Long-run Effect of the Global Financial Crisis on Singapore's Tourism and the Economy

Xianming Meng, Anthony Chin and Bligh Grant ()

Asian Economic Journal, 2015, vol. 29, issue 1, 41-60

Abstract: type="main">

This study employs recent Singaporean tourism survey data, the updated Singaporean input–output tables and a computable general equilibrium model to gauge the long-run effects of the 2008 global financial crisis and selected policy responses. The simulation results suggest that the global financial crisis has had mild negative long-run effects on the overall development of Singapore's economy, and that the GST deduction policy ought to offset this negative effect.

Date: 2015
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