Analysis on the influencing factors of China's tourism economy from the perspective of aging and tourism culture

Abstract

The empirical analysis of this paper focuses on two issues, one is the impact of China's aging process on China's domestic tourism economy, and to what extent; the other is how to define and measure the impact of tourism culture on tourism economy. This research takes the domestic tourism revenue as the dependent variable and takes the elderly dependency ratio as the indepedent variable. In the modelling process, "external conditions"and "internal desires"are introduced as control variables and regarded as the software and hardware parts of tourism culture respectively. The time dummy variable is used to catch outliers and structural abrupt changes. Furthermore, quantile regression is carried out for the selected models. Based on ADL model and quantile regression, this paper analyzed the influence of aging and tourism culture on the development of China's tourism economy and its changing trend.