A CGE assessment of Singapore’s tourism policies

Meng, Xianming, Siriwardana, Mahinda and Pham, Tien (2013) A CGE assessment of Singapore’s tourism policies. Tourism Management, 34 : 25-36.


Author Meng, Xianming
Siriwardana, Mahinda
Pham, Tien
Title A CGE assessment of Singapore’s tourism policies
Journal name Tourism Management  (ERA 2012 Listed)    (ERA 2010 Rank A*)   Check publisher's open access policy
Publication date 2013-02
Sub-type Article
DOI 10.1016/j.tourman.2012.03.006
Volume number 34
ISSN 0261-5177; 1879-3193
Start page 25
End page 36
Total pages 12
Place of publication Oxford, United Kingdom
Publisher Pergamon
Collection year 2013
Language eng
Formatted abstract The extraordinary performance of the Singapore tourism industry is attributed, among other factors, to the active tourism policies of the Singapore government, but the effectiveness of Singapore tourism policies has never been quantified. By building a CGE model for the Singapore economy with an emphasis on tourism and utilising the recently published Singapore input-output tables and tourism survey data, this study has gauged economic impact of Singapore inbound tourism and the effectiveness of Singapore tourism policies based on the simulated macroeconomic and sectoral effects. The modelling results show that, in terms of both real GDP and total tourism expenditure, tourism GST deduction is the most effective policy followed by the tourism activity subsidy policy. The tourism industry subsidy policy is proven to be the least effective. Since different tourism policies have different strengths and weaknesses, a balanced and focused approach to tourism policy is suggested for policy makers
Keyword CGE modelling
Singapore economy
Tourism policy
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article
Collections: HERDC Pre-Audit
School of Tourism Publications
 
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Created: Fri, 23 Nov 2012, 12:03:36 EST by Jane Malady on behalf of School of Tourism