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Casino tourism, economic inequality, and housing bubbles
Gu,Xinhua; Li,Guoqiang; Chang,Xiao; Guo,Haizhen
2017-10-01
Source PublicationTourism Management
ISSN0261-5177
Volume62Pages:253-263
Abstract

Potential linkages among tourism, inequality, and housing are addressed for an integrated analysis in this paper, with Macao treated as a typical case. Casino tourism, albeit performing as a major key to local economic growth, is ultimately vulnerable to external shocks to gambling demand, as evidenced by the current sharp downturn in Macao. We find that faster gaming growth leads to higher income inequality while at the same time both factors are responsible for soaring housing bubbles, which constitute the very source of social tensions as in Macao. Casino tourism if not well managed may not be a panacea for all development goals. The implication for policy derived from this study is that Macao must deal with underlying issues rather than apply palliative measures. Its market failures may necessitate government interventions to ensure social equity and sustainable tourism.

KeywordCasino Tourism Economic Inequality Housing Bubbles Macao Unbalanced Growth
DOIhttps://doi.org/10.1016/j.tourman.2017.04.006
URLView the original
Indexed BySSCI
Language英语
WOS Research AreaEnvironmental Sciences & Ecology ; Social Sciences - Other Topics ; Business & Economics
WOS SubjectEnvironmental Studies ; Hospitality, Leisure, Sport & Tourism ; Management
WOS IDWOS:000403984600024
PublisherELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND
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Cited Times [WOS]:6   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorLi,Guoqiang
AffiliationFaculty of Business Administration, University of Macau, Avenida da Universidade, Taipa, Macao, China
First Author AffilicationFaculty of Business Administration
Corresponding Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Gu,Xinhua,Li,Guoqiang,Chang,Xiao,et al. Casino tourism, economic inequality, and housing bubbles[J]. Tourism Management,2017,62:253-263.
APA Gu,Xinhua,Li,Guoqiang,Chang,Xiao,&Guo,Haizhen.(2017).Casino tourism, economic inequality, and housing bubbles.Tourism Management,62,253-263.
MLA Gu,Xinhua,et al."Casino tourism, economic inequality, and housing bubbles".Tourism Management 62(2017):253-263.
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