Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 赵志鉅教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1111/j.1468-0106.2009.00441.x |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/4WOS source URL
其它资讯
摘要The present paper uses a dynamic open-economy model with wage indexation to examine the impact of tourism on employment and welfare. Both short-run and long-run situations are analysed. It is well known that tourism converts non-traded goods into tradable goods. An increase in the demand for a non-traded good raises its relative price, which results in an expansion of the non-traded sector at the expense of the traded goods sector. This output shift raises labour employment in the short run. However, in the long run, the higher relative price leads to higher wages, resulting in a negative impact on labour employment. If the output effect is dominant, the expansion in tourism raises employment and welfare. However, under realistic conditions tourism may lower both labour employment and welfare due to rising costs. These results are demonstrated by simulating a dynamic model for the case of Hong Kong.
着者Chao CC, Hazari BR, Laffargue JP, Yu ESH
期刊名称Pacific Economic Review
出版年份2009
月份5
日期1
卷号1http://aims.cuhk.edu.hk/converis/portal/Publication/4
期次2
出版社Wiley: 2http://aims.cuhk.edu.hk/converis/portal/Publication/4 months
页次232 - 2http://aims.cuhk.edu.hk/converis/portal/Publication/45
国际标準期刊号1361-37http://aims.cuhk.edu.hk/converis/portal/Publication/4X
电子国际标準期刊号1http://aims.cuhk.edu.hk/converis/portal/Publication/468-0106
语言英式英语
关键词E2http://aims.cuhk.edu.hk/converis/portal/Publication/4; F11; O10
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
