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We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset …-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is … conclusions in the literature, smallness per se is not good for growth. …
Persistent link: https://www.econbiz.de/10005392521
, the FIU, as well as his work (and legacy) in Ireland. Relevant theories include Ecos openness and Adorno’s negative and …
Persistent link: https://www.econbiz.de/10005392544
This paper extends the ’expanding-varieties’ growth model in a two-countries-two-goods setup, and describes the … dynamics of growth rates and terms of trade when the industry-based economy is the innovation leader, while the tourism … standard result, technological catching-up by the follower is associated with lower growth rates with respect to the leader …
Persistent link: https://www.econbiz.de/10005385423
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … be associated with higher per capita GDP growth rates than those observed in industrialized countries. However, this … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth …
Persistent link: https://www.econbiz.de/10008489588
In the current age of trade and financial openness, local economies in developing countries are becoming increasingly …
Persistent link: https://www.econbiz.de/10008674328
literature that deals with trade and technology transfer. Not surprisingly, it turns out that openness and human capital have a … order to be able to give valuable policy recommendations that will go beyond the general advice of increasing openness and …
Persistent link: https://www.econbiz.de/10005570290
We investigate the financial interactions between countries in the Pacific Basin region (Korea, Singapore, Malaysia, Hong Kong and Taiwan), Japan and US. The originality of the paper is the use of STAR-GARCH models, instead of standard correlation-cointegration techniques. For each country in...
Persistent link: https://www.econbiz.de/10005385387
As representatives of nation-states in global financial markets, sovereign wealth funds (SWFs) share a common form and many functions. Arguably their form and functions owe as much to a shared (global) moment of institutional formation as they owe their form and functions to the hegemony of...
Persistent link: https://www.econbiz.de/10008828394
This paper aims to enrich the standard toolbox for measuring diversity in economics. In so doing, we compare the indicators of diversity used by economists with those used by biologists and ecologists. Ecologists and biologists are concerned about biodiversity: the diversity of organisms that...
Persistent link: https://www.econbiz.de/10005385349
that the influence of environment on optimal growth in the long-run may be explained by the detrimental effect of pollution … on life expectancy. It also shows that, in such a case, greener preferences are growth- and welfare-improving even if the …
Persistent link: https://www.econbiz.de/10005385426