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A Vector Autoregressive Model-Based Numerical Measurement Approach for Coordinating Relation Between Tourism Development and Financial Support

  • Changyan Cai,
  • Beatrice Lim Fui Yee,
  • Kasim Mansur

摘要

Tourism industry, as one of the important driving forces for economic growth, can greatly promote regional economic development and accelerate the positive externalities of resource flow among regions. Finance is a vital component of modern economies, playing a critical role in allocating resources and driving economic development. Firstly, the study will conduct data analysis on the current situation of tourism development and financial support in liangshan prefecture. Secondly, an explanation of the vector autoregressive model will be provided; then, the vector autoregression model will be used to evaluate the coordinating relation between tourism development and financial support.