EMPIRICAL STUDY ON THE RELATIONSHIP BETWEEN INBOUND TOURISM AND FOREIGN TRADE——BASED ON THE MONTHLY DATA OF CHINA FROM 2001 TO 2008
将中国贸易产品分为初级和工业产品,入境游客分为商务和度假游客,利用2001-2008年月度数据,通过单位根、协整和格兰杰因果检验分析两者关系,发现工业出口与入境旅游存在双向因果关系。
In this paper,in accordance with the SITC,the trade products of China are divided into primary products and industrial products,and accordance with the purpose the tourist arrivals are divided into business travelers and holiday travelers.Using the monthly adjustment data of 2001—2008,analyze the relationship between China's international travel of different purposes and international trade of different categories.First,ADF test are used to examine wether the variables have unit root or not,and co-integration are used to judge wether the variables have long-term relationship.Then,granger test are used to further analysis causality between the variables.We conclude that the export of primary products increased steadily over time;it is no long-term relationship between foreign trade imports and business travel;it is bidirectional causal relationship between the industrial exports,foreign trade exports and inbound tourism;and it is simple causal relationship between other variou types of inbound tourism and foreign trade categories.In the end of the paper,we have proposals for the government according to the results.