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Macau Periodical Index (澳門期刊論文索引)
- Author
- Sheng, Li
- Title
- Macroeconomic analysis of the tourism industry in samll economics and its implication for Macao
- Journal Name
- 澳門理工學報
- Pub. Info
- Sep. 2006, 總第23期, Vol.9, No.3, pp. 20-33
- Keyword
- Economic impact；Tourism dependence；Leakage；Multiplier；Distribution effect
- Abstract
- Abstract : The success of a country's tourism industry is often measured by tourist arrivals and gross tourism income. However, many hidden costs to tourism arise, which can have unfavorable economic and social effects on the destination country. Based on relevant economic statistics across various tourism-driven small economies, and under the macroeconomic framework, this paper outlines the possible economic impacts and distribution effects od the tourism sector on destination countries, the negative aspects of which are often ignored. It aims to inspire policy makers to focus more on the real instead of pure accounting profitability of the tourism industry, and to provide some modest proposals which may help to formulate a more comprehensive and economically efficient set of tourism strategies. Paragraph Headings: 1. Introduction 2. Economic impacts of tourism 2.1. Job-creating effects 2.2. Multiplier effect 2.3. Foreign exchange effect 2.4. Other advantages 2.5. Tourism dependence 2.6. Inflationary effect 2.7. Other negative impacts 3. Distribution effect of small tourism destination 3.1. Leakage 3.2. Tourism as export strategy 4. Implecations for Macao Tables: 1. GDP development in small tourism economies 2. Tourism labor intensity 3. Tourism employment in the Caribbean 4. Contribution of tourism to exports 5. The trend of over-reliance on tourism in small tourism economies 6. Macao as a fast growing tourism economy 7. Increasing dependence on the gaming industry 8. Housing units transacted in Macao 9. Macao's foreign trade statistics (Mil.MOP) Figures: 1. Income sharing of the international tourism industry