Impacts of Symmetric and Asymmetric Tourism Activities on Economic Development: Evidence from China’s Provinces

This study uses bootstrap symmetric and asymmetric multivariate panel Granger causality test to examine the relationship between international tourism receipts (ITRs) and economic growth in China. Our preliminary findings support evidence for the asymmetric panel causality test, which examines hidde...

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Autores principales: Wu, Hung-Che, Legohérel, Angela
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10113000/
http://dx.doi.org/10.1007/s13132-023-01286-w
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author Wu, Hung-Che
Legohérel, Angela
author_facet Wu, Hung-Che
Legohérel, Angela
author_sort Wu, Hung-Che
collection PubMed
description This study uses bootstrap symmetric and asymmetric multivariate panel Granger causality test to examine the relationship between international tourism receipts (ITRs) and economic growth in China. Our preliminary findings support evidence for the asymmetric panel causality test, which examines hidden causality between variables, displaying that there is causality from the positive shocks of ITRs to the positive shocks of real gross domestic product (RGDP) in Fujian, Jiangsu, and Tianjin. Hainan has significant two-way Granger causality based on RGDP and ITRs. These results imply that the hidden tourism-led growth hypothesis is valid in Fujian, Hainan, Jiangsu, Shandong, and Tianjin.
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spelling pubmed-101130002023-04-20 Impacts of Symmetric and Asymmetric Tourism Activities on Economic Development: Evidence from China’s Provinces Wu, Hung-Che Legohérel, Angela J Knowl Econ Article This study uses bootstrap symmetric and asymmetric multivariate panel Granger causality test to examine the relationship between international tourism receipts (ITRs) and economic growth in China. Our preliminary findings support evidence for the asymmetric panel causality test, which examines hidden causality between variables, displaying that there is causality from the positive shocks of ITRs to the positive shocks of real gross domestic product (RGDP) in Fujian, Jiangsu, and Tianjin. Hainan has significant two-way Granger causality based on RGDP and ITRs. These results imply that the hidden tourism-led growth hypothesis is valid in Fujian, Hainan, Jiangsu, Shandong, and Tianjin. Springer US 2023-04-19 /pmc/articles/PMC10113000/ http://dx.doi.org/10.1007/s13132-023-01286-w Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2023, Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Wu, Hung-Che
Legohérel, Angela
Impacts of Symmetric and Asymmetric Tourism Activities on Economic Development: Evidence from China’s Provinces
title Impacts of Symmetric and Asymmetric Tourism Activities on Economic Development: Evidence from China’s Provinces
title_full Impacts of Symmetric and Asymmetric Tourism Activities on Economic Development: Evidence from China’s Provinces
title_fullStr Impacts of Symmetric and Asymmetric Tourism Activities on Economic Development: Evidence from China’s Provinces
title_full_unstemmed Impacts of Symmetric and Asymmetric Tourism Activities on Economic Development: Evidence from China’s Provinces
title_short Impacts of Symmetric and Asymmetric Tourism Activities on Economic Development: Evidence from China’s Provinces
title_sort impacts of symmetric and asymmetric tourism activities on economic development: evidence from china’s provinces
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10113000/
http://dx.doi.org/10.1007/s13132-023-01286-w
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