An Empirical Study on Economic Growth of New Urbanization and Tourism Development
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 3
Abstract
In recent years, the new concept of "urban tourism" has been widely proposed. This paper studies the time series data of China from 1996 to 2016 and constructs a VAR model to analyze the impact of new urbanization and tourism development on economic growth. The empirical results show that: (1) Tourism development has a significant role in promoting economic development. (2) In the short term, urbanization has not played a role in promoting economic development. However, in the long run, the development of urbanization will promote economic growth. Based on the empirical results, the following suggestions are made: Develop tourism, promote the process of urbanization and economic development, and formulate the plan of "Urbanization of Tourism and Tourism to Towns".
Authors and Affiliations
Xin Chen, Zhe Yin
Keywords
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- EP ID EP414654
- DOI 10.9790/5933-0903015662.
- Views 230
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