The Effects of Tourism on Economic Growth in Hong Kong

被引：49
|
作者：
Jin, Jang C. [1 ]
机构：
[1] Chinese Univ Hong Kong, Fac Business Adm, Dept Decis Sci & Managerial Econ, Hong Kong, Hong Kong, Peoples R China
来源：
CORNELL HOSPITALITY QUARTERLY | 2011年 / 52卷 / 03期
关键词：
Hong Kong tourism; economic growth;
D O I：
10.1177/1938965510394169
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
An analysis of a five-variable vector autoregressive (VAR) model demonstrates the positive short-run effect of tourism on Hong Kong's economic growth. The five variables are real output, real capital, labor, openness, and tourism. Among other findings, the analysis supports the commonly held notion that tourism promotes economic growth. However, the analysis could not confirm a long-term effect of tourism on economic growth. The analysis also shows that Hong Kong's economy is capital-driven, while labor is not a significant economic driver.
引用
收藏
页码：333 / 340
页数：8
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