Correlation between Outbound Tourism and Foreign Direct Investment from China: Based on Lagging Regression Model

摘要

With the expansion of China's outbound tourism, China's outward foreign direct investment (OFDI) in tourism industry has been paid more attention. This paper selected the data of China's outbound tourism and tourism OFDI from 2004 to 2016, and adopted the lagging regression model to demonstrate the quantitative correlation between them. The results showed that: (1) the OFDI of tourism industry would be positively affected by its previous stage; (2)the change rate of outbound tourism and tourism industry OFDI was negatively correlated.