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The aim of this paper is to review and examine a collection of ‘most commonly applied’ theoretical and empirical models of equilibrium exchange rate. The presentation on each model starts with an introduction of core theoretical frameworks. It will then be followed by discussions on relevant...
Persistent link: https://www.econbiz.de/10008854393
In this research, the equilibrium real exchange rate as well as exchange rate misalignment in Switzerland and Lithuania is estimated based on behavioural equilibrium exchange rate and structural vector autoregression models. Moreover, driving forces of the real effective exchange rate are...
Persistent link: https://www.econbiz.de/10011109074
: BEER (Behavioral Equilibrium Exchange Rate) which explains the deviations from PPP as a result of changes in the …
Persistent link: https://www.econbiz.de/10011113155
tourism and long-term economic growth. These studies have employed a variety of methodologies, models such as VAR, VECM, ARDL … Granger causality. This work shows that in the cases reviewed there is strong empirical evidence for the hypothesis of tourism …. Additionally, the study shows that the values of the elasticity of economic growth from tourism are significant different between …
Persistent link: https://www.econbiz.de/10011260426
Tourism is increasingly being promoted as an important source of economic growth especially in developing countries …. While there are many elements that contribute to tourism growth, without an efficient air transport system, it is almost … international tourism. From the perspective of an African nation the most important question is whether the benefit of aviation …
Persistent link: https://www.econbiz.de/10011260537
region should be based on active and multilevel cooperation among operators of the local tourism business environment. It is … rather high level of inertia of local authorities in creating appropriate conditions for tourism business development, thus …
Persistent link: https://www.econbiz.de/10011261036
In Kerala, the revenue generated by tourism i assessed as 6.29% of GDP and the employment in tourism is estimated as 7 … basic infrastructure to support tourism and adopting a policy that i eco-friendly and environmentally sustainable says … Kerala's Tourism's ministrer in 2003. The importance of information technology in increasing in all the sectors. Tourism one …
Persistent link: https://www.econbiz.de/10005260169
In recent decades, hotel companies based in the Balearic Islands have become the leaders of the Spanish tourism market … maintained with international tourism companies: foreign capital tour operators and hotel chains. This analysis includes the …
Persistent link: https://www.econbiz.de/10009654215
tourism in Small Island Developing States (SIDS). The results of the homogenous and instantaneous causality tests suggest that … for only a small set of countries. For the most part, the causal relationship runs from FDI to tourism, implying that FDI … provides much needed capacity for SIDS and therefore allows these countries to expand their tourism product. …
Persistent link: https://www.econbiz.de/10009294953
We discuss who should be in charge of providing data relevant to marketing segmentation for the tourism industry. We …
Persistent link: https://www.econbiz.de/10009322626