Research on Dynamic Effects of Financial Support to Tourism Industry Development

Wei, Xiu-Hua; Yang, Jian-Zhou; Cao, Wei

doi:10.12783/dtssehs/icssd2017/19209

Cited by 1 publication

(1 citation statement)

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“…Song and Xu investigated the impact of financing constraints on the innovation of tourism enterprises and suggested that the government should provide financial support for innovation activities [23]. Wei et al analyzed dynamic panel data from nine cities in Fujian Province, confirming the supportive role of the financial industry in tourism [24]. Additionally, some studies focus on the integration and development of finance and tourism.…”

Section: The Relationship Between the Financial Industry And Tourismmentioning

confidence: 99%

How Digital Financial Inclusion Boosts Tourism: Evidence from Chinese Cities

Zhang,

Liu,

2023

JTAER

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It is crucial to explore the impact of digital financial inclusion on tourism for national economic development. This paper utilizes panel data from 256 prefecture-level cities in China between 2011 and 2019 to examine the influence of digital financial inclusion on tourism. The findings demonstrate that digital financial inclusion significantly contributes to the development of the tourism industry. Notably, its coverage breadth, depth of use, and level of digitalization also have positive effects. Mechanism analysis reveals that digital financial inclusion facilitates the growth of tourism by supporting the development of tourism enterprises and enhancing consumer spending. Heterogeneity analysis further reveals regional and urban disparities in the promotion of digital financial inclusion, with the effect being more pronounced in the eastern region and larger cities. In comparison to existing studies, this paper delves into the mechanisms through which digital financial inclusion impacts tourism, as well as investigates regional and city size discrepancies. Consequently, governments should strive to foster the development of digital financial inclusion to attract market players and promote the advancement of residents’ consumption, thereby bolstering tourism development.

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Section: The Relationship Between the Financial Industry And Tourismmentioning

confidence: 99%