Business

Role of foreign direct Investment and political openness in boosting the eco-tourism sector for achieving sustainability

Y. Shang, Q. Yang, et al.

This insightful study by Yunfeng Shang, Qin Yang, and Yuanjie Pu explores the relationship between China's political openness index, foreign direct investment, and ecotourism, revealing significant impacts from both FDI and political openness. Discover how these factors contribute to the sustainable tourism index and the key policies needed to foster ecotourism growth in China.

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Playback language: English

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Abstract

This study investigated the impact of China's political openness index and foreign direct investment on its ecotourism index from 1985 to 2019. Findings show a 1% increase in foreign direct investment (FDI) leads to a long-term 0.01% increase in China's sustainable tourism index. The political openness index significantly boosted ecotourism, with a 1% increase resulting in a 0.32% and 0.53% short-term and long-term increase, respectively. Financial openness also had a positive impact. Key policies to advance ecotourism include ensuring political stability, enhancing green financial markets, and implementing poverty alleviation measures.

Publisher

Humanities and Social Sciences Communications

Published On

Jan 06, 2024

Authors

Yunfeng Shang, Qin Yang, Yuanjie Pu

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