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Article: Evaluating the Economic Impact of Casino Liberalization in Macao

TitleEvaluating the Economic Impact of Casino Liberalization in Macao
Authors
KeywordsCasino gambling
Macao economy and society
Objective indicators
Subjective indicators
Issue Date2012
PublisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1050-5350
Citation
Journal Of Gambling Studies, 2012, v. 28 n. 3, p. 541-559 How to Cite?
AbstractThis paper aims to evaluate the economic impact after Macao decided to liberalize its gaming industry. By analysing both objective data of official statistics and subjective data of the perceptions of quality of life, we painted a picture of mixed blessings. Although objective indicators showed strong economic growth in terms of a rise in per capita GDP and public revenue as well as a decline in unemployment rate, subjective indicators revealed that local residents were less than optimistic about their own employment outlook and did not perceive any improvement in their overall economic situation. While casino liberalization brought forth tremendous economic gain, the general population did not subjectively feel the benefits. An integrative analysis of both objective and subjective indicators would therefore allow us to look closer how residents' lives in the micro-level could have been adversely affected by the prosperous economic outlook at the macro-level. © 2011 Springer Science+Business Media, LLC.
Persistent Identifierhttp://hdl.handle.net/10722/134740
ISSN
2023 Impact Factor: 2.4
2023 SCImago Journal Rankings: 0.939
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorZheng, Ven_HK
dc.contributor.authorHung, EPWen_HK
dc.date.accessioned2011-07-14T03:40:09Z-
dc.date.available2011-07-14T03:40:09Z-
dc.date.issued2012en_HK
dc.identifier.citationJournal Of Gambling Studies, 2012, v. 28 n. 3, p. 541-559en_HK
dc.identifier.issn1050-5350en_HK
dc.identifier.urihttp://hdl.handle.net/10722/134740-
dc.description.abstractThis paper aims to evaluate the economic impact after Macao decided to liberalize its gaming industry. By analysing both objective data of official statistics and subjective data of the perceptions of quality of life, we painted a picture of mixed blessings. Although objective indicators showed strong economic growth in terms of a rise in per capita GDP and public revenue as well as a decline in unemployment rate, subjective indicators revealed that local residents were less than optimistic about their own employment outlook and did not perceive any improvement in their overall economic situation. While casino liberalization brought forth tremendous economic gain, the general population did not subjectively feel the benefits. An integrative analysis of both objective and subjective indicators would therefore allow us to look closer how residents' lives in the micro-level could have been adversely affected by the prosperous economic outlook at the macro-level. © 2011 Springer Science+Business Media, LLC.en_HK
dc.languageeng-
dc.publisherSpringer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1050-5350en_HK
dc.relation.ispartofJournal of Gambling Studiesen_HK
dc.rightsThe original publication is available at www.springerlink.com-
dc.subjectCasino gamblingen_HK
dc.subjectMacao economy and societyen_HK
dc.subjectObjective indicatorsen_HK
dc.subjectSubjective indicatorsen_HK
dc.titleEvaluating the Economic Impact of Casino Liberalization in Macaoen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1050-5350&volume=&spage=&epage=&date=2011&atitle=Evaluating+the+Economic+Impact+of+Casino+Liberalization+in+Macao-
dc.identifier.emailZheng, V: vzheng@hkucc.hku.hken_HK
dc.identifier.authorityZheng, V=rp00885en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1007/s10899-011-9251-3en_HK
dc.identifier.pmid21567164-
dc.identifier.scopuseid_2-s2.0-84866138824en_HK
dc.identifier.hkuros186168-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-84866138824&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume28en_HK
dc.identifier.issue3en_HK
dc.identifier.spage541en_HK
dc.identifier.epage559en_HK
dc.identifier.isiWOS:000308536800014-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridZheng, V=37108962000en_HK
dc.identifier.scopusauthoridHung, EPW=36903754300en_HK
dc.identifier.citeulike9315780-
dc.identifier.issnl1050-5350-

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