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EDMI038.pdf

Article Title : The Analysis of Tourism Development and Economic Growth of Shaanxi
Author(s) : Yan Zhang, Weiwei Xu
Corresponding Author : Yan Zhang
Keywords : Granger test; Cointegration test; Tourism industry.
PDF : http://download.BCPub.org/proceedings/2020/EDMI2020/EDMI038.pdf
Abstract

With the rapid development of tourism, the relationship between tourism and economic growth has attracted wide attention. Taking Shaanxi as an example, based on the years of 2004-2018 data, using cointegration test and Granger causality test, discusses the relationship between the tourism and the economic growth in Shaanxi. The result shows that there is a stable positive equilibrium relationship between the tourism and the economic growth in long term. Granger Test shows that Shaanxi tourism revenue and economic growth reinforce each other and promote each other; economic growth and tourism foreign revenue is one-way Granger reasons.

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