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 5

Regression results of cross-terms between 5 A scenic spots and “one belt, one road” nodes.

	Domestic tourism revenue		Inbound tourism revenue		Domestic tourist arrival
BR-DID	84442.192		184.18		16664.37
	2.08	0.037	0.55	0.585	0.46	0.642
5A scenic spot	−8824.56		−541.95		−17015.72
	−0.98	0.326	−7.26	0	−2.14	0.032
Cross-terms	−43706.98		−463.166		−23249.48
	−6.9	0	−8.81	0	−4.15	0
Whether to control time effects	Yes		Yes		Yes
Whether to control individual fixed effects	Yes		Yes		Yes
R^2_within	0.415		0.165		0.278
	Inbound tourist arrival		Domestic and inbound tourism revenue		Domestic and inbound tourist arrival
BR-DID	389.259		84626.37		17053.63
	0.75	0.452	2.08	0.038	0.47	0.636
5 A scenic spot	−890.161		−9366.51		−17905.89
	−6.23	0	−1.04	0.299	−2.24	0.025
Cross-terms	−263.736		−44170.15		−23513.22
	−2.62	0.009	−6.95	0	−4.18	0
Whether to control time effects	Yes		Yes		Yes
Whether to control individual fixed effects	Yes		Yes		Yes
R^2_within	0.22		0.414		0.279