The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a static nominal price comparison index. The paper finds that:...

Since 1998, the national policies on chemical fertilizer in China have been concentrated in limiting price plus subsidizing, abolishing agricultural tax, giving direct subsidies to farmers, and other aspects. In order to analyze the impact of national policies on the consumption of chemical...

Engel's law is known to be extraordinarily consistent across time and space. Accordingly, it has been widely used to determine poverty. However, also among the poorest, a certain amount of non food spending is necessary. To substantiate the distinction between necessities and luxuries, already...

This paper tests the balance-of-payments constrained growth model using Thailand as a case study. The study explicitly considers the potential existence of a structural break when estimating the model. On balance, it is found that Thailand's long-run economic growth over the period 1962-2009 is...

The paper analyzes one case of the endogeneity problem, namely, the presence of measurement error in consumer expenditures by estimation of the demand system according to the household sample surveys. Based on factor analysis a novel approach is proposed and tested. It allows weakening the bias...

It is widely accepted that long-run elasticities of demand for electricity are not stable over time. We model long-run sectoral electricity demand using a time-varying cointegrating vector. Specifically, the coefficient on income (residential sector) or output (commercial and industrial sectors)...

It is widely accepted that long-run elasticities of demand for electricity are not stable over time. We model long-run sectoral electricity demand using a time-varying cointegrating vector. Specifically, the coefficient on income (residential sector) or output (commercial and industrial sectors)...

An informational approach is used for the measurement of the inequality of each component of total consumption expenditure. The approach is applied to data of the International Comparison Project.

Die vorliegende Studie untersucht die Zusammenhänge zwischen Erdölpreisen, Kraftstoffpreisen, verbrauchten Mengen und dem Energiesteueraufkommen. Wesentliche Ergebnisse sind, dass die verbrauchten Kraftstoffmengen mit der gesamtwirtschaftlichen Produktion und den Erdölpreisen schwanken. Vor...