HIGH-SPEED RAIL AND TOURISM EXPANSION IN CHINA: A SPATIAL SPILLOVER EFFECT PERSPECTIVE-Reference-Cited by-同舟云学术

HIGH-SPEED RAIL AND TOURISM EXPANSION IN CHINA: A SPATIAL SPILLOVER EFFECT PERSPECTIVE

Published:2023-11-06 Issue:6 Volume:29 Page:1753-1775
ISSN:2029-4913
Container-title:Technological and Economic Development of Economy
language:
Short-container-title:

Author:

Zhang Fan¹,Wang Feng²,Yao Shujie³,Fu Fanjie⁴

Affiliation:

1. School of Economics, Shanxi University of Finance and Economics, Shanxi, China

2. School of Economics and Business Administration, Chongqing University, Chongqing, China; Institution of Digital Energy & Technical Economics, Chongqing University, Chongqing, China

3. School of Economics and Business Administration, Chongqing University, Chongqing, China

4. Sichuan International Studies University, Chongqing, China

Abstract

Tourism exerts a great effect on the modern economy and relies largely on the flow of people facilitated by high-quality transportation infrastructure. Applying a spatial econometric method, this paper investigates the effect of high-speed rail (HSR) on tourism expansion in China from the view of the spatial spillover effect. Based on a 276 Chinese cities’ panel dataset over 2005–2019, a positive role of HSR in tourism expansion is observed. Compared with cities unconnected to the HSR network, cities accessible by HSR experienced a 22% increase in tourism revenue and a 38% rise in tourist arrivals. In addition, the connection of a city to the HSR network also exerts a great spatial spillover role in the increase of tourism revenue and arrivals in peripheral cities which are not directly connected by HSR. The research findings offer important insights on the relationship between transportation infrastructure and tourism with significant policy implications regarding tourism development.

Publisher

Vilnius Gediminas Technical University

Subject

Finance

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