Year: 2025
Type: article
Abstract: This research note uses the input-output analysis method to evaluate the economic impact of tourism subsidies issued by Guangdong Province, China. The results show that the travel agency industry received the most subsidies in both rounds of subsidies, followed by public facilities management, culture and art, accommodation, and retail industry. The direct, lateral, industry spreading, and multiplier effect coefficients of the first round of tourism subsidies are 5.136, 1.491, 12.610, and 19.237, respectively. The direct, lateral, industry spreading, and multiplier effect coefficients of the second round of tourism subsidies are 5.365, 1.592, 13.220, and 20.177, respectively. We clarify the effectiveness and pathways through which tourism subsidies stimulate the economy and suggest that future policies should focus more on the accommodation industry.
Source: Tourism Economics
Authors: Fucheng Liang, Yi Liu
Institution: Jinan University
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4408089025