This paper investigates the volatility size effects for firm performance in the Taiwan tourism industry, especially the … impacts arising from the tourism policy reform that allowed mainland Chinese tourists to travel to Taiwan. Four conditional … effects for firm performance, regardless of firm size and estimation period. Furthermore, the risk premium reveals …

This paper examines the determinants of economic growth, income inequality, and their relationship in the context of … capital have a disequalizing relationship with income distribution. This study also indicates that economic growth has a … significantly equalizing link with income distribution. In addition, the current level of inequality and growth is positively …

and firm growth. Since it has been observed that many panel unit root tests are invalid when cross-section correlation …The purpose of this paper is to use panel unit root tests to see if Gibrat’s law holds in Turkey. Gibrat's Law … establishes that firm growth is a random walk, it means that the probability of a given proportional change in size during a …

The Law of Proportionate Effect depicts that firm’s growth rate is independent of its size; Gibrat (1931). Some of the …

tourism and long-term economic growth. These studies have employed a variety of methodologies, models such as VAR, VECM, ARDL …. Additionally, the study shows that the values of the elasticity of economic growth from tourism are significant different between …, ARCH, GARCH, cross section and panel data. In general using a test of cointegration of economic variables as a way to test …

This paper studies the relationships between tourism and economic growth through a dynamic model showing how the time … preference affect the investment in a economic sector based on natural resources as tourism. Assuming extreme values, it is … resources depletion. Given the dynamic of the model, three results can be analized: constant economic growth, whose rate will …

tourist, trade and economic growth. Although tourism is one of the major components in the trade of services, and it has been … certified by large number of literatures on the strong correlation between tourism industry and economic development, yet not …-relationship between economic development, total trade (import and export) and number of tourist arrival for Malaysia and her major tourism …

. This study examines the hypothesis of ‘economic-driven’ tourism growth in Malaysia by using econometric modelling. To … generate the empirical analysis, this study used data from 1980-2007 to analyze the economic-driven tourism growth by using …-driven tourism growth in Malaysia. Therefore, this study suggests policies and strategies to overcome the importance of economic …

Tourism and related recreation activities play a significant role in the generation of income / foreign exchange and … provision of employment opportunities. Against this backdrop, this paper aims at ascertaining empirically the impact of tourism … on the West African economy from 2000 – 2004. The relationship is analysed based on a panel data approach. While the …

The purpose of this paper is to test if there exists an eviction of the private tourism investment by the level of land … private investment. The anticipated demand seems to have an accelerator effects on tourism investment. In revenge, the land … tax based on the level of tourism GDP remains with a negative effect, but it is neatly lower as than the effect, which the …