Quantitative analysis of the bidirectional causal relationship between financial support and tourism economic development based on panel data

Abstract

In order to explore the impact of financial support on the development of tourism economy, select the sample panel data of Nanchang City from 2011 to 2020, construct the measurement model of financial support and tourism economic development, and use the unit root test, cointegration test, causality based on panel data Analyze and test methods and study the relationship between the two. Studies have found that there is a long-term co-integration relationship between financial support and tourism economic development, and financial support has a significant impact on tourism economic development in both the short-term and the long-term. At the same time, from a long-term perspective, There is a two-way causal relationship between financial support and tourism economic development.