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This paper is concerned with the estimation of euro area potential output growth and its decomposition according to the sources of growth. The growth accounting exercise is based on a multivariate structural time series model which combines the decomposition of total output according to the...
Persistent link: https://www.econbiz.de/10011604850
Schätzungen des Produktionspotenzials und der Produktionslücke einer Volkswirtschaft sind von großer Bedeutung für die Wirtschaftspolitik. Sie spielen eine wesentliche Rolle für den Europäischen Stabilitäts- und Wachstumspakt und für die im Grundgesetz verankerte Schuldenbremse. In der...
Persistent link: https://www.econbiz.de/10011985218
ist. Dazu wird das Produktionspotenzial im Rahmen einer Wachstumsbilanzierung unter Zuhilfenahme von strukturellen …
Persistent link: https://www.econbiz.de/10010427571
Defense literature is still in need of a theoretical framework in the neoclassical sense, in regard to empirical research on the relationship between defense spending and economic growth. In this respect, Dunne, Smith and Willenbockel (2005), although not without technical problems, represented...
Persistent link: https://www.econbiz.de/10011807212
This study examines the effect of terrorism and peace on tourist destination arrivals using a panel of 163 countries with data for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments and Negative Binomial (NB) regressions. Our best estimators are from NB...
Persistent link: https://www.econbiz.de/10012112187
terrorism externalities on tourism. The geographical and temporal scopes are 163 countries and the period 2010-2015. The … impact of these terror-related incidents in order to induce positive net effects on tourism. This finding is robust to all …
Persistent link: https://www.econbiz.de/10012112230
arrivals or international tourism in 163 countries. It is framed to assess how the future of international tourism can be …
Persistent link: https://www.econbiz.de/10014549408
partnership undertook initiatives to stimulate the regional economy by creating a tourism infrastructure. This paper presents a …. In 2004, the regional partnership also applied for the pilot measure to implement the EU Initiative Leader+. The tourism …
Persistent link: https://www.econbiz.de/10010299314
We present a theoretical model in tourism economics, assuming that the market for tourism is an oligopoly with … capacity that can be interpreted as the stock of physical, natural or cultural resources. Tourism flows yield current revenues … questions, like the choice between mass- vs. elite-tourism development strategies; the effect of the number of competing …
Persistent link: https://www.econbiz.de/10011324900
Tourism has been regarded as a major source of economic growth and a good source of foreign exchange earnings. Tourism … is the general equilibrium effects of tourism on the other sectors in the economy. These effects can be quite substantial … and should be taken into account when assessing the net benefits of a tourism boom on an economy. This paper presents a …
Persistent link: https://www.econbiz.de/10011324903