Can the integration of cultural and tourism development narrow the regional income gap? The role of foreign direct investment

This paper relies on provincial panel data from China between 2010 and 2023 to systematically examine the mechanism linking the integrated development of the cultural tourism industry with the dynamic equilibrium of income disparities between urban and rural residents. It further investigates the moderating effect of foreign direct investment in this process. The econometric analysis results indicate that the integration of the cultural and tourism industries significantly suppresses the income gap between urban and rural residents. Foreign direct investment plays a notable moderating role in the relationship between the integration of cultural tourism and income disparities, exhibiting significant regional heterogeneity. Further spatial heterogeneity tests reveal that the impact of cultural tourism integration on income disparities shows pronounced differences across various regions.

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Publication Details

Journal
International Review of Economics & Finance
Published
2025-06-18
DOI
https://doi.org/10.1016/j.iref.2025.104294
Citations
8
Primary Topic
Diverse Aspects of Tourism Research
Type
article
Field-Weighted Citation Impact
33.61
Controls
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article

Can the integration of cultural and tourism development narrow the regional income gap? The role of foreign direct investment

Tiequan Li, Rui Liu, L. Wang, Xiaobao Peng
8 citations
International Review of Economics & Finance
Diverse Aspects of Tourism Research
33.61
article

Can the integration of cultural and tourism development narrow the regional income gap? The role of foreign direct investment

Tiequan Li, Rui Liu, L. Wang, Xiaobao Peng
article en
8 citations

Abstract

This paper relies on provincial panel data from China between 2010 and 2023 to systematically examine the mechanism linking the integrated development of the cultural tourism industry with the dynamic equilibrium of income disparities between urban and rural residents. It further investigates the moderating effect of foreign direct investment in this process. The econometric analysis results indicate that the integration of the cultural and tourism industries significantly suppresses the income gap between urban and rural residents. Foreign direct investment plays a notable moderating role in the relationship between the integration of cultural tourism and income disparities, exhibiting significant regional heterogeneity. Further spatial heterogeneity tests reveal that the impact of cultural tourism integration on income disparities shows pronounced differences across various regions.

International Review of Economics & FinanceVol. 102
Zhuhai Institute of Advanced Technology (CN), City University of Macau (MO), Northwest Normal University (CN)
Decent work and economic growth
Openalex Percentile: Top 0%
Diverse Aspects of Tourism Research
33.61
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Can the integration of cultural and tourism development narrow the regional income gap? The role of foreign direct investment — Tiequan Li, Rui Liu, et al. · International Review of Economics & Finance (2025) | TGRS Research Map | TGRS