Work

Is information asymmetry alleviation always beneficial for tourism: The institutional paradox from social credit construction

Year: 2025

Type: article

Abstract: Controversies persist regarding the economic evidence on whether information asymmetry alleviation at the macro-institutional level impacts tourism. This note constructs a theoretical derivation from the dual perspectives of tourism economic scale and industrial status and ingeniously leverage China’s Social Credit Construction (SCC) as a quasi-natural experiment for empirical investigation. Findings reveal that SCC-driven alleviation of information asymmetry inhibits short-term tourism revenue and narrows the proportion of tourism in the national economy. This note highlights dynamic evaluation of information asymmetry’s macro-tourism impacts and advances dialogue between institutional economics and tourism economics.

Source: Tourism Economics

DOI: 10.1177/13548166251377591

Authors: Yun Tong, Siyu Liu, Yanqing Xu, Hao Li

Institutions: Hainan University, City University of Macau

Language: English

Topic: Diverse Aspects of Tourism Research

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

Open Access status: bronze

Funder: Natural Science Foundation of Hainan Province

Award: G4718919170