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Economic Growth Spillovers of Tourism Development and Threshold Effect of Infrastructure: An Empirical Analysis |
ZHAO Lei1,FANG Cheng2,2 |
1. Shanghai University of Finance & Economics,2. |
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Abstract As a core content of modern tourism economy, economic growth spillovers of tourism development is a logical start of tourism studies. Through the threshold regression of panel data about the nonlinear econometric theory, this paper makes an empirical test about economic growth spillovers of tourism development in China based on inter-provincial panel data from 1999 to 2009 by constructing a panel threshold regression model, with infrastructure as the threshold variable. The results show that, with other variables under control, economic growth spillovers of tourism development has a significantly positive and non-monotonic “dual threshold effect” based on the infrastructure. At the national level, with the construction of infrastructure, economic growth spillovers effect of tourism development shows a “V” shape. Regarding different levels of infrastructure, economic growth spillovers effect of tourism development within a sub-sample on a less developed level is significantly less t
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Received: 02 August 2012
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Corresponding Authors:
ZHAO Lei
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