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Flows of Tourists, Commodities and Investment: The Case of China

  • Jianhong Zhang
  • Haico Ebbers
  • Chaohong Zhou
Chapter

Abstract

Globalization’s impact on the world economy has made it one of the most popular points of discussion in the past two decades. It not only causes drastic changes in trade relations, capital flows and tourist flows across the world but also creates a web of connections between national economies. No country can escape from this influence, and no country intends to exclude itself from the process of globalization. Even countries that once maintained an inward orientated strategy are making commitments to connect their economies with the world network by liberalizing the movement of good, services, labor and capital across borders. This trend greatly changes these countries’ pace of development. This study aims to use macro data to reveal the relationships between three cross-border flows: people, goods and capital.

Keywords

Foreign Direct Investment Cointegration Test International Tourism Vector Error Correction Model International Travel 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Europe China InstituteNyenrode Business UniversiteitBreukelenThe Netherlands
  2. 2.University of UtrechtMaarssenThe Netherlands

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