Effects of Foreign Capital on Tourism: Evidence from Macao and Hong Kong

• Autorzy: Li Sheng , Li Tao , Jie Gao

Warianty tytułu

Wpływ kapitału zagranicznego na turystykę - na przykładzie Macao i Hongkongu

• Języki publikacji: EN

Abstrakty

EN

Although most economists defend the positive role of foreign investors in tourism development, a number of tourism geography studies present divergent views on the local impact of foreign investment on host communities. To trace the issue to its root, a simple analytical framework has been developed to show that the effects of free capital mobility highly depend on the geographical size and degree of economic diversity of a tourism destination. In the case of a small tourism economy, liberal economic doctrines tend to shape host communities' policy-making towards a higher degree of openness to foreign factors of production than is optimal. Therefore, policymakers should develop foreign investment policies based on a careful assessment of tourism's impacts and bear in mind the need for sustainable development. Data and facts from Macao and Hong Kong lend support to our theoretical predications. (original abstract)

Chociaż większość ekonomistów broni tezy o pozytywnym wpływie inwestycji zagranicznych na rozwój turystyki, wiele prac z zakresu geografii turystyki przedstawia różne poglądy na temat wpływu inwestycji zagranicznych na gospodarkę krajów docelowych. Za pomocą prostego modelu analitycznego autorzy pokazują, że efekty międzynarodowej mobilności kapitału zależą w dużym stopniu od rozmiarów i struktury gospodarki w krajach docelowych. W przypadku małego kraju nastawionego na turystykę liberalna doktryna ekonomiczna stara się nakłonić politykę gospodarczą w kierunku dużej otwartości gospodarki na przepływ czynników produkcji - w stopniu większym niż optymalny. Dlatego polityka rządu powinna opierać się na dokładnej ocenie wpływu tych inwestycji i wpływów z turystyki na gospodarkę kraju. Analiza empiryczna wspierająca te wnioski oparta jest na danych dotyczących dwóch punktów docelowych turystyki międzynarodowej: Makao i Hongkongu. (abstrakt oryginalny)

Słowa kluczowe

EN

Foreign investment; Tourism; Capital transfer

PL

Inwestycje zagraniczne; Turystyka; Transfer kapitału

• Czasopismo: Ekonomista
• Rocznik: 2019
• Numer: nr 2
• Strony: 243--254

Twórcy

autor

Li Sheng

• University of Macau

autor

Li Tao

• University of Macau

autor

Jie Gao

• Chinese University of Hong Kong

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