Policy Effect Assessment of the Construction of All‑for‑One Tourism Demonstration Zones in China--Based on Propensity Matching-Difference-in-Differences Model

Abstract

The construction of all-for-one tourism demonstration zones is an important initiative for the development of China’s tourism industry in recent years. However, there are few studies on the policy effect assessment of construction of all-for-one tourism demonstration zones. Taking county-level administrative regions in China as the research subjects, this paper constructs a panel model covering the period from 2010 to 2019 and uses propensity matching and difference-in-differences (PSM-DID) model to assess the impact of the construction of all-for-one tourism demonstration zones on the development of county-level tourism economy and their regional differences. The results show that: (1) The construction of all-for-one tourism demonstration zones essentially promotes the development of domestic tourism, while its influence on inbound tourism is relatively insignificant. (2) The construction of all-for-one tourism demonstration zones promotes the development of regional tourism economy in central and western regions, whereas such promotion is not obvious in northeastern and eastern China. This study provides a theoretical and empirical basis for improving the construction quality of all-for-one tourism demonstration zones.