TY - JOUR
T1 - A mechanistic study on the spatial and temporal evolution of the coordination between aviation industry and tourism intensity in Macao under the PAVR model
AU - Zhong, Jiehua
AU - Siu, Ka Meng
AU - Kan, Ho Yin
AU - Pang, Patrick Cheong Iao
N1 - Publisher Copyright:
© 2024 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
PY - 2024
Y1 - 2024
N2 - Since the reunification of Macao, both the tourism and aviation industries have experienced rapid growth, developing a mutually beneficial relationship that drives the city’s economic progress. The aviation industry, characterized by its safety, speed, comfort, and cost-effectiveness, has become the preferred mode of transportation for most tourists, thus serving as a crucial pillar for the tourism sector’s expansion. This study aims to explore the dynamic relationship between Macao’s aviation industry and tourism intensity using a Panel Vector Autoregressive (PVAR) model. The PVAR model, an extension of the traditional Vector Autoregressive (VAR) model, incorporates both spatial and temporal dimensions, allowing for a more comprehensive analysis of cross-sectional data over time. The results reveal a significant, positive feedback loop between the two sectors, where advancements in aviation infrastructure enhance tourist accessibility and, in turn, stimulate further growth in the aviation industry. This study offers valuable insights into the synchronized evolution of these industries in Macao and underscores the importance of strategic planning to sustain their harmonious development. The originality of this research lies in its application of the PVAR model to examine the interplay between tourism and aviation in a unique, rapidly developing urban context, providing a scientific basis for future policy decisions.
AB - Since the reunification of Macao, both the tourism and aviation industries have experienced rapid growth, developing a mutually beneficial relationship that drives the city’s economic progress. The aviation industry, characterized by its safety, speed, comfort, and cost-effectiveness, has become the preferred mode of transportation for most tourists, thus serving as a crucial pillar for the tourism sector’s expansion. This study aims to explore the dynamic relationship between Macao’s aviation industry and tourism intensity using a Panel Vector Autoregressive (PVAR) model. The PVAR model, an extension of the traditional Vector Autoregressive (VAR) model, incorporates both spatial and temporal dimensions, allowing for a more comprehensive analysis of cross-sectional data over time. The results reveal a significant, positive feedback loop between the two sectors, where advancements in aviation infrastructure enhance tourist accessibility and, in turn, stimulate further growth in the aviation industry. This study offers valuable insights into the synchronized evolution of these industries in Macao and underscores the importance of strategic planning to sustain their harmonious development. The originality of this research lies in its application of the PVAR model to examine the interplay between tourism and aviation in a unique, rapidly developing urban context, providing a scientific basis for future policy decisions.
KW - Macao
KW - PAVR model
KW - aviation industry and tourism
KW - harmonious temporal evolution
UR - http://www.scopus.com/inward/record.url?scp=85204732290&partnerID=8YFLogxK
U2 - 10.1080/21650020.2024.2405185
DO - 10.1080/21650020.2024.2405185
M3 - Article
AN - SCOPUS:85204732290
SN - 2165-0020
VL - 12
JO - Urban, Planning and Transport Research
JF - Urban, Planning and Transport Research
IS - 1
M1 - 2405185
ER -