correlation. …

This paper uses a frequency domain approach to gain insight into the correlation between survey indicators and year … of the correlation between survey indicators and year-on-year GDP growth at the different frequencies to explain their … overall correlation. We show that survey indicators, similar to year-on-year GDP growth, do not perfectly reflect business …

autoregressive conditional heteroskedasticity model and the dynamic conditional correlation model where distributional assumptions …

This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by …

This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by …

conditions. Therefore, a correlation implied from tranches can be seen as a measure of the general health of the credit market …

We present a theoretical model in tourism economics, assuming that the market for tourism is an oligopoly with … capacity that can be interpreted as the stock of physical, natural or cultural resources. Tourism flows yield current revenues … questions, like the choice between mass- vs. elite-tourism development strategies; the effect of the number of competing …

Tourism has been regarded as a major source of economic growth and a good source of foreign exchange earnings. Tourism … is the general equilibrium effects of tourism on the other sectors in the economy. These effects can be quite substantial … and should be taken into account when assessing the net benefits of a tourism boom on an economy. This paper presents a …

This paper examines the effects of tourism in a dynamic model of trade on unemployment, capital accumulation and … resident welfare. A tourism boom improves the terms of trade, increases labor employment, but lowers capital accumulation. The …, the expansion of tourism improves welfare. However, when the traded sector is strongly capital intensive, the fall in …