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A CGE assessment of Singapore's tourism policies

Author

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  • Meng, Xianming
  • Siriwardana, Mahinda
  • Pham, Tien

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.

Suggested Citation

  • Meng, Xianming & Siriwardana, Mahinda & Pham, Tien, 2013. "A CGE assessment of Singapore's tourism policies," Tourism Management, Elsevier, vol. 34(C), pages 25-36.
    • Handle: RePEc:eee:touman:v:34:y:2013:i:c:p:25-36
    DOI: 10.1016/j.tourman.2012.03.006
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    References listed on IDEAS

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    Cited by:

    1. Oscar Claveria, 2017. "“What really matters is the economic performance: Positioning tourist destinations by means of perceptual maps," IREA Working Papers 201713, University of Barcelona, Research Institute of Applied Economics, revised Jun 2017.
    2. Tien Duc Pham & Son Nghiem & Larry Dwyer, 2018. "The economic impacts of a changing visa fee for Chinese tourists to Australia," Tourism Economics, , vol. 24(1), pages 109-126, February.
    3. Andersson, Tommy D. & Lundberg, Erik, 2013. "Commensurability and sustainability: Triple impact assessments of a tourism event," Tourism Management, Elsevier, vol. 37(C), pages 99-109.
    4. Sam Meng & Tien Pham, 2017. "The impact of the Australian carbon tax on the tourism industry," Tourism Economics, , vol. 23(3), pages 506-522, May.
    5. Renuka Mahadevan & Hidayat Amir & Anda Nugroho, 2017. "Regional impacts of tourism-led growth on poverty and income inequality," Tourism Economics, , vol. 23(3), pages 614-631, May.
    6. Zhang, Jiekuan & Zhang, Yan, 2018. "Carbon tax, tourism CO2 emissions and economic welfare," Annals of Tourism Research, Elsevier, vol. 69(C), pages 18-30.
    7. Tang, Xiaoyun, 2017. "The historical evolution of China's tourism development policies (1949–2013) – A quantitative research approach," Tourism Management, Elsevier, vol. 58(C), pages 259-269.
    8. Jin, Yu & Xi, Haonan & Wang, Xuhui & Ren, Xin & Yuan, Libin, 2022. "Evaluation of the Integration Policy in China: Does the Integration of Culture and Tourism Promote Tourism Development?," Annals of Tourism Research, Elsevier, vol. 97(C).

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