Original scientific paper
https://doi.org/10.1080/1331677X.2022.2142820
COVID-19 impacts of tourism on Chinese economy
Wen Zhou
Abstract
To comprehensively assess the economic impacts from China’s
tourism industry caused by COVID-19 in 2020, this article develops
a new multiplier calculation and decomposition method
based on the social accounting matrix (SAM). This method is suitable
for situations in which multiple industries are simultaneously
exposed to external shocks, especially comprehensive industries
like tourism. By categorizing all industries as being in either the
tourism sector or the nontourism sector, we calculate the output,
value-added and employment impacts of COVID-19, then decompose
them into four levels: direct, indirect, spillover and reverberation
effects. There are some subindustries of both the tourism
and nontourism sectors that were severely affected. Compared
with the calculation results from the traditional SAM method, the
method developed in this paper identifies quite different industrial
structures, although there is almost no difference in the
total impacts.
Keywords
COVID-19; tourism; China; social accounting matrix; economic impacts
Hrčak ID:
306792
URI
Publication date:
30.4.2023.
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