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University of Nevada, Las Vegas
Casino tourism; development boundary; externality; innovation; Schumpeterian
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A Schumpeterian Approach To Examine The Development Boundary Of Casino Tourism, Ricado C. S. Siu, Joey P. U. Sou
A Schumpeterian Approach To Examine The Development Boundary Of Casino Tourism, Ricado C. S. Siu, Joey P. U. Sou
International Conference on Gambling & Risk Taking
In The Theory of Economic Development, Joseph Schumpeter ([1934] 1983, Chapter II) explicates how the dynamic role of innovative mindset and ability of entrepreneurs, through introducing new methods of production and new economic commodities, leads up to the expansion of the boundary for economic/industrial development.
By following Schumpeter’s approach, we explore the development boundary of casino tourism. Through a post facto analysis of the hard evidences derived across the world (e.g., Las Vegas, Macao and Singapore) since the 1980s, the dimensions of innovation to the development boundary of casino tourism are scrutinized and explicated. Besides, we uncovered that the …