The Impact of the “Belt and Road” Initiative on Tourism Economic Development in Chinese Regions along the Route—An Empirical Analysis Based on DID Model

Table 4

Impact of the Belt and Road on tourism along the policy route after the inclusion of territorial control.

	Domestic tourism revenue		Inbound tourism revenue		Domestic tourist arrival
BR-DID	85202.1		38.22		21592.54
	1.8	0.072	0.1	0.923	0.51	0.73
ER	10045.77		54.77		5351.84
	0.31	0.757	0.2	0.839	0.19	0.91
Cross term of ER	−1925.76		48.31		−17214.37
	−0.05	0.962	0.14	0.886	−0.48	−0.75
CR	19515.36		−156.64		−7430.056	118.099
	0.69	0.487	−0.67	0.503	−0.3	0.26
Cross term of CR	13034.25		318.78		−7071.35	−168.577
	0.32	0.751	0.93	0.352	−0.19	−0.26
Whether to control time effects	Yes		Yes		Yes
Whether to control individual fixed effects	Yes		Yes		Yes
R^2_within	0.412		0.168		0.28	0.224
	Inbound tourist arrival		Domestic and inbound tourism revenue		Domestic and inbound tourist arrival
BR-DID	551.97		85240.317		22144.51
	0.73	0.464	1.79	0.073	0.53	0.599
ER	470.189		10100.55		5822.02
	0.91	0.363	0.31	0.756	0.2	0.84
Cross term of ER	−483.880		−1877.444		−17698.25
	−0.75	0.455	−0.05	0.963	−0.49	0.625
CR	118.099		19358.72		−7311.96
	0.26	0.792	0.69	0.492	−0.29	0.77
Cross term of CR	−168.577		13353.03		−7329.92
	−0.26	0.797	0.32	0.746	−0.2	0.843
Whether to control time effects	Yes		Yes		Yes
Whether to control individual fixed effects	Yes		Yes		Yes
R^2_within	0.224		0.419		0.281