The Development and Economic Impact of Tourism in China

Author

Li, Shusheng ; Liang, Zhao-hui

Author_Institution

Coll. of Econ., Tianjin Polytech. Univ., Tianjin, China

fYear

2009

fDate

13-14 Dec. 2009

Firstpage

339

Lastpage

341

Abstract

This paper investigates the relationship between the development of tourism and economy growth. Both two time series are non-stationary, meaning there are unit root in both series and their 1st difference series are stationary. From 1994 to 2007, there is stable relationship between these two series and the number of inbound visitors is the granger reason of the change of foreign exchange income on tourism. So we can get the idea that if we wish to improve the foreign income from tourism, the only way is to attract more inbound tourists.

Keywords

foreign exchange trading; macroeconomics; socio-economic effects; time series; travel industry; China; economic impact; economy growth; foreign exchange income; granger reason; inbound visitors; time series; tourism; Conference management; Econometrics; Educational institutions; Engineering management; Information management; Information technology; Mathematical model; Risk management; Technology management; Unemployment; co-integration; industry development; risk management; tourism;

fLanguage

English

Publisher

ieee

Conference_Titel

Future Information Technology and Management Engineering, 2009. FITME '09. Second International Conference on

Conference_Location

Sanya

Print_ISBN

978-1-4244-5339-9

Type

conf

DOI

10.1109/FITME.2009.90

Filename

5380996