Casino tourism, economic inequality, and housing bubbles

Gu, Xinhua; Li, Guoqiang; Chang, Xiaoming; Guo, Haizhen

doi:10.1016/j.tourman.2017.04.006

Cited by 37 publications

(20 citation statements)

References 27 publications

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“…Interestingly, Blake et al (2008) found that tourism has a positive effect on income in all groups, but with more benefit for higher-income households in Brazil. Gu et al (2017) indicated that a higher growth in tourism related to gaming\casino caused a higher income inequality in Macao. Ma et al (2019) indicated that ecotourism helped in reducing poverty, but it raised income inequality in the Qinling Mountains (China) over the period 2015-2017.…”

Section: Literature Reviewmentioning

confidence: 99%

The Influence of Tourism on Income Inequality

Nguyen

Schınckus

et al. 2020

Journal of Travel Research

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This article examines the influence of tourism on income inequality on a global sample. Our analysis uses various econometric techniques for panel data including 97 countries over the period 2002–2014 categorized into three subsamples: 30 low- and lower-middle-income economies (LMEs), 25 upper-middle-income economies (UMEs), and 42 high-income economies (HIEs). Our empirical findings are interesting. First, both domestic and international tourism reduce income inequality whereas a better institutional quality increases the income inequality. Our findings also clearly indicate that international tourism contributes to the reduction of income inequalities while the national tourism requires an institutional adjustment in the LMEs and the UMEs to do so. This observation highlights the important roles of tax and transfer policies in fighting against income inequality.

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Section: Literature Reviewmentioning

confidence: 99%

The Influence of Tourism on Income Inequality

Nguyen

Schınckus

et al. 2020

Journal of Travel Research

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“…Meanwhile, Blake et al (2008) indicate positive effects of tourism on income in all groups in Brazil (with a relatively high-income level), but the higher-income groups benefit more than the lowest income groups, which results in income inequality. Furthermore, Gu et al (2017) find that faster gaming growth in tourism causes higher income inequality in Macao. Ma et al (2019) show that ecotourism helps alleviate poverty, but gave rise to income inequality in the Qinling Mountains (China) in the period 2015–2017.…”

Section: Literature Reviewmentioning

confidence: 96%

Domestic tourism spending and economic vulnerability

Nguyen

Thanh

2020

Annals of Tourism Research

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This study examines the influence of domestic tourism on economic vulnerability index (EVI). Domestic tourism spending has a significant effect in reducing EVI. These results are consistent with two sub-indices of EVI (shock index and exposure index). Interestingly, it is found that: (i) this impact is consistent in low- and lower-middle-income countries, while domestic tourism has a non-significantly effect in upper-middle and high-income countries of increasing EVI; (ii) these results are consistent in the long-run; and (iii) the impact of domestic tourism is consistent in both the 2002–2007 and 2008–2012 periods, but is statistically non-significant in the 2013–2017 period. Notably, we find that domestic tourism spending has a U-shape effect on EVI; while international tourism has an increasing effect.

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“…The effect of tourism on the property market is understudied (Gu et al, 2017). Relevant studies have mostly been from the fields of tourism economics and real estate economics.…”

Section: Literature Review: Tourism and Property Pricesmentioning

confidence: 99%

Locale-Varying Relationships Between Tourism Development and Retail Property Prices in a Shopping Destination

Yang

Chau

Lü

et al. 2020

International Journal of Strategic Property Management

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Existing literature has inadequately examined the nexus between tourism and property prices. Additionally, it mainly focuses on hotels and housing, thereby overlooking other property categories (e.g., retail properties). The relationship between tourism development and retail property prices in shopping destinations (e.g., Hong Kong and Singapore) may hinge on the locale. More specifically, the relationship may be different in the tourist precinct or popular tourism shopping area (PTSA) and the unpopular tourism shopping area (UTSA). This study examines locale-varying relationships between tourism development (measured by tourist volume and tourism expenditure) and retail property prices from 2002Q1 to 2014Q4 in Hong Kong using standard and error-correction-model-based (ECM-based) Granger causality tests. Results of standard Granger causality tests indicate that tourism development Granger causes the increase in retail property prices in the PTSA but not in the UTSA. Moreover, results of ECM-based Granger causality tests further verify the robustness and plausibility of the tourism-led growth (in retail property prices) hypothesis in the PTSA. In other words, we find that tourism development measures can be used to better predict changes in retail property prices in the PTSA than simply referring to the price history.

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Casino tourism, economic inequality, and housing bubbles

Cited by 37 publications

References 27 publications

The Influence of Tourism on Income Inequality

The Influence of Tourism on Income Inequality

Domestic tourism spending and economic vulnerability

Locale-Varying Relationships Between Tourism Development and Retail Property Prices in a Shopping Destination

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