The impact of casinos on employment across sectors in Macau

Hsiao-Chuan Chang

Journal of Chinese Economic and Business Studies, 2010, vol. 8, issue 4, 427-444

Abstract: This paper investigates a contemporary issue of Macau concerning the impact of casinos on other sectors' employment. The long-run and short-run effects are investigated using data-oriented econometric models. In the long-run, the casino boom leads to an employment expansion in other sectors. However, the effect is insignificant in the short-run. Simulations from a theoretical model disclose the pure crowding-out effect of the increased casino employment on other sectors with other things the same as the situation of 2003. During the period 2004-2008, the crowding-out effect is more serious on the non-casino service sector than on the industrial sector. Results from both types of models shed light on policy options.

Keywords: casino industry; unit root; cointegration; error correction model; intertemporal general equilibrium model (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1080/14765284.2010.513178

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