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Tourism and Unemployment in Hong Kong - Is There Any Interaction?

Author

Listed:
  • Meng Qin
  • Chi Wei Su

    (Qingdao University, China)

Abstract

This paper investigates the time-varying interaction between tourist arrivals (TA) and unemployment rate (UE) in Hong Kong. We find that TA negatively influence UE, implying that lack of tourism hurts employment prospects. We also document a positive influence on TA from UE, indicating that unemployment stimulates related authorities to promote tourism.

Suggested Citation

  • Meng Qin & Chi Wei Su, 2021. "Tourism and Unemployment in Hong Kong - Is There Any Interaction?," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 1(1), pages 1-5.
    • Handle: RePEc:ayb:jrnael:10
    DOI: 2021/06/27
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    References listed on IDEAS

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    4. Andrews, Donald W K, 1993. "Tests for Parameter Instability and Structural Change with Unknown Change Point," Econometrica, Econometric Society, vol. 61(4), pages 821-856, July.
    5. Su, Chi-Wei & Qin, Meng & Tao, Ran & Shao, Xue-Feng & Albu, Lucian Liviu & Umar, Muhammad, 2020. "Can Bitcoin hedge the risks of geopolitical events?," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
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    Cited by:

    1. Zhang, Yichi & Wang, Qiao & Tian, Tian & Yang, Yuan, 2022. "Volatility in natural resources, economic performance, and public administration quality: Evidence from COVID-19," Resources Policy, Elsevier, vol. 76(C).

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    More about this item

    Keywords

    rolling-window; unemployment rate; tourist arrivals; interaction;
    All these keywords.

    JEL classification:

    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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