tourism

  • 详情 Internet tradition and tourism development: A causality analysis on BRI listed economies
    The study aims to explain the economic impact of Internet implication in tourism sector by taking sample of mega project listed countries (which provide big pitch to boost tourism business). Our work find the volatility cause of tourism revenue at country i, by examining the inbound tourist expenditures as a factor of technological infrastructure. We deploy data ranging from 1990 to 2017 and uses error correction model as representative of Autoregressive-Distributed Lag (ARDL) model after addressing diagnostic tests (for data reliability concern). We found long- and short-run association between tourism expenditure and information and communication technology (ICT) proxies in case of developed economies, while only short-run association in underdeveloped countries. The startling scenario about underdeveloped economies are also confirmed by one-way causation in our analysis. After sensitive analysis at each slot, the study concludes that tourism revenue is streaming low across those boundaries where tourists a
  • 详情 Short-Term and Long-Term Effects of Chinese and Global Economic Policy Uncertainty and Geopolitical Risks on Chinese Tourism
    This paper focuses on how Chinese and global economic policy uncertainties (CNEPU and GEPU) and geopolitical risks (CNGPR and GGPR) affect the growth of inbound tourism in China using ARDL and NARDL models as well as monthly series of Chinese inbound tourism revenue and arrivals. Firstly, we find significant effects of CNGPR and GGPR as well as GEPU on the growth of inbound tourism in Hainan Province and even in China nationwide, while the impact of CNEPU is limited. Among them, GEPU always has a significant long-term negative impact on inbound tourism growth (both inbound tourism revenue and inbound tourism arrivals). However, CNGPR has a significant short-term negative impact on inbound tourism growth in China nationwide but it has a significant long-term negative impact on inbound tourism growth in Hainan Province. Besides, estimation results of NARDL model further show the significant short-term effects of GEPU and GGPR on the growth of inbound tourism arrivals in Hainan Province and even in China nationwide, and such short-term effects are always significantly asymmetric. Among them, the negative components of GGPR can always more influence the growth of inbound tourism arrivals. However, the positive components of GEPU can more influence the growth inbound tourism arrivals in Hainan Province, but the negative components of GEPU can more influence the growth of inbound tourism arrivals in China nationwide.
  • 详情 Does Air Pollution Cause a Reduction of Housing Prices? New Evidence Using Central Environmental Protection Inspection as a Quasi-Natural Experiment
    This paper investigates the causal effects of air pollution on housing prices in China using a dataset of 65 cities from 2014 to 2021. We employ the central environmental protection inspection (CEPI) as a quasi-natural experiment for air pollution index to show a negative causal relationship between air pollution and housing prices. We also find that this causal relationship is more pronounced for less-developed, manufacturing-intensive and tourismrelied cities. Our results reveal the response to central environmental protection inspection on improvement in regional air pollution protection but its by-effects on housing markets, as the impact is limited if the inspection is conducted repeatedly, suggesting its unsustainability as a regulatory tool.
  • 详情 Globalizing Hainan Tourism Products: Lessons from Canadian Tourism Operations Management
    This article examines the experience of Canada’s tourism product operation and management, which has been highly successful in ensuring dynamic development and innovation while maintaining traditional tourism practices. The Canadian model emphasizes quality assurance, organizational support, marketing, and data analysis, providing valuable insights for the internationalization of Hainan’s tourism products. The study suggests that Hainan should focus on improving the overall coordination of its tourism operations, enhancing scientific quality management, utilizing tourism data effectively, and prioritizing efficient marketing. The development of inbound tourism should be used as an entry point to drive Hainan’s international tourism industry and promote the establishment of an international tourism consumption center. The article highlights the current limitations in Hainan’s internationalization of the tourism industry and identifies the need for a new operational management model that is innovative and effective. [译]本文深入探讨了加拿大在旅游产品运营与管理方面的成功经验,该国在确保旅游业动态发展和创新的同时,也成功维持了传统旅游实践。加拿大的模式着重于质量保证、组织支持、市场营销和数据分析,为海南旅游产品的国际化提供了宝贵的启示。研究建议,海南应重点提高其旅游运营的整体协调性,加强科学的质量管理,有效利用旅游数据,并优先重视高效的市场营销。应将入境旅游的发展作为推动海南国际旅游业和促进国际旅游消费中心建设的切入点。文章强调了海南在旅游业国际化方面存在的局限性,并指出了需要一种新颖、有效的运营管理模式的必要性。
  • 详情 Portfolio Management During Epidemics: The Case of SARS in China
    This paper assesses the impact of the severe acute respiratory syndrome (SARS) on the stock market of China. Our results indicate that the Chinese stock market reacts rapidly to the SARS epidemic. We provide strong empirical evidence that the epidemic has an immediate impact on the pharmaceutical and tourism industries. In particular, pharmaceutical companies are benefited from the outbreak of SARS, while the tourism sector is adversely affected. Our results imply the existence of a profitable trading rule during an epidemic.