A general equilibrium approach to tourism and welfare: The case of Macao

被引:57
|
作者
Sheng, Li [1 ]
Tsui, Yanming [2 ]
机构
[1] Inst Tourism Studies, Colina De Mong Ha, Macao, Peoples R China
[2] Macao Polytech Inst, Macau, Peoples R China
关键词
General equilibrium model; Small tourism economy; Externalities; Macao;
D O I
10.1016/j.habitatint.2009.01.002
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
Macao has been witnessing spectacular economic growth in recent years. The ongoing boom is mainly driven by rapid tourism growth reflected in massive tourist arrivals and foreign capital inflow. Although Macao is praised as an 'economic wonder', serious externalities have emerged, raising concerns about the sustainability of the city's long-term development. Using a modified simple general equilibrium model, this paper shows how economic, social, environmental and political externalities accompanying rapid tourism growth may possibly reduce the net welfare Of host Communities. The paper concludes that comprehensive tourism policies leading to a sustainable development should be developed in a broader social framework. (C) 2009 Elsevier Ltd. All rights reserved.
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页码:419 / 424
页数:6
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