Pandemic, tourism, and the economy: a tourism-revenue target zone approach

Meng-Yi Tai, Shih Wen Hu and Chi-Chur Chao

Asia-Pacific Journal of Accounting & Economics, 2023, vol. 30, issue 6, 1659-1674

Abstract: The COVID-19 pandemic has negatively affected the tourist markets of many countries. This study develops a small, open macro model of tourism to analyze the price and revenue effects of establishing tourism target zones on tourism revenue in response to industry disturbances resulting from the pandemic. Such target zones improve tourism revenue and stabilize the economy by stabilizing tourism goods prices and exchange rates when domestic or foreign demand is strong and regardless of whether national borders are open. A tourism goods price subsidy can be employed to revitalize the tourism industry and improve tourism revenue after the pandemic.

Date: 2023
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DOI: 10.1080/16081625.2023.2186902

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Asia-Pacific Journal of Accounting & Economics is currently edited by Yin-Wong Cheung, Hong Hwang, Jeong-Bon Kim, Shu-Hsing Li and Suresh Radhakrishnan

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