Want to study if any co-relation between any single market economy like Macao, Las Vegas, or other Dutch Disease economy improves local's daily living standard.
Dear Wayne Lio ,
You may need to elaborate about your question.
www.hlta.ca/reports/CGA%20final.pdf
https://www.wallstreetmojo.com/economic-factors/
The economic impact of gaming can surely be deduced in a comparative study, with respect to revenue and investments.
sknr.net/2020/10/14/positive-and-negative-effects-of-gambling-on-the-economy/
https://gamblingriskinformednovascotia.ca/wp-content/uploads/2019/01/SEIG_FINAL_REPORT_2011.pdf
Perhaps your research project may also include the Principality of Monaco and / or the city of Las Vegas.
Regards,
Dariusz Prokopowicz
Many suggestions have been done.
However, given the premises, the answer would lean towards NO.
I am not quite sure that I understand what is being meant by the term "a single market" in the question...Are you referring to a country with a single domestic market for a single locally produced product? Or are you referring to an economy which produces one, or even more, products or services, which then however are only exported to one single foreign buying country?
This in fact is why it is so important that trade relations between nations are always kept as open and wide and multi-directional as possible. Implied in this question is what the WTO really exists for...the more that nations produce and the more that nations trade with as many others as possible, the better it always is for everyone in the world. Trade wars are always bad, whichever way one chooses to look at trade!
Dr. John Consiglio
Faculty of Economics, Management and Accountancy,
The University of Malta.