Analysis of the investment security of the accommodation industry for countries along the B&R

Jie Yin, Xiaoyan Yang, Xiangmin Zheng and Niantao Jiao
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Jie Yin: Huaqiao University, China
Xiaoyan Yang: Huaqiao University, China
Xiangmin Zheng: Huaqiao University, China
Niantao Jiao: Huaqiao University, China

Tourism Economics, 2017, vol. 23, issue 7, 1437-1450

Abstract: The construction of the B&R (the Silk Road Economic Belt and the 21st-Century Maritime Silk Road) is undergoing promotion. In addition, China’s foreign investment is growing. Moreover, investment in the accommodation industry is an important component of investment in the B&R. Therefore, analysis is necessary to understand the security of the investment environment, the division of the investment security zone and the selection of optimal investments. This research applies a safety evaluation index system on investment in the accommodation industry using relevant data on 24 countries along the B&R from 2005 to 2014 as study samples. The results of the empirical analysis show that factor analysis based on multidimensional panel data estimated the safety of the investment of the sample countries. The coefficient of variation of the sample countries across 10 years was very large, meaning that the investment environment of sample countries was complex. The samples were divided into high, medium and low regions by means of panel data clustering analysis. Variance analysis showed significant differences among the three regions. The research used the technique for order preference by similarity to an ideal solution (TOPSIS) method to identify the optimal country in which to invest. The optimal country was Greece and the worst was Macedonia. Finally, this research provides some analysis on conclusions and data selection.

Keywords: accommodation industry; B&R; dimensional panel data; investment environment; investment security (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:23:y:2017:i:7:p:1437-1450

DOI: 10.1177/1354816617698523

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