Empirical Study on the Impact of Domestic Economic Cycle on Sichuan’s Tourism

DOI: 10.4236/jssm.2012.53034   PDF   HTML     4,821 Downloads   6,890 Views   Citations

Abstract

This article empirically enquires, from the perspective of demand, the impact of economic cyclical fluctuation on Sichuan tourism. The findings show that Sichuan tourism demand proves elastic to CPI, Sichuan’s GNI capita and interest rate, and that CPI and interest rate fluctuations are negatively correlated with Sichuan domestic tourism demand, while, with which Sichuan’s GNI capita is positively associated. The study also finds that per capita national income and the local consumer price index enjoy strong predictive power for Sichuan tourism.

Share and Cite:

J. Liu and Q. Yan, "Empirical Study on the Impact of Domestic Economic Cycle on Sichuan’s Tourism," Journal of Service Science and Management, Vol. 5 No. 3, 2012, pp. 289-292. doi: 10.4236/jssm.2012.53034.

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1] M. Lonhmann, “New Demand Factors in Tourism,” European Tourism Forum, Budapest, 15 October 2004.
[2] Q. Guo, “Co-Integration Analysis of Leisure Demand and Economy Growth,” Recent Advance in Statistics Application and Related Areas: Proceedings of IIASS Conference, Vol. 1, 2009, pp. 2085-2089.
[3] Z. Gu, “The Relationship between Interest Rate and Tourism Activities,” International Journal of Hospitality Management, Vol. 14. 1995, pp. 239-243. doi:10.1016/0278-4319(95)00012-7
[4] G. K. Turnbull, “Location, Housing, and Leisure Demand under Local Employment,” Land Economics, Vol. 68, No. 1, 1992, pp. 62-71. doi:10.2307/3146743
[5] J. D. Owen, “The Demand for Leisure,” The Journal of Political Economy, Vol. 79, No. 1, 1971, pp. 56-76. doi:10.1086/259724
[6] L. Philips, “The Demand for Leisure and Money,” Econometrica, Vol. 46, No. 5, 1978, pp. 1025-1043. doi:10.2307/1911434
[7] Y. G. Zhu, M. H. Wu and C. Li, “Empirical Research on Nanjing Residents Travel Demand,” Social Scientists, Vol. 6, 2007, pp. 120-123.

  
comments powered by Disqus

Copyright © 2020 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.