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Time-Varying Interdependencies of Tourism and Economic Growth: Evidence from European Countries
Dragouni, Mina; Filis, George; Antonakakis, Nikolaos - 2013
In this study, we employ the novel measure of a VAR-based spillover index, developed by Diebold and Yilmaz (2012) to investigate the time-varying relationship between tourism and economic growth in selected European countries. Overall, the findings suggest that (i) the tourism-economy...
Persistent link: https://www.econbiz.de/10011345525
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Output Volatility, Economic Growth, and Cross-Country Spillovers: New Evidence for the G7 Countries
Antonakakis, Nikolaos; Badinger, Harald - 2012
period 1958M2-2011M7, thereby paying particular attention to spillovers within and between countries. Using the VAR … volatility are highly intertwined, with spillovers taking place into all four directions; ii) the importance of spillovers has … point to moderate growth-growth spillovers and sizable volatility-volatility spillovers across countries, suggesting that …
Persistent link: https://www.econbiz.de/10011345497
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The complex relationship between international tourism demand and economic growth: An analysis on Central and Eastern European economies
Bădulescu, Alina; Bădulescu, Daniel; Simuț, Ramona - In: Amfiteatru Economic Journal 20 (2018) Special Issue No. 12, pp. 935-950
Tourism is widely considered as driver for economic growth, and the "tourism-led-growth hypothesis" is often investigated in the literature. However, there is very limited literature examining how economic growth impacts tourism, an impact which is usually tacitly accepted, without being...
Persistent link: https://www.econbiz.de/10014476389
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Business Cycle Dynamics in the Euro Area: A Factor-SVAR Approach
Seymen, Atilim - 2009
global and euro area shocks as well as allows bilateral spillovers of country-specific shocks across the member economies …
Persistent link: https://www.econbiz.de/10011345443
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The Impact of US Uncertainty Shocks on Small Open Economies
Stockhammar, Pär; Österholm, Pär - 2016
In this paper, we investigate the impact of US uncertainty shocks on GDP growth in nine small open economies: Australia, Canada, Denmark, Finland, Iceland, New Zealand, Norway, Sweden and the United Kingdom. We compare the impact of two types of shocks: i) stock market volatility shocks and ii)...
Persistent link: https://www.econbiz.de/10012654416
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Cross-category spillovers of economic policy uncertainty
Thiem, Christopher - 2018
policy categories are strong net transmitters of uncertainty spillovers (e.g. fiscal policy), while others show only a low … further reveals that the intensity and direction of spillovers change significantly over time. The total connectedness index …
Persistent link: https://www.econbiz.de/10011800304
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International business cycle spillovers
Yilmaz, Kamil - 2009
We apply Diebold-Yilmaz spillover index methodology to monthly industrial production indices to study business cycle interdependence among G-6 industrialized countries since 1958. The business cycle spillover index fluctuates substantially over time, increasing especially after the 1973-75,...
Persistent link: https://www.econbiz.de/10010277269
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The Dynamic of Foreign Visitors in Romania since 1990. Current Challenges of Romanian Tourism
Neacsu, Marius-Cristian; Negut, Silviu; Vlasceanu, Gheorghe - In: Amfiteatru Economic Journal 16 (2014) Special No. 8, pp. 1340-1351
This study represents a quantitative and qualitative analysis of the Romanian tourism phenomenon that focuses on the current challenges to which it has to adapt in order to become competitive on the European market and to overcome its current stage of subsistence tourism. One of the selected...
Persistent link: https://www.econbiz.de/10011724922
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The Effects of Tourism on the GDP of Macedonia, Montenegro and Serbia in the Process of European Integration
Čerović, Slobodan; Knežević, Miroslav; Pavlović, … - In: Amfiteatru Economic Journal 18 (2016) 42, pp. 407-422
Tourism is a socio-economic phenomenon exerting considerable economic, social and political impact, thus securing itself an important position in the overall economic growth. The principal purpose of this paper is to present the effects of the EU integration process on tourist movements in...
Persistent link: https://www.econbiz.de/10011725035
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Niche Tourism Markets – Means of Enhancing Sustainable Economic Development in EU's Eastern Periphery
Ursache, Mara - In: CES Working Papers 7 (2015) 2a, pp. 648-661
Within Europe, processes of economic convergence and divergence operate at various geographical scales, resulting in a very uneven geographical landscape. As mentioned in the international literature, the European economic space is characterized by a core-periphery structure. From this point of...
Persistent link: https://www.econbiz.de/10012017244