Analysis of the Factors Affecting the Development of Hainan Duty-Free Economy

Jiaying Lin ()
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Jiaying Lin: Chongqing University of Technology, School of Economics and Finance

A chapter in Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), 2023, pp 166-172 from Springer

Abstract: Abstract Under the background in the outbreak, duty free market outside, so Hainan islands duty-free shops has become an important place. This paper explores the factors that affect the development of Hainan’s duty-free economy. It is found that Hainan’s duty-free economy is mainly affected by four factors: tourism, luxury consumption demand, overseas COVID-19 situation and national policies. At the same time, in view of the shortcomings in the development of Hainan’s duty-free economy, this paper puts forward three suggestions: reasonable layout and further improvement of duty-free shops and surrounding supporting facilities, extension of shopping hours and increase delivery points, and strengthening multi-channel publicity.

Keywords: Duty-free; Economy; Hainan Free Trade Port (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-054-1_19

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DOI: 10.2991/978-94-6463-054-1_19

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