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A beam of light : media, tourism & economic development
Nocito, Samuel; Sartarelli, Marcello; Sobbrio, Francesco - 2021
Tourism accounts for around one tenth of global GDP. We analyze the impact of entertainment media in drawing tourists … to filming locations (media multiplier ) and, in turn, the effect of tourism on local economic development (tourism … factor of 2.5. Furthermore, we provide evidence of positive spillovers in nearby municipalities. To estimate the tourism …
Persistent link: https://www.econbiz.de/10012510008
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Financial integration and European tourism stocks
Caporale, Guglielmo Maria; Yfanti, Stavroula; … - 2023
This study examines the macro drivers of the time-varying (dynamic) connectedness between eleven European tourism … estate activity. Further, economic and political uncertainty is found to intensify the macro effects on tourism correlations … crash, also magnify the impact of macro drivers on the evolution of co-movement and integration in the tourism sector. …
Persistent link: https://www.econbiz.de/10013540847
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Regulatory barriers to climate action : evidence from conservation areas in England
Fetzer, Thiemo - 2023
estimation and an instrumental variables approach leveraging World War II wartime destruction in London - I show that properties …
Persistent link: https://www.econbiz.de/10014228540
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Modeling uncertainty in climate change : a multi-model comparison
Gillingham, Kenneth; Nordhaus, William D.; Anthoff, David; … - 2015
The economics of climate change involves a vast array of uncertainties, complicating both the analysis and development of climate policy. This study presents the results of the first comprehensive study of uncertainty in climate change using multiple integrated assessment models. The study looks...
Persistent link: https://www.econbiz.de/10011344715
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Economic analysis, sustainability and environmental commons
Musu, Ignazio - 2013
When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...
Persistent link: https://www.econbiz.de/10010223360
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The Hodrick-Prescott filter with a time-varying penalization parameter : an application for the trend estimation of global temperature
Blöchl, Andreas; Flaig, Gebhard - 2014
In this paper we use the Hodrick-Prescott filter for analysing global temperature data. We are especially concerned with a reliable estimation of the trend component at the end of the data sample. To this end we employ time-varying values for the penalization parameter. The optimal values are...
Persistent link: https://www.econbiz.de/10010229859
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The green paradox in open economies
Long, Ngo Van - 2014
This paper explains how, in the context of incomplete coordination among all countries, unilateral policies that might at first sight seem pro-green could actually turn out to harm the global environment. The free-riding motives and the difficulty of reaching an effective international...
Persistent link: https://www.econbiz.de/10010245993
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Explosive oil prices
Gronwald, Marc - 2013
This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...
Persistent link: https://www.econbiz.de/10009786017
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Priority for the worse off and the social cost of carbon
Adler, Matthew D.; Anthoff, David; Bosetti, Valentina; … - 2016
The social cost of carbon (SCC) is a monetary measure of the harms from carbon emission. Specifically, it is the reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO2. The standard approach is to calculate the SCC using...
Persistent link: https://www.econbiz.de/10011518115
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The political economy of multilateral aid funds
Simon, Jenny; Valasek, Justin - 2016
In 2014 over $60 billion was mobilized to help developing nations mitigate climate change, an amount equivalent to the GDP of Kenya. Interestingly, breaking from the traditional model of bilateral aid, donor countries distributed nearly fifty percent of their aid through multilateral aid funds...
Persistent link: https://www.econbiz.de/10011452801