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| Can Tourism Boom Break The Resource Curse?——An Empirical Evidence from Mainland China |
| ZUO Bing |
| Sun Yat-Sen University; Yunnan University of Finance and Economics |
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Abstract The existence of natural resource curse has been a longstanding theme in the economics literature and in policy discussions which poses a conceptual puzzle in tourism study because tourism is also a resource-intensive industry. This paper examines the effects of tourism boom on the long-run economic growth through cross-province regressions following SW’s framework (Sachs and Warner, 1995). The findings are as follows: Tourism boom is more a curse than a blessing to current China. On one hand, tourism boom contributes to the increase in the prices of the non-tradable goods and the movement of capitals and labors from manufacturing to tourism. These two effects resulting in de-industrialization can be seen as negative feedback of tourism development to wealth. On the other hand, tourism expansion helps human capital accumulation and the degree of opening-up in destinations. But the current investment-driven growth pattern of China blocks these positive feedbacks of tourism to growth. D
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Received: 09 November 2012
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Corresponding Authors:
ZUO Bing
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2013, Vol. 1 
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