A Study on the Relationship between Tourism Industry and Regional Economic Growth—A Case Study of Jiangsu Gaochun District

Abstract

According to the tourism income and GDP data of Gaochun district from year 2001 to 2011, by using ADF unit root test, it can draw to a conclusion that the series of the economic growth (GDP) and the tourism revenue (TOUR) of Gaochun district shows first-order difference stationary. This paper confirms that there is a long-term integration rela- tionship between the economic growth of Gaochun and tourism revenue and study the dynamic coherence between eco- nomic growth and tourism revenue by using error correction model and dynamic conditional correlation. As is shown by the Granger causality test, “GDP of Gaochun is the Granger reason for tourism revenue” while “tourism revenue is not the Granger reason for GDP”.