Management Review

Management Review ›› 2025, Vol. 37 ›› Issue (1): 40-51.

• Economic and Financial Management • Previous Articles    

Does the Tourism Law Promote the Development of the Tourist Industry: Based on an Empirical Evaluation of DID

Zhang Ke1, Huang Xijia1, Wang Hongjian2,3, Chen Song3   

  1. 1. School of Tourism, Nanchang University, Nanchang 330031;
    2. Key Laboratory of Data Science in Finance and Economics, Jiangxi University of Finance and Economics, Nanchang 330013;
    3. School of Finance, Jiangxi University of Finance and Economics, Nanchang 330013
  • Received:2022-01-05 Published:2025-01-18

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Abstract: This paper uses the relative difference between the last revision of the Tourism Management Regulations of 31 provinces before 2013 and the Tourism Law to construct a Difference-in-Differences methodology to evaluate the impact of the improvement of the tourism legal system on the economic development of the tourist industry. The study finds that the implementation of the Tourism Law has improved the tourist industry by improving the tourist industry supporting facilities and tourist public service facilities, and at the same time promoted the establishment of an educational mechanism in the tourist industry, thereby promoting the economic development of the domestic tourist industry. The better local law enforcement environment and the higher informal institutional level the Tourism Law is exposed to, the better able it is to promote the development of tourist industry.

Key words: Tourism Law, tourist industry development, Difference-in-Differences, text cosine similarity