Macauthemicroeconomy.ppt

逾60％人料樓價再漲 http://thesun.on.cc/cnt/finance00434_018.html?pubdate 中原料澳門全年住宅 成交增59％ /htm/FinanceNews/ec_ecc1.htm 澳門宣告步入衰退 賭業不容樂觀 .hk/news/09/05/30/_IN-1090333.htm Macau is close to hk- similar? No * Macau is an micro economy * * Good? * Govt expends most on general services, education…… * Benefit Macau, good? * Relies too much * Both include gambling % of gambling is uncertain Our expectation: % of gaming is large, relies too much * Relies too much * * 2008, financial crisis * Macauthe micro economy Chan Wing Yi,Lau Ho Yee, Why study Macau? Near to Hong Kong one of the two special administrative regions of the Peoples Republic of China Special economic characteristics Comparison between Macau HK Macau Area: 29.5 sq km Population: 549, 500 HK Area: 1104 sq km Population: 7, 061, 200 HK is much more larger than Macau Comparison between Macau HK Macau Unemployment rate: 2.9% Per capita GDP (2009): 311,131 MOP = $302050.7786 HKD GDP (2nd Quarter/2010): 54, 793.7m MOP ? = $53194.57m HKD HK Unemployment rate: 4.9% Per capita GDP (2009): $29,879 HKD GDP (2nd Quarter/2010) : $415,921 m HKD Macau’s economic performance seems to be better Low unemployment rate Very high per capita GDP Government expenditures Macau provides different subsidies to her citizen 聯合早報網訊: Permanent residents 澳門將連續第三年向每名永久居民發放六千元 Non-Permanent residents 非永久居民則有三千六百元 Elderly 向長者發放五千澳門元的敬老金 Public 向群眾發放五百元醫療券及一百五十元電費津貼 Where does the money come from? Tax revenue of Macau Structure of Macau’s GDP Employment structure of Macau Industry Recreational, Cultural, Gaming Other Services: 24.3% Wholesale Retail Trade: 13.4% Occupation Clerks (including casino dealers, floorpersons, betting service operators, etc.): 26.7% Service Sales Workers: 21.9% Tax revenue of Macau Fiscal Budget: Major source of Tax revenue --- gambling Fiscal Budget Aims: Prescribed by the Macau Basic Law Budget: Revenue Expenditur