An Empirical Study on Relation between Domestic Tourism Consumption and Economic Growth in China

This paper verify the correlativity between domestic tourism consumption and economic growth by a VAR econometric model,find that there is a long-term equilibrium relationship between domestic tourism consumption and economic growth,through cointegration test,granger causality test,impulse responses,and variance decomposition,but in short term,the role of domestic tourism consumption enforcing economic growth is less than it of economic growth enforcing domestic tourism consumption,furthermore,in long term,the role of domestic tourism consumption enforcing economic growth is greater than it of economic growth enforcing domestic tourism consumption.Finally,this paper gives a series of suggestion on the inter-reaction between domestic tourism consumption and economic growth.