Inclusive financial reform, degree of openness to the outside world, and regional international tourism development: Evidence from a quasi-natural experiment

Citation

Fan, Di and Ab Razak, Nazrul Hisyam and Soh, Wei Ni (2025) Inclusive financial reform, degree of openness to the outside world, and regional international tourism development: Evidence from a quasi-natural experiment. Finance Research Letters, 84. art. no. 107833. ISSN 1544-6123; eISSN: 1544-6131

Abstract

This study selects data from Chinese prefecture-level cities between 2007 and 2023 as the research sample. Based on the quasi-natural experiment of inclusive finance reform experimental zones, it deeply explores the relationship between inclusive finance reform, the degree of openness, and the development of international tourism. The findings reveal a significant positive correlation between inclusive finance reform and the level of international tourism development. Additionally, the impact of inclusive finance reform varies between high-income and low-income regions. The degree of openness also plays a significant moderating role in the relationship between inclusive finance reform and international tourism development.

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Additional Metadata

Item Type:	Article
Divisions:	School of Business and Economics
DOI Number:	https://doi.org/10.1016/j.frl.2025.107833
Publisher:	Elsevier
Keywords:	Degree of openness to the outside world; Inclusive finance reform; Regional international tourism development
Depositing User:	MS. HADIZAH NORDIN
Date Deposited:	17 Apr 2026 08:09
Last Modified:	17 Apr 2026 08:09
Altmetrics:	http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1016/j.frl.2025.107833
URI:	http://psasir.upm.edu.my/id/eprint/120441
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