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The prolonged RMB appreciation affects Macao deeply and requires a major monetary reform without further delay. What we … propose for Macao reform as an optimal choice includes shifting its monetary anchor to the strong RMB, revaluing its domestic … currency to the original level, and setting up a sovereign wealth fund for autonomous growth. This proposal is based on Macao …
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This study shows that whether a tax is heavy for local casinos in terms of economy-wide efficiency hinges on how much of the tax can be passed on to tourists. The division of the tax burden between casinos and tourists is affected by the relative elasticity of demand versus supply and...
Persistent link: https://www.econbiz.de/10010798275
Although Macao is one of the individual members of the Kyoto Protocol, a holistic picture to draw its energy … in this study for Macao since the handover of sovereignty to China. The results show that the Macao’s energy consumption …-makers should take indirect emissions from energy consumption into consideration to support Macao’s energy, climate and …
Persistent link: https://www.econbiz.de/10010664498
Macao is a tourist city with a dense population and has a shortage of natural resources. Almost all of the city's life …-support systems thus depend on imports of external resources. During the past 20 years, Macao has experienced an economic boom … activity. This paper employs emergy flow analysis to investigate and characterize the evolution and development of Macao from …
Persistent link: https://www.econbiz.de/10010807334
accounting is conducted in this study for embodied energy consumption and CO2 emissions by gaming industry, the backbone of Macao …'s economy. The results reveal that the total embodied energy consumption by Macao's pillar industry increases by about 1.5 times … decreasing. Appreciable energy saving and emissions reduction potential is also discussed against the background of Macao …
Persistent link: https://www.econbiz.de/10010719459
As a typical heterotrophic city, Macao׳s economic boom is fueled by external trade, which provides Macao with not only … prevalent studies on Macao׳s energy issues are confined to direct energy inputs. Based on the most recent trade statistics and … embodied energy intensity databases, a comprehensive assessment of energy embodied in Macao׳s external trade after its …
Persistent link: https://www.econbiz.de/10011049189
, Malaysia and Macao show good in 2008 for SPVS. Japan, Philippines, China, Hong Kong and South Korea have a comparative …
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