Impacts of Regional Cooperation Agreements on International Tourism : Evidence from a Quasi-Natural Experiment
Using the Belt and Road Initiative (BRI) as a quasi-natural experiment, this paper studies the impact of regional cooperation agreements (RCAs) on international tourism based on the Propensity Score Matching and Difference-in-Differences regression approach (PSM-DID). This paper also quantifies the mediating effects of five different channels on the impacts of RCAs on international tourism. The results show that the BRI can significantly promote the development of international tourism in member countries, especially in developing countries and those along the Maritime Silk Road. Specifically, the BRI mainly affects inbound tourist flows through facilities connectivity, unimpeded trade, and people-to-people bonds. The empirical evidence presented here provides a decision-making reference for boosting the development of international tourism by promoting regional cooperation
Year of publication: |
[2022]
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Authors: | Chen, Yingtong ; Zhang, Dayong ; Ji, Qiang |
Publisher: |
[S.l.] : SSRN |
Saved in:
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