| ID | 099779 |
| Title Proper | The impact of casinos on employment across sectors in Macau |
| Language | ENG |
| Author | Chang, Hsiao-Chuan |
| Publication | 2010. |
| Summary / Abstract (Note) | This paper investigates a contemporary issue of Macau concerning the impact of casinos on other sectors' employment. The long-run and short-run effects are investigated using data-oriented econometric models. In the long-run, the casino boom leads to an employment expansion in other sectors. However, the effect is insignificant in the short-run. Simulations from a theoretical model disclose the pure crowding-out effect of the increased casino employment on other sectors with other things the same as the situation of 2003. During the period 2004-2008, the crowding-out effect is more serious on the non-casino service sector than on the industrial sector. Results from both types of models shed light on policy options |
| `In' analytical Note | Journal of Chinese Economics and Business Studies Vol.8, No.4; Nov 2010: p 427-444 |
| Journal Source | Journal of Chinese Economics and Business Studies Vol.8, No.4; Nov 2010: p 427-444 |
| Key Words | Casino Industry ; Unit Root ; Cointegration ; Error Correction Model ; Intertemporal General Equilibrium Model |