PreprintArticleVersion 1Preserved in Portico This version is not peer-reviewed
The Impact of the "Belt and Road" Initiative on Tourism Economic Development in Chinese Regions Along the Route---An Empirical Analysis Based on DID Model
Version 1
: Received: 29 December 2021 / Approved: 31 December 2021 / Online: 31 December 2021 (08:48:37 CET)
How to cite:
Lu, Y.; Colak, A. The Impact of the "Belt and Road" Initiative on Tourism Economic Development in Chinese Regions Along the Route---An Empirical Analysis Based on DID Model. Preprints2021, 2021120495. https://doi.org/10.20944/preprints202112.0495.v1
Lu, Y.; Colak, A. The Impact of the "Belt and Road" Initiative on Tourism Economic Development in Chinese Regions Along the Route---An Empirical Analysis Based on DID Model. Preprints 2021, 2021120495. https://doi.org/10.20944/preprints202112.0495.v1
Lu, Y.; Colak, A. The Impact of the "Belt and Road" Initiative on Tourism Economic Development in Chinese Regions Along the Route---An Empirical Analysis Based on DID Model. Preprints2021, 2021120495. https://doi.org/10.20944/preprints202112.0495.v1
APA Style
Lu, Y., & Colak, A. (2021). The Impact of the "Belt and Road" Initiative on Tourism Economic Development in Chinese Regions Along the Route---An Empirical Analysis Based on DID Model. Preprints. https://doi.org/10.20944/preprints202112.0495.v1
Chicago/Turabian Style
Lu, Y. and Alaaddin Colak. 2021 "The Impact of the "Belt and Road" Initiative on Tourism Economic Development in Chinese Regions Along the Route---An Empirical Analysis Based on DID Model" Preprints. https://doi.org/10.20944/preprints202112.0495.v1
Abstract
As an important component of modern service industry, tourism is regarded as a "green" driver to regional economic growth and industrial upgrading. Applying the "quasi-natural experiment" advocated by the “The Belt and Road” Initiative, this paper, based on the method of DID, as-sessed the influence of this initiative on regional tourism development by analyzing panel data collected from 286 prefecture-level cities in China over the period of 2007-2018. It is found that the "The Belt and Road" initiative has stimulated market dynamics and promoted tourism de-velopment in the regions along the route, and has significantly improved indicators such as per capita domestic and inbound tourism revenue and per capita domestic and inbound tourist re-ceipt. Also, the degree of contribution of domestic tourists to the tourism economy of the re-gions where the policy has been implemented is stronger than that of inbound tourists. In sum, the results of this paper not only confirm that the “The Belt and Road” Initiative has significantly contributed to the high-quality tourism development of Chinese provinces along the routes, but also provide important policy enlightenment for the upgrading of regional tourism industry and regional economic balance.
Keywords
"The Belt and Road" initiative; Tourism Economy; DID; Parallel Trend
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
