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Does the money multiplier hold in Pacific Island countries? : the case of Papua New Guinea

Ofoi, Mark; Sharma, Parmendra - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-21

This is the first study to systematically assess the significance of the standard money multiplier vis-à-vis the bank credit transmission channel in the case of Pacific Island Economies, focusing on Papua New Guinea. The vector autoregressive model comprising six variables - interest rate,...

Persistent link: https://www.econbiz.de/10012628572

Natural resources and civil conflict : the role of military expenditures

Arezki, Rabah; Brückner, Markus - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-26

Military expenditures significantly affect the relationship between the risk of civil conflict outbreak and natural resources. We show that a significant positive effect of natural resource rents on the risk of civil conflict outbreak is limited to countries with low military expenditures. In...

Persistent link: https://www.econbiz.de/10012798448

Tourism activity as an engine of growth : lessons learned from the European Union

Matzana, Velisaria; Oikonomou, Aikaterina; Polemis, Michael - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-15

In this study, the linkage between tourism activity and economic development in 21 European countries is analyzed. The … if there is a long-run connection between tourism activity and the development of the economy by applying a multivariate … framework. The results reveal that tourism contributes significantly to European countries' economic growth. Furthermore …

Persistent link: https://www.econbiz.de/10013273046

Peculiarities of sustainable cultural development : a case of dark tourism in Lithuania

Jureniene, Virginija; Radzevicius, Martynas - In: Journal of risk and financial management : JRFM 15 (2022) 6, pp. 1-25

The aim of this article is to reveal the connection and significance of the concepts of dark tourism and sustainable … tourism for the sustainable development of tourism, especially for regional tourism growth. The article discusses the … theoretical aspects of dark tourism and details the aspects of this tourism industry as part of cultural tourism. The article also …

Persistent link: https://www.econbiz.de/10013273654

The impact of conventions on hotel demand : evidence from Indianapolis using daily hotel occupancy data

Steitz, Colin; Hall, Joshua C. - In: Journal of risk and financial management : JRFM 13 (2020) 10/229, pp. 1-15

This paper uses daily hotel occupancy data for the Indianapolis metro area from STR to estimate the effect of multi-day conventions on hotel demand. In addition to multi-day conventions, we hand collect data on other major events such as the Indy 500 and major sporting events. Hotel demand is an...

Persistent link: https://www.econbiz.de/10012388004

Industrial life-cycle and the development of the Russian tourism industry

Sheresheva, Marina; Valitova, Lilija; Tsenzharik, Maria; … - In: Journal of risk and financial management : JRFM 13 (2020) 6/113, pp. 1-10

tourism industry to show that microeconomic factors are important, along with the macroeconomic, market, and demand …

Persistent link: https://www.econbiz.de/10012305126

Evaluation of market with accommodation facilities considering risk influence : case study Slovakia

Csikosova, Adriana; Culkova, Katarina; Weiss, Erik; … - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-17

Tourism currently contributes significantly to the national economy. When investing in the accommodation facility on … the real-estate market, the tourism sector also represents a certain risk due to a high level of seasonality. This paper … investments in exposed regions in tourism. The information can be used in the field of risk management to avoid or reduce the risk …

Persistent link: https://www.econbiz.de/10012534562

Insight into predicted shocks in tourism : review of an ex-ante forecasting

Gricar, Sergej; Bojnec, Štefan; Baldigara, Tea - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-17

, consequently, the tourism sector. In the study, a single Slovenian dataset is input for the analysis of tourist arrivals. Vector …

Persistent link: https://www.econbiz.de/10013471450

The fundamental equation in tourism finance

McAleer, Michael - In: Journal of risk and financial management : JRFM 8 (2015) 4, pp. 369-374

The purpose of the paper is to present the fundamental equation in tourism finance that connects tourism research to … the tourism industry, are two of the most important industries in the world today in terms of employment and generating … tourism expenditure. The paper will concentrate on daily tourism expenditure, regardless of whether such data might be readily …

Persistent link: https://www.econbiz.de/10011545065

The mediating effects of implied volatility and exchange rate on the U.S. tourism-growth nexus

Obi, Pat; Ogbeide, Godwin-Charles - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-16

In this paper, we examine the impact of destination risk and currency valuation on the U.S. tourism-growth nexus using … the recently developed nonlinear autoregressive distributed lag cointegration technique. Tourism development is proxied by … causality. Positive shocks in tourism development directly impact growth, while negative shocks in GDP have a negative causal …

Persistent link: https://www.econbiz.de/10013161866