Role of foreign direct Investment and political openness in boosting the eco-tourism sector for achieving sustainability

Yunfeng Shang, Qin Yang and Yuanjie Pu ()
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Yunfeng Shang: Zhejiang Yuexiu University
Qin Yang: Zhejiang Yuexiu University
Yuanjie Pu: Zhejiang Yuexiu University

Palgrave Communications, 2024, vol. 11, issue 1, 1-8

Abstract: Abstract This study aimed to examine the impact of China’s political openness index and foreign direct investment on its ecotourism index from 1985 to 2019. The findings revealed that a 1% rise in foreign direct investment had a long-term effect, increasing China’s sustainable tourism index by 0.01%. Furthermore, the political openness index played a significant role in boosting ecotourism in China over both short and long periods. A 1% increase in the political openness index corresponded to a 0.32 and 0.53% increase in China’s ecotourism index in the short and long term, respectively. Additionally, the financial openness index had a positive impact in the short and long term, with a 1% improvement resulting in approximately 0.24 and 0.23% increases in China’s ecotourism index. Key policies to advance eco-tourism in China include ensuring political stability, enhancing green financial markets through fintech and blockchain, and implementing poverty alleviation measures.

Date: 2024
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DOI: 10.1057/s41599-023-02592-z

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