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首页> 外文期刊>Economic modelling >Relating rule of law and budgetary allocation for tourism: Does per capita income growth make a difference for Indian states?
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Relating rule of law and budgetary allocation for tourism: Does per capita income growth make a difference for Indian states?

机译：与旅游业的法治和预算分配相关：印度人均收入增长是否有所不同？

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摘要

This paper contributes to the inadequately explored empirical literature on tourism for Indian States. It investigates how the rule of law influences federal budgetary allocation for tourism at the state level. Theoretically speaking, the impact of rule of law on budget allocation for the states can be positive or negative, if the prevailing rule of law affects tourism prospects. The centre can transfer more funds to boost tourism and income if state is affected by local unrest, or offer less support to push state for maintaining order. Employing dynamic panel estimates we show that such allocation for tourism responds negatively when rule of law worsens in a state. However, the estimated marginal impacts of rule of law on budget allocation show that the decline in budget allocation is smaller for richer states. From a policy perspective, these results suggest that rule of law and budgetary provisions for tourism are complementary.
机译：本文为印度国家关于旅游业的经验文献研究不足做出了贡献。它调查了法治如何影响州级旅游业的联邦预算拨款。从理论上讲，如果现行法治影响旅游业前景，法治对各州预算分配的影响可能是正面的，也可能是负面的。如果州受到当地动荡的影响，该中心可以转移更多的资金来增加旅游业和收入，或者减少推动州维持秩序的支持。使用动态面板估计，我们发现当州的法治恶化时，对旅游业的这种分配将产生负面反应。但是，估计法治对预算分配的边际影响表明，富裕国家的预算分配下降幅度较小。从政策角度看，这些结果表明，法治和旅游业预算规定是相辅相成的。

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