Economic growth and development in Macau (1999–2016): The role of the booming gaming industry

Economic growth and development in Macau (1999–2016): The role of the booming gaming industry
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DOI:
10.1016/j.cities.2018.01.003
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发表时间:
2018-05
期刊:
影响因子:
6.7
通讯作者:
Mingjie Sheng;Chaolin Gu
Mingjie Sheng;Chaolin Gu
中科院分区:
经济学1区
文献类型:
--
作者:
Mingjie Sheng;Chaolin Gu

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2018年,澳门将迎来回归20周年。在过去的几年里,我们见证了辉煌的经济成就,以及向游戏产业主导经济的结构性转变。经过多年的快速增长,有必要评估游戏行业发展的收益和成本。据此,本文分析了1999年至2016年澳门博彩业的演变,并评估了该行业对当地经济增长和城市发展的影响。正如这篇论文所显示的那样,澳门已经表现出许多典型的与小型经济体蓬勃发展的行业相关的症状,并目睹了西方赌场城市普遍经历的类似影响。然而,澳门也面临着一些独特的挑战,涉及其地理位置,规模限制和政治因素。这些发现说明了伴随澳门经济成就而来的困难,但也提醒人们注意澳门下一阶段发展的机遇。
In 2018, Macau will celebrate the 20th anniversary of its return to China. The past few years have witnessed brilliant economic achievements as well as a structural shift toward a gaming-industry dominated economy. Following so many years of rapid growth, it is essential to take stock of both the benefits and costs of gaming industry development. Accordingly, this paper analyzes the evolution of Macau's gaming industry between 1999 and 2016, and evaluates the industry's effects on local economic growth and urban development. As the paper shows, Macau has exhibited many of the symptoms typically associated with booming sectors in small economies, and has witnessed the similar effects widely experienced by western casino cities. However, Macau is also faced with some unique challenges, regarding its geographic location, size constraints, and political factors. These findings illustrate the difficulties that have accompanied Macau's economic achievements, but also call attention to opportunities in the next phase of Macau's development.