Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)

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Study on the Structural Stability of Macau Tourism Consumption Based on Chow-Test Dummy Model

Authors
Dazhi Yue1, *
1Business School, Xiamen Institute of Technology. Research Direction: Quantitative Economics, Xiamen, China
*Corresponding author. Email: yuedz@sina.com
Corresponding Author
Dazhi Yue
Available Online 14 February 2024.
DOI
10.2991/978-94-6463-368-9_27How to use a DOI?
Keywords
Chow-Test; Macau tourism; Consumption structure; stability
Abstract

Macao, with its unique advantages, presents a diversified and heterogeneous tourism development model. It has become a new fashion and hot spot for Chinese mainland tourists to enter Macao. In this paper, we use the relevant data of the annual hotel and catering business and the total retail sales of consumer goods in the website of Macao Statistics and Census Bureau, and use the Chow-Test Dummy model to study whether the tourism consumption structure of Macao is stable after the introduction of the “eight Provisions” policy. The results show that the impact of the policy on Macau tourism consumption has a weak temporal heterogeneity, as follows: After the policy was introduced, the hotel revenue increased by an average of 417 million patacas per year, an increase of 4.4%, without significant structural changes; The average annual growth rate of catering industry turnover from 417 million Patacas before the policy to 571 million Patacas after the policy has not shown a significant structural change; The total retail sales of social consumer goods declined after the policy was introduced, with an average annual decline of 16.2%, but it did not pass the test, indicating that there was no significant change in the consumption structure.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
14 February 2024
ISBN
10.2991/978-94-6463-368-9_27
ISSN
2352-5428
DOI
10.2991/978-94-6463-368-9_27How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dazhi Yue
PY  - 2024
DA  - 2024/02/14
TI  - Study on the Structural Stability of Macau Tourism Consumption Based on Chow-Test Dummy Model
BT  - Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)
PB  - Atlantis Press
SP  - 225
EP  - 233
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-368-9_27
DO  - 10.2991/978-94-6463-368-9_27
ID  - Yue2024
ER  -