Case Study Of The Tourism Industry Development And Economic Growth

The tourism industry as an integrated, emerging and modern industry has thecharacteristics of strong relevance and rapid development. It contributes to improving theindustry structure and promoting the rapid development of other economic sectors. The studyon the tourism industry and economic growth has been one third of tourism impact studies(economic, environmental, and social). Chongqing as the most potential developmentmega-city in China’s western has unique region, rich tourism resources, historical and culturalvalue and unique urban form. Since Chongqing became a municipality in1997, its domesticstatus and international reputation are rapidly increasing, which is a good opportunity for thedevelopment of tourism industry and economic growth in Chongqing.For a long time, the social phenomenon that the tourism belongs to an economic naturehas been widely recognized by scholars. The development of tourism in various regions of theworld also focuses on the economic benefits it brings. Foreign theoretical research on therelationship between the development and economic growth of the tourism industry hasachieved three leaps, which laid the foundation for the academic research of China’s tourismindustry after the1980s. While most theories assume that the tourism industry has asignificant role in the development of economic growth. However, in a long-term dynamicprocess of economic development, how the causal relationship between the tourism industryand economic growth in Chongqing is; if it exists causal relationship, what the impact is; whatis the development of the tourism industry ahead of economic growth or economic growthprior to the development of the tourism industry, are still rather vague.In order to analyze the relationship between the development of the tourism industry andeconomic growth in Chongqing, this paper analyzed the status of Chongqing’s tourism fromthree aspects the history, overview, feature, as well as the problems; then it made empiricalresearch on the development of tourism industry and economic growth in econometricmethods:Firstly, research on the causal relationship between the development of tourism industryand economic growth in Granger causality test.Secondly, after get the result of a causal relationship, measure and analyze thecontribution from the tourism industry to economic growth, and then establish the model along-term dynamic equilibrium, and analyze the stimulating effect.Thirdly, understand the leading and lagging between the tourism industry and economicgrowth in the process long-term and short-term with the methods of cross-spectral analysisexactly.According to the above system analysis, there exist the two-way causal relationshipbetween the development of tourism industry and the economic growth in Chongqing. Fromthe index value of the contribution, the development of tourism industry contributes to theeconomic growth with relatively strong growth momentum, so tourism industry in Chongqingcan be developed as a pillar industry at this stage. From the relationship leading and laggingbetween the development of tourism industry and economic growth in Chongqing based oncross-spectral analysis, the development of tourism industry lags behind economic growthlevel. Finally, it makes benign interaction suggestions aims to promote the development of tourism industry and economic growth in Chongqing.