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Exchange rate elasticities of international tourism and the role of dominant currency pricing

Ding, Ding; Timmer, Yannick - 2022

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

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

The process of economic development in West Sichuan : the case of Daocheng County

Holz, Carsten A. - 2020

Economic development of a remote, mountainous region is a challenge for any country. This paper examines how this development challenge has been addressed in a high-altitude backward region of the People's Republic of China. Is this region increasingly being left behind or has it entered a...

Persistent link: https://www.econbiz.de/10012165995

Tourism and growth in the local labor

Conti, Laura; Francesconi, Marco; Papini, Giulio; … - 2025

find a strong positive relationship between changes in attractiveness and changes in the local tourism-related economic … activity, with a positive impact on tourism expenditure and tourism employment, but no effect on total employment. In high … related to tourism and firms in the nontradable sector. We observe no effects on wage growth. We discuss our results in the …

Persistent link: https://www.econbiz.de/10015407788

Impact of colonial institutions on economic growth and development in India : evidence from night lights data

Jha, Priyaranjan; Talathi, Karan - 2021

We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure institutions implemented by the British, on disparity in present day development using district level data from India. Using nightlights per capita as a proxy for district level per...

Persistent link: https://www.econbiz.de/10012508730

The role of the state in economic development

Tabellini, Guido Enrico - 2004

This paper discusses the recent literature on the role of the state in economic development. It concludes that government incentives to enact sound policies are key to economic success. It also discusses the evidence on what happens after episodes of economic and political liberalizations,...

Persistent link: https://www.econbiz.de/10011450487

The rule of law : measurement and deep roots

Gutmann, Jerg; Voigt, Stefan - 2015

This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...

Persistent link: https://www.econbiz.de/10011406570

The farmer, the blue-collar, and the monk : understanding economic development through saturations of demands and non-homothetic productivity gains

Gray, Elie; Grimaud, André; Le Bris, David - 2018 - This draft: April 9, 2018

To explain the process of development historically documented, we consider a model with three economic sectors (agriculture, manufacturing and services) characterized by different productivity gains and by saturation levels in the demands of agricultural and manufactured goods. Our parsimonious...

Persistent link: https://www.econbiz.de/10011819388

Did caselaw foster England's economic development during the industrial revolution? : data and evidence

Grajzl, Peter; Murrell, Peter - 2022

We generate and analyze data pertinent to the role of caselaw in England's economic development during the Industrial Revolution. Applying topic modeling to a corpus of 67,455 reports on English court cases, we construct annual time series of caselaw developments between 1765 and 1865. We then...

Persistent link: https://www.econbiz.de/10013453766

Is the electricity sector a weak link in development?

Colmer, Jonathan; Lagakos, David; Shu, Martin - 2023

This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic model in which electricity is a strong complement to other inputs in...

Persistent link: https://www.econbiz.de/10014450774