Study On The Development Of Regional Tourism Economy In Guangxi Based On Panel Model

In recent years,Guangxi has achieved remarkable results in the development of tourism through the implementation of projects in Guangxi for the implementation of prestigious counties with distinctive features.The tourism economy has also experienced rapid development.However,due to differences in regional conditions,development basis,and human and material resources,the regional tourism economy has experienced different speeds.In this study,panel model analysis and principal component analysis are used to study the differences in tourism economic development across Guangxi.The purpose is to find out the reasons for the backwardness of the tourism economy and the backwardness of its economic development,and to accelerate its development.Measures for the development of tourism economy in order to provide reference for local governments and economic management departments in the decision-making of tourism development.The paper firstly evaluates the development level of regional tourism economy based on principal component analysis method in 14 districts and cities in Guangxi.Secondly,it builds a regional tourism economic growth model including factors such as tourism development investment,tourism industry scale and tourism output effectiveness.Based on the division of developed regions,developed regions,and underdeveloped regions in the tourism economy,a panel regression model for the three major regions during 2006-2016 was established to study the differences in regional tourism economic growth among 14 cities in Guangxi.research shows:(1)There are significant differences in the development of the tourism economy between 14 cities in Guangxi.The absolute difference in the scale of domestic tourism in Guangxi increased from 56.68 in 2006 to 789.44 in 2016.The absolute difference in the scale of domestic tourism showed an increasing trend,while the relative difference narrowed from fluctuations,from 0.86 in 2006 to 0.7 in 2016.(2)The spatial difference in the tourism economy is persistent.Compared with the scale of tourism in cities around Guangxi in 2006,the scale of tourism in cities around Guangxi did not change substantially in 2016.It is still the basic pattern of Nanning and Guilin.For more than a decade,the basic pattern of spatial differences in Guangxi's regional tourism economy has not changed fundamentally,and the level of economic development across regions has been persistent.(3)Impact of tourism investment(fixed assets investment in service industries)on inter-regional tourism economy.For tourism developed regions,the increase in investment in fixed assets of tourism companies has a significant effect on promoting tourism economic growth;for tourism economic development regions,the increase in tourism investment is not significant to promote tourism economic growth;and the number of tourism employees has an impact on the growth of tourism economy.Reverse effect.(4)The impact of the scale of the tourism industry on the inter-regional tourism economy.The increase in the number of A-level scenic spots and travel agencies has a significant role in promoting tourism economic growth.The increase in the number of star-rated hotels has a reverse effect on the growth of the tourism economy.The increase in the length of transportation has a positive effect on the growth of the developed regions in tourism and tourism economic development.Based on the panel data of 14 cities and districts in Guangxi during 2006-2016,and based on examining the spatial dependence of the growth of tourism economic output in Guangxi,this paper establishes an econometric model of space panels,focusing on tourism development investment and tourism facilities.The contribution of tourism economic growth has been accurately estimated and examined whether there is a spatial spillover effect of tourism economic growth.The following conclusions have been obtained:(1)There is a clear spatial correlation in Guangxi's regional tourism economic growth.The spatial correlation in the process of regional tourism economic growth must be fully considered in the tourism economic estimation research.(2)The tertiary industry investment in fixed assets has a significant impact on total tourism revenue.The tertiary industry has a relatively wide range of investment in fixed assets,mainly including investments in transportation,accommodation and catering,environmental and public facilities management,and other investments in addition to the primary and secondary industries.The investment status of the tertiary industry's fixed assets directly affects the reception capacity of tourist destinations and the quality of tourists' travel experience.(3)Tourism resources have a significant positive effect on Guangxi's tourism economic growth.(4)The number of employees in tourism has no significant effect on Guangxi's tourism economic growth.The empirical analysis shows that the investment in the tourism industry in Guangxi does not have a significant impact on the growth of Guangxi's tourism economy.This shows to a large extent that the level of tourism services in Guangxi is not high,and the awareness of service of tourism employees is weak.Tourism services have not brought the value added to the tourism economy.