Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/337768 
Year of Publication: 
2023
Citation: 
[Journal:] Annals of Tourism Research Empirical Insights [ISSN:] 2666-9579 [Volume:] 4 [Issue:] 2 [Article No.:] 100106 [Year:] 2023 [Pages:] 1-11
Publisher: 
Elsevier, Amsterdam
Abstract: 
Economic analysis of the tourism industry is a critical tool for local industries and governments to estimate, understand, and forecast the tourism potential and economic performance of a destination, especially amidst a crisis such as the COVID-19 pandemic. In this study, we take Macao as a case study, perform an analysis using an input-output framework. By constructing a tourism satellite account and a dynamic stochastic general equilibrium model, we estimate the contribution of the tourism industry to the economy of Macao and assess the ramifications of several government policies to mitigate the impact of COVID-19. Our findings provide the Macao government and local industrial stakeholders with critical information for pandemic mitigation and recovery strategies.
Subjects: 
Macao tourism industry
Input-output framework
Tourism satellite account
Dynamic stochastic general equilibrium model
Pandemic mitigation policy
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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