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Inclusive finance and regional tourism economy: The role of total factor productivity

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  • Shan, Wei
  • Cheng, Qian
  • Yu, Xudong
  • Ma, Zhiqiang

Abstract

Tourism economy is a key component of a region's GDP. Taking advantage of a panel data of 267 prefectures in China between 2010 and 2022, this research investigates the impact of inclusive finance on regional tourism economic development. We find that inclusive finance initiatives can significantly improve the tourism industry. In addition, we find total factor productivity substantially strengthens the positive relationship between inclusive finance and regional tourism economy. This study contributes to the burgeoning research on the consequences of inclusive finance and regional development.

Suggested Citation

  • Shan, Wei & Cheng, Qian & Yu, Xudong & Ma, Zhiqiang, 2024. "Inclusive finance and regional tourism economy: The role of total factor productivity," Finance Research Letters, Elsevier, vol. 67(PA).
    • Handle: RePEc:eee:finlet:v:67:y:2024:i:pa:s1544612324008092
    DOI: 10.1016/j.frl.2024.105779
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    References listed on IDEAS

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