Long‐run Effect of the Global Financial Crisis on Singapore's Tourism and the Economy |
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| Authors: | Xianming Meng Anthony Chin Bligh Grant |
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| Institution: | 1. UNE Business School, University of New England, Armidale, NSW, Australia;2. Department of Economics, National University of Singapore (NUS), Singapore;3. Australian Centre of Excellence for Local Government, University of Technology, NSW, Australia |
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| Abstract: | This study employs recent Singaporean tourism survey data, the updated Singaporean input–output tables and a computable general equilibrium model to gauge the long‐run effects of the 2008 global financial crisis and selected policy responses. The simulation results suggest that the global financial crisis has had mild negative long‐run effects on the overall development of Singapore's economy, and that the GST deduction policy ought to offset this negative effect. |
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| Keywords: | computable general equilibrium modeling financial crisis policy response Singaporean economy D58 E37 E62 |
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