Effects of tourism development on economic growth: An empirical study of China based on both static and dynamic spatial Durbin models

Author:

Liu Honghong1ORCID,Xiao Ye1,Wang Bin1,Wu Dianting1

Affiliation:

1. Faculty of Geographical Science, Beijing Normal University, People’s Republic of China

Abstract

This study applies the dynamic spatial Durbin model (SDM) to explore the direct and spillover effects of tourism development on economic growth from the perspective of domestic and inbound tourism. The results are compared with those from the static SDM. The results support the tourism-led-economic-growth hypothesis in China. Specifically, domestic tourism and inbound tourism play a significant role in stimulating local economic growth. However, the spatial spillover effect is limited to domestic tourism, and the spatial spillover effect of inbound tourism is not significant. Furthermore, the long-term effects are much greater than the short-term impact for both domestic and inbound tourism. Plausible explanations of these results are provided and policy implications are drawn.

Funder

Science & Technology Basic Resources Investigation Program of China's “Multidisciplinary Joint Expedition for China-Mongolia-Russia Economic Corridor”

national natural science foundation of china

Publisher

SAGE Publications

Subject

Tourism, Leisure and Hospitality Management,Geography, Planning and Development

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