Determinants of International Tourists Inflows: The case of China
|Author:||Mgr. Yu Zang|
|Year:||2014 - summer|
|Leaders:|| prof. Ing. Oldřich Dědek CSc.
|Work type:|| Masters
|Awards and prizes:|
|Abstract:||This study is aim to evaluate the effect of five factors on the amount of tourists arrivals to
China in those countries who have most visitors. To apply empirical estimation, a
balanced panel data based gravity equation is established, with 22 countries and 15 years
period (1998 – 2002). Our main estimates conclude that GDP per capita has a positive
impact on the amount of tourists, as well as population, whereas exchange rate and
distance will deter the amounts of tourists. Unfortunately PPP conversion factor also has
a positive impact but not as expected. The findings of this study will fill the gap of relative
literatures for China and provide another evidence of gravity model.