Showing 1 - 10 of 1,582
January 1, 2001 to December 29, 2017, we implement the test for asymmetric non-causality of Hatemi-J (2012), the asymmetric …
Persistent link: https://www.econbiz.de/10011897569
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
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
/1991, speculative demand shocks also played a role. Third, it is shown that temporary oil price hikes influence economic decisions that … demand shocks can emerge that to date appear to have been overlooked. …
Persistent link: https://www.econbiz.de/10009786017
We estimate exchange rate elasticities of international tourism. We show that, in addition to the bilateral exchange … rate, the exchange rate between the tourism origin country vis-à-vis the U.S. dollar is an important driver of tourism … flows, indicating a strong role of U.S. dollar pricing. The U.S. dollar exchange rate is more important for tourism …
Persistent link: https://www.econbiz.de/10013201620
leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to … of the US dollar on oil demand tends to be declining over time and, for a subsample of OECD countries, stronger for an … appreciation compared to a depreciation of the US dollar. -- oil demand ; US dollar exchange rate ; panel data ; nonlinearities …
Persistent link: https://www.econbiz.de/10009707558
The conventional view, as expounded by sticky-price models, is that price adjustment determines the PPP reversion rate. This study examines the mechanism by which PPP deviations are corrected. Nominal exchange rate adjustment, not price adjustment, is shown to be the key engine governing the...
Persistent link: https://www.econbiz.de/10011507767
and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …
Persistent link: https://www.econbiz.de/10010223077
framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …. This in turn allows us to measure how changes in TFP-Q, demand and markups ultimately affected revenue TFP, as well as …-recession is due to both a weakening of demand and a decreasing TFP-Q pushing down sales, markups, revenue TFP and labour …
Persistent link: https://www.econbiz.de/10012387534
Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism … dataset is made of inter-regional tourism flows among Italian regions over the 2000 - -12 period; across this period, 2008 to …
Persistent link: https://www.econbiz.de/10010492324