Lien, Donald; Ghosh, Sucharita; Yamarik, Steven - In: Applied Economics 46 (2014) 17, pp. 1985-1995
This article examines the impact of Confucius Institutes on inbound travel to China. We estimate a panel gravity model of inbound tourism flows to China between 2004 and 2010. We use a Poisson pseudo-maximum likelihood estimator to control for heteroscedasticity endemic in gravity models (Santos...