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Casino tourism, economic inequality, and housing bubbles
Xinhua Gu; Guoqiang Li; Xiao Chang; Haizhen Guo
Conference NameThe 92nd Annual Conference of Western Economic Association International
Source PublicationTourism Management
Conference DateJune 25th-29th, 2017
Conference PlaceSan Diego, California

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 Unbalanced Growth Economic Inequality Housing Bubbles Macao
Indexed BySSCI
WOS Research AreaEnvironmental Sciences & Ecology ; Social Sciences-other Topics ; Business & Economics
WOS SubjectEnvironmental Studies ; Hospitality, Leisure, Sport & Tourism ; Management
WOS IDWOS:000403984600024
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Cited Times [WOS]:6   [WOS Record]     [Related Records in WOS]
Document TypeConference paper
AffiliationFaculty of Business Administration, University of Macau
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Xinhua Gu,Guoqiang Li,Xiao Chang,et al. Casino tourism, economic inequality, and housing bubbles[C],2017.
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