A Panel Data Study on the Spatial Dissimilarity of Tourism Economic Effect and Improvement Measures:Taking Shandong Province as a Case
In this article, the panel data of GDP and tourism income of 17 cities in Shandong Province in 2000-2012 are employed to establish the mathematics model to measure the long-run cointegration relation-ship between tourism development and economic growth in the 17 cities of Shandong Province. Furthermore, the Granger cause test and panel data regression analyses have been done in the cities in which the long-run cointegration relationship exists. The results from the analyses show that there are significant regional differ-ences concerning the tourism economic effect in Shandong Province. 1) In the eastern regional cities, tourism income is the Granger cause of the economic growth, and the tourism development has played an important role in promoting the economic growth, with the cities of Qingdao and Yantai having developed a mutual Granger cause relationship between the tourism income and economic growth. 2) In the central regional cities, economic growth is the Granger cause of tourism income growth, and the economic growth has promoted and protected the tourism development, featuring the cities of Dongying and Zaozhuang as new star cities in tour-ism development. 3) In the western regional cities, the long-run cointegration relationship between the tourism income and economic growth hasn’t been established. To conclude it, the study puts forward some suggestions in policy formulation to promote the equilibrium and sustainable development of regional tourism economy of Shandong Province.
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