An Empirical Study on the Regional Alliances in Yangtze River Delta

• 1、southeast university

Abstract：This empirical analysis establishes a long-term and stable co-integrating relationship by means of co-integration regression model between the development of tourism (including international tourism and domestic tourism) and economic growth in Yangzhou. Through the co integration model, elastic ties of economy growth and inbound tourism to the domestic tourism are 0.12 and 1.53. Granger test also confirms that there is a bidirectional cause-effect relationship between economic growth and domestic tourism, as well as a unidirectional relationship between economic growth and international tourism. This paper based on the development of the Yangtze River Delta, using the consumer price index data around the years 2000-2007 as a basis，calculating the relative price variance, which can indirect describe the process of regional alliances. First main conclusions of this paper is the integration of the market in Yangtze River Delta showed an upward trend, the second conclusion is that the regional alliances in favor of the Yangtze River Delta economic optimization.

Keywords： Regional alliances price time-series data