Effects of tourism development on economic growth: An empirical study of China based on both static and dynamic spatial Durbin modelsHonghong Liu, Ye Xiao, Bin Wang & Dianting Wu
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...
1 citation reported since publication in 2021.
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