Inclusive finance and regional tourism economy: The role of total factor productivity

Wei Shan, Qian Cheng, Xudong Yu and Zhiqiang Ma

Finance Research Letters, 2024, vol. 67, issue PA

Abstract: Tourism economy is a key component of a region's GDP. Taking advantage of a panel data of 267 prefectures in China between 2010 and 2022, this research investigates the impact of inclusive finance on regional tourism economic development. We find that inclusive finance initiatives can significantly improve the tourism industry. In addition, we find total factor productivity substantially strengthens the positive relationship between inclusive finance and regional tourism economy. This study contributes to the burgeoning research on the consequences of inclusive finance and regional development.

Keywords: Inclusive finance; Regional tourism economy; Total factor productivity (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pa:s1544612324008092

DOI: 10.1016/j.frl.2024.105779

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