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Effect of urban tourist satisfaction on urban macroeconomics in China: A spatial panel econometric analysis with a spatial Durbin model

机译：城市游客满意度对中国城市宏观经济的影响：基于空间杜宾模型的空间面板计量经济学分析

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摘要

Tourist satisfaction has always been a crucial research issue in the tourism economy. This paper utilizes the Spatial Durbin Model (SDM) to analyze the impact of urban tourism satisfaction on urban macroeconomics from a macro perspective, using quarterly data on tourist satisfaction in 35 large and medium-sized cities along with major urban macroeconomic variables. This study is quite distinct from previous research that focused on constructing a tourist satisfaction index and analyzing the influence factors of tourism satisfaction from the perspective of the micro-level internal composition of tourism. The empirical results show: Firstly, in respect of the impact of urban tourists' satisfaction on the GDP income of cities, the SDM and the SDM with a lagged first-order dependent variable (SDM_dlag) show that the short-term and long-term indirect effects of log-tourist satisfaction are significantly positive, indicating that city satisfaction has a significant positive spatial spillover effect on GDP growth in other cities; Secondly, in respect of the influence of urban tourist satisfaction on the cost of urban life in the SDM, the long-term direct and indirect effects of logarithmic satisfaction are significantly positive, implying, in the long run, that tourist satisfaction has a positive intraregional spillover effect and spatial spillover effect on urban living costs; Finally, the SDM_dlag for the regression of urban tourist satisfaction on the cost of urban daily life shows that the short-run direct and indirect effects of city tourist satisfaction are significantly negative, indicating that tourist satisfaction has intra-regional and spatial spillover effects, and its rise will reduce the cost of living expenses in local and other cities in the short term. Overall, we have further elucidated the role of different levels of urban tourist satisfaction in city macroeconomics from the spatial dimension, thereby enriching the existing research on tourist satisfaction to some certain extent.
机译：游客满意度一直是旅游经济中至关重要的研究问题。本文利用空间杜宾模型（SDM），从35个大中城市旅游满意度季度数据以及主要的城市宏观经济变量出发，从宏观角度分析了城市旅游满意度对城市宏观经济的影响。这项研究与以往的研究大相径庭，以前的研究侧重于建立旅游者满意度指数并从旅游者的微观内部构成角度分析旅游者满意度的影响因素。实证结果表明：首先，关于城市游客满意度对城市GDP收入的影响，SDM和具有滞后一阶因变量（SDM_dlag）的SDM表明，短期和长期对数游客满意度的间接影响显着为正，表明城市满意度对其他城市的GDP增长具有显着的正空间溢出效应；其次，就SDM中城市游客满意度对城市生活成本的影响而言，对数满意度的长期直接和间接影响是显着正的，从长远来看，这意味着游客满意度在区域内具有正的影响。溢出效应和空间溢出效应对城市生活成本的影响；最后，SDM_dlag用于城市游客满意度对城市日常生活成本的回归分析表明，城市游客满意度的短期直接和间接影响显着为负，表明游客满意度具有区域内和空间溢出效应，并且它的上升将在短期内降低本地和其他城市的生活费用成本。总体而言，我们从空间维度进一步阐明了不同水平的城市游客满意度在城市宏观经济中的作用，从而在一定程度上丰富了现有的游客满意度研究。

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