TITLE:
Empirical Study on the Impact of Domestic Economic Cycle on Sichuan’s Tourism
AUTHORS:
Junrong Liu, Qin Yan
KEYWORDS:
Economic Cycle; Sichuan Tourism; Impact
JOURNAL NAME:
Journal of Service Science and Management,
Vol.5 No.3,
September
19,
2012
ABSTRACT: This article empirically enquires, from the perspective of demand, the impact of economic cyclical fluctuation on Sichuan tourism. The findings show that Sichuan tourism demand proves elastic to CPI, Sichuan’s GNI capita and interest rate, and that CPI and interest rate fluctuations are negatively correlated with Sichuan domestic tourism demand, while, with which Sichuan’s GNI capita is positively associated. The study also finds that per capita national income and the local consumer price index enjoy strong predictive power for Sichuan tourism.