With the ancient Silk Road as the historical background, the âBelt and Roadâ initiative aims to foster common development of regional economies. Regional tourism development is an essential part of the initiative. Taking 55 countries participating in the initiative as a research sample, the article investigates the determinants and spillover effect of Chinese outbound tourist flows by spatial panel models. Furthermore, we identify different spillover paths from the perspectives of geographic and cultural proximities. The results confirm that there exist significant positive spillover effects in tourist flows among countries with geographic proximity. Meanwhile, there exist significant positive spillover effects in tourist flows among countries with cultural proximity. In addition, geographic and cultural distances between China and tourist destinations have negative impacts on Chinese outbound tourist flow.
Yale University. Verified email at yale.edu - Homepage. Articles Cited by Co-authors. Title Cited by Year. Available at SSRN 3029520, 2017. 1: 2017: Common Risk Factors in Cryptocurrency. Y Liu, A Tsyvinski, X Wu. National Bureau of.
Keywords China, outbound tourism, Silk Road, spillover effect
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