文化旅游专项债券、财政收支比、文化旅游产业结构升级

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-16 DOI:10.1016/j.frl.2025.107596

Zheng Qu , Jun Huang

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引用次数: 0

摘要

本研究利用2011 - 2023年中国省级行政区面板数据集，构建计量经济学分析框架，系统考察文化旅游专项债券、政府收支比与区域文化旅游产业结构升级之间的作用机制。研究发现，文旅专项债券融资对产业结构升级具有明显的正向驱动作用，而收支比对产业结构升级具有显著的制约作用。特殊债券与产业升级之间存在显著的负向调节作用，且具有明显的区域异质性。

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Cultural and tourism special bonds, fiscal revenue and expenditure ratio, and structural upgrading of the cultural and tourism industry

This study utilizes a panel dataset of China's provincial administrative regions from 2011 to 2023 to construct an econometric analysis framework, systematically examining the mechanisms among cultural and tourism special bonds, the government revenue-expenditure ratio, and the upgrading of regional cultural and tourism industry structures. The findings reveal that special bond financing for cultural and tourism has a clear positive driving effect on the industry structure upgrade, while the revenue-expenditure ratio significantly constrains this process. Additionally, it exhibits a pronounced negative moderating effect on the relationship between special bonds and industry upgrading, showing evident regional heterogeneity.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance