Journal of Guangxi Normal University(Natural Science Edition) ›› 2020, Vol. 38 ›› Issue (1): 79-86.doi: 10.16088/j.issn.1001-6600.2020.01.010

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Effects Analysis of Inbound Tourism, Financial Development and Economic Growth in Guangxi

CHENG Dan1, LIU Libin2*, ZHANG Gengen3   

  1. 1. College of Tourism and Culture, Nanning Normal University, Nanning Guangxi 530001, China;
    2. College of Mathematics and Statistics,Nanning Normal University, Nanning Guangxi 530299, China;
    3. College of Mathematics and Statistics, Guangxi Normal University, Guilin Guangxi 541006, China
  • Received:2018-10-14 Online:2020-01-25 Published:2020-01-15

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Abstract: Based on related annual data of 1990-2016, the vector error correction model (VECM) is constructed and several statistical tests are used for the effects analysis of inbound tourism, financial development and economic growth in Guangxi. It is shown from the empirical results that there is a long-term equilibrium relationship among the three aspects, and inbound tourism is restricted by local financial development and economic growth in a short term. Meanwhile, Granger causality test and variance decomposition method are given. The analysis results not only prove the effectiveness of tourism oriented ecnomic growth hypothesis (TLGH) in Guangxi to some extent, but also show that both inbound tourism and financial development make contribution to regional economic growth in a long-run. Finally, it is suggested that local government should adhere to developing inbound tourism and maintaining financial stability to make contribution to realize long-run economic growth.

Key words: inbound tourism, economic growth, finance support, effects analysis, Guangxi

CLC Number: 

  • O212
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