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Casino tourism, social cost and tax effects
Xinhua Gu; Guoqiang Li; Pui Sun Tam
2013-08
Source PublicationINTERNATIONAL GAMBLING STUDIES
ISSN1445-9795
Volume13Issue:2Pages:221-239
Abstract

Local economic growth can be spurred by casino tourism, yet this may take place at the expense of the external regions where tourists live. We show that Pigouvian taxes should be imposed on gambling activity to attenuate its external cost. The tax may boost social welfare in the local and external communities even though casinos and tourists incur certain private losses due to their tax burdens. The tax can also mitigate gaming-biased unbalanced growth via resource reallocation, and improve the terms of trade for local welfare enhancement through tourism as an exporting industry. If taxes are collected from tourists but not fully refunded, local tax policy then plays the dual roles for both social cost reduction and public revenue generation. Our empirical study suggests the importance of casino taxation for preventing the ‘exported’ social cost from coming back to hurt the local economy, for too much such exportation may trigger visa policy restrictions by tourists' home communities.

KeywordCasino Tourism Social Cost Gambling Taxation
DOIhttps://doi.org/10.1080/14459795.2012.760641
Indexed BySSCI ; SSCI
Language英语
WOS Research AreaSubstance Abuse
WOS SubjectSubstance Abuse
WOS IDWOS:000343217400006
PublisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND
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Cited Times [WOS]:12   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionFaculty of Business Administration
DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorGuoqiang Li
AffiliationFaculty of Business Administration, University of Macau, Taipa, Macau
First Author AffilicationFaculty of Business Administration
Corresponding Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Xinhua Gu,Guoqiang Li,Pui Sun Tam. Casino tourism, social cost and tax effects[J]. INTERNATIONAL GAMBLING STUDIES,2013,13(2):221-239.
APA Xinhua Gu,Guoqiang Li,&Pui Sun Tam.(2013).Casino tourism, social cost and tax effects.INTERNATIONAL GAMBLING STUDIES,13(2),221-239.
MLA Xinhua Gu,et al."Casino tourism, social cost and tax effects".INTERNATIONAL GAMBLING STUDIES 13.2(2013):221-239.
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