Analysis of Regional Differences in Financial Support for the Development of China’s Tourism Industry: A Test Based on Panel Data from the Eastern, Central, and Western Regions

Conggang Lv, Shufang Xia and Xuting Zhang

Chapter 16 in Internet Finance and Digital Economy:Advances in Digital Economy and Data Analysis Technology, 2023, pp 215-223 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In recent years, our country’s tourism industry has emerged, and it is leading becoming increasingly dominant in the modern economy, further promoting the development of related industries. With the financial support for the development of the tourism industry, we can learn that a basic test based on the panel data of the eastern, central, and western regions will show the efficiency of investment in tourism in the east and central regions of China has declined due to the rapid economic development. It is said that it has played a vital role; in the western region, it is not so rapidly developed and is supported by indirect financing by bank loans, but it is more or less important for the development of tourism. The tourism industry in the eastern and central regions of China has completely realized the transformation from external growth to internal development. The western region will tend to be more externally oriented. The regional differences are mainly analyzed from the selection of variables, using a general engineering approach to achieve the current status of financial integration. The data sources are mainly from cross-sectional unit models. The tourism industry needs panel data as support for the analysis using the variables of bank loans. As a tourism industry that is open to the outside world, more and more tourists will enjoy new tourism models, such as ecotourism, rural tourism, cultural tourism, etc., bringing financial and economic support to these new tourism models and making them further successful. In this paper, there is a certain gap in the development of China’s tourism industry in terms of financial support for the development of the tourism industry. Given the vigorous development of the tourism industry, this paper uses a modeling algorithm to analyze whether the results are consistent with regional differences to facilitate a better discussion. A brief overview of the current state of research and the theoretical model of financial support will be presented below.

Keywords: Internet Economy; Online Finance; Financial Engineering; Big Data; Blockchain; Supply Chain; E-commerce (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2023
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