TY - JOUR
T1 - Which Public Attraction Gets (and Gets More) Government Funding? The Effects of Internal and External Factors
AU - Liu, Junya
AU - Zou, Suiwen (Sharon)
AU - Chen, Jamie M.
PY - 2023/5
Y1 - 2023/5
N2 - Public attractions’ financial viability heavily depends upon sufficient government funding. However, research on government allocations has historically been rare. Drawn on the public administration and finance literature, this study addresses this gap by using a panel dataset of 262 public attractions in China from 2015 to 2018. Double-hurdle models, Heckman two-stage approach, multiple-hurdle approach, and quantile regressions are employed to examine the relationship between government funding, attraction characteristics, and local economic conditions. The findings suggest that attraction characteristics are associated with the amount of government appropriations, but they are less impactful on the attractions’ likelihood of receiving funding. The effects of attraction characteristics on government funding are asymmetric—as attractions’ government funding level increases, attraction type and quality exert stronger impacts while other characteristics influence less. The local economic condition is a significant factor in the amount of government funding. Theoretical and practical implications are discussed.
AB - Public attractions’ financial viability heavily depends upon sufficient government funding. However, research on government allocations has historically been rare. Drawn on the public administration and finance literature, this study addresses this gap by using a panel dataset of 262 public attractions in China from 2015 to 2018. Double-hurdle models, Heckman two-stage approach, multiple-hurdle approach, and quantile regressions are employed to examine the relationship between government funding, attraction characteristics, and local economic conditions. The findings suggest that attraction characteristics are associated with the amount of government appropriations, but they are less impactful on the attractions’ likelihood of receiving funding. The effects of attraction characteristics on government funding are asymmetric—as attractions’ government funding level increases, attraction type and quality exert stronger impacts while other characteristics influence less. The local economic condition is a significant factor in the amount of government funding. Theoretical and practical implications are discussed.
KW - resource dependency theory
KW - local economic condition
KW - attraction characteristics
KW - attraction finance
KW - benefits theory
UR - http://www.scopus.com/inward/record.url?scp=85135189929&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85135189929&partnerID=8YFLogxK
U2 - 10.1177/00472875221113885
DO - 10.1177/00472875221113885
M3 - Article
SN - 0047-2875
VL - 62
SP - 1105
EP - 1120
JO - Journal of Travel Research
JF - Journal of Travel Research
IS - 5
ER -