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A STUDY OF THE EFFECTS OF LEISURE TIME ON CHINA'S ECONOMIC GROWTH: A NEOCLASSIC GROWTH MODEL
Journal article   Peer reviewed

A STUDY OF THE EFFECTS OF LEISURE TIME ON CHINA'S ECONOMIC GROWTH: A NEOCLASSIC GROWTH MODEL

Xiang Wei, Hailin Qu and Emily Ma
Tourism analysis, Vol.15(6), pp.663-672
01/12/2010

Abstract

Hospitality, Leisure, Sport & Tourism Social Sciences Social Sciences - Other Topics
The aim of this study is to assess the effects of leisure time on China's long-run economic growth. Two compensation effects of leisure are introduced into the growth model to assess if leisure choice-set affects economic growth in the long term. Time series data covering 23 years (19812003) are used in the study, and a neoclassic growth model is employed to analyze the data. The result shows a weak and negative relationship between leisure time and China's long-term economic growth.

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