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Is Casino Gaming a Productive Sector? A Conceptual and Cross-jurisdiction Analysis

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Author Info
Ricardo Chi Sen Siu (University of Macau)
Abstract

Casino gaming has been one of the world's fastest growing service sectors since the 1970s. Different from the traditional service sectors which are theoretically extensions of physical goods production in an economy, casino gaming is a form of entertainment service intending to satisfy a specific form of human desire - to pay for a chance to win. Despite the practical difficulties in measuring the economic output and input of casino gaming, data released by the industry suggest that this is a very productive sector. In principle, while social costs associated with the provision of casino gaming may downgrade its productivity, promotion of investment, production and consumption of non-gaming services should be reckoned as part of the productivity of modern casino gaming.

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Publisher Info
Article provided by University of Buckingham Press in its journal Journal of Gambling Business and Economics.

Volume (Year): 1 (2007)
Issue (Month): 2 (June)
Pages: 129-146
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Handle: RePEc:buc:jgbeco:v:1:y:2007:i:2:p:129-146

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Related research
Keywords: CASINO GAMING; PRODUCTIVITY; DEVELOPMENT;

Find related papers by JEL classification:
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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This page was last updated on 2009-12-9.

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