The Economic Resilience Cycle Evolution and Spatial-Temporal Difference of Tourism Industry in Guangdong-Hong Kong-Macao Greater Bay Area from 2000 to 2019

Wenjing Cui, Jing Chen, Tao Xue and Huawen Shen
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Wenjing Cui: College of Geosciences and Tourism, Hanshan Normal University, Chaozhou 521000, China
Jing Chen: College of Geosciences and Tourism, Hanshan Normal University, Chaozhou 521000, China
Tao Xue: College of Tourism and Service Management, Nankai University, Tianjin 300350, China
Huawen Shen: Faculty of International Tourism and Management, City University of Macau, Macau 999078, China

Sustainability, 2021, vol. 13, issue 21, 1-14

Abstract: Based on the tourism industry economic panel data, this research divides and measures the tourism industry’s economic resilience cycle in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) by constructing a counterfactual function and exploring the evolution of its Spatial-Temporal difference characteristics in the past 20 years. Estimation results show that three out of the four Recession–Recovery cycles of GBA have been characterized as “creative destruction”. Moreover, the economic resilience values and fluctuation trends of the individual tourism industries in the GBA are quite different. Additionally, the economic resilience of the urban tourism industry has changed from centralized to discrete, and the trend of economic resilience of the tourism industry has changed from low toughness to concentrated. This study expands the practice of resilience theory in the tourism industry economy, and it reveals the difference of tourism industry resilience in the metropolitan area system of GBA urban agglomeration from the perspective of industrial economic resistance and resilience.

Keywords: Guangdong-Hong Kong-Macao Greater Bay Area; tourism industry economy; regional resilience (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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