Tax deduction or financial subsidy during crisis?

Autor: Jean J. Chen, Richard T.R. Qiu, Xiaoying Jiao, Haiyan Song, Yuanjie Li
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Annals of Tourism Research Empirical Insights, Vol 4, Iss 2, Pp 100106- (2023)
Druh dokumentu: article
ISSN: 2666-9579
DOI: 10.1016/j.annale.2023.100106
Popis: 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.
Databáze: Directory of Open Access Journals