Tax deduction or financial subsidy during crisis

Bibliographic Data

ID13136407
AuthorsJean Jinghan Chen (0009-0009-9607-9342, University of Macau), Richard T R Qiu (0000-0001-5443-8209, University of Macau), Xiaoying Jiao (0000-0003-0915-1609, Hong Kong Polytechnic University), Haiyan Song (0000-0001-6158-1222, Hong Kong Polytechnic University), Yuanjie Li (0000-0001-5931-3894, Hebei University of Technology, corresponding author)
Year2023
Volume4
Issue2
Pages100106-100106
Publication date2023-08-29
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAnnals of Tourism Research Empirical Insights (JOURNAL)
Journal identifiersISSN: 2666-9579 • E-ISSN: 2666-9579
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.annale.2023.100106
OpenAlexW4386241279
LanguageEN
Citations received2
References cited37

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

Business · Coronavirus disease 2019 (COVID-19 · Economics · Financial crisis · Geography · Government (linguistics · Macroeconomics · Market economy · Subsidy · Tourism · Diverse Aspects of Tourism Research · Fiscal Policy and Economic Growth · Urban Transport and Accessibility · Finance

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