RESEARCH ON THE IMAGE AND INDUSTRIAL DEVELOPMENT OF TOURISM DESTINATIONS IN CHINA FROM THE PERSPECTIVE OF THE CULTURAL ECONOMY

Abstract

Recent years have seen industrial development emerge as a crucial factor in improving global economic conditions, necessitating the attention of recent studies and seasoned policymakers. Therefore, this article investigates the impact of China's cultural economy, foreign direct investment (FDI), GNI growth, energy import, and population growth on the country's industrial development. The study collected secondary data from 1991 to 2021 from secondary sources such as World Development Indicators (WDI). The dynamic autoregressive distributed lag (ARDL) model examined the relationship between the variables. The results indicated that the cultural economy, FDI, GNI growth, energy import, and population growth positively correlate with China's industrial development. Focusing on the cultural economy, the results provide policymakers with guidelines for fotrmulating industrial development-related policies.