regional tourism industry in each area. And in each area, the local GDP, Earning from International Tourism (EIT) and Earning from Domestic Tourism (EDT) have cointegration relationship. Moreover, in one certain area, the contribution rate of different factors to fluctuation of one variable changes over time.
Cite this paper: Huang, Y. and Zhang, M. (2016) Study on Spatial Difference of the Relationship between Regional Tourism and Economic Growth
—Comparative Study of Guangzhou, Shenzhen and Zhuhai in Light of VAR Model. American Journal of Industrial and Business Management, 6, 221-231. doi: 10.4236/ajibm.2016.63020.
References

[1]   Tang, C.-H.H. and Jang, S.S. (2009) The Tourism-Economy Causality in the United States: A Sub-Industry Level Examination. Tourism Management, 30, 553-558.
http://dx.doi.org/10.1016/j.tourman.2008.09.009

[2]   Schubert, S.F., Brida, J.G. and Risso, W.A. (2011) The Impacts of International Tourism Demand on Economic Growth of Small Economies Dependent on Tourism. Tourism Management, 32, 377-385.
http://dx.doi.org/10.1016/j.tourman.2010.03.007

[3]   Brida, J.G. and Pulina, M. (2010) A Literature Review on the Tourism-Led-Growth Hypothesis. Centro di Ricerche Economiche NOrd e Sudd (CRENoS), Working Paper 17.

[4]   Balaguer, J. and Cantavella-Jorda, M. (2002) Tourism as a Long-Run Economic Growth Factor: The Spanish Case. Applied Economics, 34, 877-884.
http://dx.doi.org/10.1080/00036840110058923

[5]   Andriotis, K. (2002) Scale of Hospitality Firms and Local Economic Development—Evidence from Crete. Tourism Management, 23, 333-341.
http://dx.doi.org/10.1016/S0261-5177(01)00094-2

[6]   Croes, R.R. (2006) A Paradigm Shift to a New Strategy for Small Island Economies: Embracing Demand Side Economics for Value Enhancement and Long Term Economic Stability. Tourism Management, 27, 453-465.
http://dx.doi.org/10.1016/j.tourman.2004.12.003

[7]   Payne, J.E. and Mervar, A. (2010) Research Note: The Tourism-Growth Nexus in Croatia. Tourism Economics, 16, 1089-1094.
http://dx.doi.org/10.5367/te.2010.0014

[8]   Apergis, N. and Payne, J.E. (2012) Research Note: Tourism and Growth in the Caribbean Evidence from a Panel Error Correction Model. Tourism Economics, 18, 449-456.
http://dx.doi.org/10.5367/te.2012.0119

[9]   Chen, C.-F. and Chiou-Wei, S.Z. (2009) Tourism Expansion, Tourism Uncertainty and Economic Growth: New Evidence from Taiwan and Korea. Tourism Management, 30, 812-818.
http://dx.doi.org/10.1016/j.tourman.2008.12.013

[10]   Lee, C.-C. and Chang, C.-P. (2008) Tourism Development and Economic Growth: A Closer Look at Panels. Tourism Management, 29, 180-192.
http://dx.doi.org/10.1016/j.tourman.2007.02.013

[11]   Ridderstaat, J., Croes, R. and Nijkamp, P. (2013) Tourism and Long-Run Economic Growth in Aruba. International Journal of Tourism Research, 16, 472-487.

[12]   Figini, P. and Vici, L. (2010) Tourism and Growth in a Cross-Section of Countries. Tourism Economics, 16, 789-805.
http://dx.doi.org/10.5367/te.2010.0009

[13]   Katircioglu, S.T. (2009) Revisiting the Tourism-Led-Growth Hypothesis for Turkey Using the Bounds Test and Johansen Approach for Cointegration. Tourism Management, 30, 17-20.
http://dx.doi.org/10.1016/j.tourman.2008.04.004

[14]   Yang, Y. (2006) An Empirical Analysis of the Relationship between Tourism and Economic Growth in China. Tourism Science, 20, 40-46.

[15]   Chen, Y.L. (2005) Theoretical and Empirical Research on the Relationship between Tourism Development and Economic Growth in our Country. Hunan University.

[16]   Wu, Z.C. (2007) The Contribution of Inbound Tourism to Economic Growth in China. Journal of Beijing International Studies University, 9, 30-33.

[17]   Pang, L., Wang, Z. and Liu, Q.C. (2006) Research on the Relationship between International Tourism and Economic Growth in China. Areal Research and Development, 25, 51-55.

[18]   Deng, Z.T. and Lu, Y.Q. (2008) An Empirical Analysis of the Relationship between Tourism and Economic Growth in Hubei Province. Statistics and Decision, 17, 95-97.

[19]   Wang, J. (2007) An Empirical Analysis of the Relationship between Tourism and Economic Growth in Fujian Province. Economic and Social Development, 5, 73-75.

[20]   Yang, M. and Luo, H. (2008) Relationship between Tourism and Economic Growth. Resources & Industries, 10, 83-86.

 
 
Top