Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/13404
Title: | How to improve Singaporean Economy and Tourism after 2008 Global Financial Crisis | Contributor(s): | Meng, Xianming (author) | Publication Date: | 2011 | Open Access: | Yes | Handle Link: | https://hdl.handle.net/1959.11/13404 | Abstract: | The 2008 global financial crisis had strong negative economic effects worldwide, particularly on tourism. Determining appropriate policy responses to mitigate these negative effects is important. Accordingly, this study employs recent Singaporean tourism survey data, updated Singaporean input-output tables, and a Computable General Equilibrium (CGE) model to gauge the short-run negative effects of the 2008 global financial crisis on the Singaporean tourist sector and to simulate the effects of policy responses. The simulation results suggest that a GST deduction policy would be more effective than an industrial subsidy policy. However, if the latter is used by government, then a tourism focused subsidy policy is recommended since it is more effective than the economy-wide industrial subsidy in terms of both tourism and the aggregate economy. | Publication Type: | Conference Publication | Conference Details: | Bridging the Gap between Ideas and Doing Research 2010: 5th Annual Postgraduate Research Conference, Armidale, Australia, 5th - 9th July, 2010 | Source of Publication: | Bridging the Gap between Ideas and Doing Research: Proceedings of the 5th Annual Postgraduate Research Conference, p. 105-118 | Publisher: | University of New England | Place of Publication: | Armidale, Australia | Fields of Research (FoR) 2008: | 140216 Tourism Economics | Socio-Economic Objective (SEO) 2008: | 910199 Macroeconomics not elsewhere classified | Peer Reviewed: | Yes | HERDC Category Description: | E1 Refereed Scholarly Conference Publication |
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Appears in Collections: | Conference Publication |
Files in This Item:
File | Description | Size | Format | |
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open/SOURCE03.pdf | publisher version (open access) | 279.96 kB | Adobe PDF Download Adobe | View/Open |
open/THUMBNAIL.jpg | THUMBNAIL.jpg | 23.39 kB | JPEG | View/Open |
open/JHOVESOURCE03.xml | publisher version (open access) | 605 B | Unknown | View/Open |
open/PREMISSOURCE03.xml | PREMIS Metadata | 920 B | Unknown | View/Open |
open/FULLTEXTSOURCE03.txt | Full Text of Source | 44.71 kB | Text | View/Open |
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