Globalization, Country Risks, and Trade in Tourism Services: Evidence from China
作者： Wenwen Zhang , Yi-Bin Chiu
DOI: 10.3390/SU12145869
关键词:
摘要: This study applies the autoregressive distributed lag (ARDL) model to examine impacts of globalization and country risks on China’s tourism service trade over period 1984–2015. The results reveal that in long run, has a significant negative impact exports balances, while positive imports. In short imports, balances. Country stability could roughly mitigate these both run. Moreover, speed adjustment from run equilibrium path is relatively fast. These are important for policy makers when formulating strategy development trade.
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