Tourism Development, Spatial Spillover and Economic Growth

Authors: Zhengying Shan*,
Topics: Spatial Analysis & Modeling, Regional Geography
Keywords: Economic growth, Tourism development, Spatial spillover effect
Session Type: Paper
Day: 4/5/2019
Start / End Time: 3:05 PM / 4:45 PM
Room: Cleveland 2, Marriott, Mezzanine Level
Presentation File: No File Uploaded

Over the decades, an increasing number of regions around the world have established themselves as major tourist destinations. Research on the relationship between regional economic growth and tourism development is not only the core of tourism economics study but also a long-term hot topic among regional economic regional development theorists. Studies on the relationship between tourism development and economic growth are voluminous and generally are focused on the debate on the impact of tourism development on economic growth. Mainstream tourism economics literatures believe that tourism development has played a significant role in promoting economic growth. On the other hand, skeptics argue that tourism development does not have long and sustainable contributions to economic growth. Researchers mainly investigate the relationship between tourism development and economic growth through time-series studies and general panel data analysis. Although these researchers are consistent in defining study objects as independent observations in the traditional sense, they ignore the geospatial relevance and dependence of tourism development and economic growth. In addition to some intrinsic elements, such as fixed capital investment, knowledge, and technological progress, human capital and natural resource endowments, the growth of the tourism economy may affect by the surrounding regions. Base on the former researches, this article adopts space panel measurement and take Hainan province as the case area to analysis the issue. A more convincing result and explanation will get in the end.

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