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Li Sheng, Tao Li, Jie Gao (2019/2, Miscellanea,
Effects of Foreign Capital on Tourism: Evidence from Macao and Hong Kong
Although most economists defend the positive role of foreign investors in tourism development, a number of tourism geography studies present divergent views on the local impact of foreign investment on host communities. To trace the issue to its root, a simple analytical framework has been developed to show that the effects of free capital mobility highly depend on the geographical size and (...)
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