Does the belt and road initiative stimulate China’s inbound tourist market? An empirical study using the gravity model with a DID method

• Xueying Huang ^[1] ; Yuanjun Han ^[2] ; Xuhong Gong ^[3] ; Xiangyan Liu ^[2]
  1. [1] Guangxi University of Finance and Economics

     Guangxi University of Finance and Economics

     China

     
  2. [2] China Tourism Academy

     China Tourism Academy

     China

     
  3. [3] East China University of Political Science and Law

     East China University of Political Science and Law

     China

     

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• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 26, Nº. Extra 2, 2020 (Ejemplar dedicado a: Tourism Economics in China: Facing the new normal), págs. 299-323
• Idioma: inglés
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• Resumen

  • This study examines the influence of the Belt and Road Initiative on China’s inbound tourist market, generated from countries and regions along the Belt and Road, using a gravity model with a difference-in-differences method. Panel data for 2008–2016 indicate that the Belt and Road Initiative has direct and significant positive effects on Chinese international touristgenerating markets, but the annual treatment effects are only partly significantly positive. We also examined the heterogeneous effects and mechanism of the Belt and Road Initiative on the inbound tourist market by grouping countries according to the levels of trade openness with China and economic development. The heterogeneous effect tests reveal that China’s international tourist origin countries with low levels of trade openness with China and high levels of economic development benefit from the Belt and Road Initiative. The findings of this study provide policy guidance on expansion for China’s inbound tourism market.