PL EN


Journal
2019 | 2 | 243-254
Article title

Effects of Foreign Capital on Tourism: Evidence from Macao and Hong Kong

Authors
Title variants
EN
Effects of Foreign Capital on Tourism: Evidence from Macao and Hong Kong
RU
Влияние иностранного капитала на туризм – на примере Макао и Гонконга
Languages of publication
EN
Abstracts
PL
Chociaż większość ekonomistów broni tezy o pozytywnym wpływie inwestycji zagranicznych na rozwój turystyki, wiele prac z zakresu geografii turystyki przedstawia różne poglądy na temat wpływu inwestycji zagranicznych na gospodarkę krajów docelowych. Za pomocą prostego modelu analitycznego autorzy pokazują, że efekty międzynarodowej mobilności kapitału zależą w dużym stopniu od rozmiarów i struktury gospodarki w krajach docelowych. W przypadku małego kraju nastawionego na turystykę liberalna doktryna ekonomiczna stara się nakłonić politykę gospodarczą w kierunku dużej otwartości gospodarki na przepływ czynników produkcji – w stopniu większym niż optymalny. Dlatego polityka rządu powinna opierać się na dokładnej ocenie wpływu tych inwestycji i wpływów z turystyki na gospodarkę kraju. Analiza empiryczna wspierająca te wnioski oparta jest na danych dotyczących dwóch punktów docelowych turystyki międzynarodowej: Makao i Hongkongu.
EN
Although most economists defend the positive role of foreign investors in tourism development, a number of tourism geography studies present divergent views on the local impact of foreign investment on host communities. To trace the issue to its root, a simple analytical framework has been developed to show that the effects of free capital mobility highly depend on the geographical size and degree of economic diversity of a tourism destination. In the case of a small tourism economy, liberal economic doctrines tend to shape host communities’ policy-making towards a higher degree of openness to foreign factors of production than is optimal. Therefore, policymakers should develop foreign investment policies based on a careful assessment of tourism’s impacts and bear in mind the need for sustainable development. Data and facts from Macao and Hong Kong lend support to our theoretical predications.
RU
Большинство экономистов защищает тезис о положительном влиянии иностранных инвестиций на развитие туризма, но ряд работ в области географии туризма представляет разные взгляды на тему их влияния на экономику посещаемых стран. С помощью простой аналитической модели авторы показывают, что эффекты международной мобильности капитала зависят в большой степени от размеров и структуры экономики в посещаемых странах. В случае малой страны, ориентированной на туризм, либеральная экономическая доктрина старается подтолкнуть экономическую политику в направлении большей открытости на приток факторов производства – в большей, чем оптимальной, степени. Поэтому политика правительства должна опираться на четкой оценке влияния этих инвестиций и поступлений от туризма на экономику страны. Эмпирический анализ, поддерживающий эти выводы опирается на данные, касающиеся двух пунктов международного туризма: Макао и Гонконга.
Publisher

Journal
Year
Issue
2
Pages
243-254
Physical description
Contributors
References
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Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-f5c24036-89b3-4e24-a558-4f0f5e3acf39
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