Recreational services are demanded because they generate benefits. The recreational benefits connected with a destination can be valued based on visitor preferences, which can aid in the formulation of an appropriate Natural Resource Management policy. Environmental and natural resource...

This paper seeks to examine the determinants of FDI into Latin America with an aim to make policy recommendations to boost FDI into the region. Using data for 17 Latin American countries for the period from 1990 to 2013 and two-way fixed effects method of estimation, the paper is an attempt to...

We construct the world's centers of gravity for human population, GDP and CO2 emissions by taking the best out of five recognized data sources covering the last two centuries. We also propose a more appropriate two-map representation of the location of the center of gravity, which abstracts from...

Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...

The owners of 8 power plants in the UK have announced interest in capturing and sequestering CO2. Using various criteria from the literature twenty fields in the UK Continental Shelf were selected as possible sinks for the captured CO2. Using a linear programming model, the study determined the...

In this article, we quantify the demand for sustainability at the sovereign level. We do so by estimating a longitudinal model, at the issue level, that captures net demand in sovereign ESG factors for both equity and fixed income markets. In spite of the surging interest in ethical investing,...

Only unstructured single-path model selection techniques, i.e., Information Criteria, are used by Bounds test of cointegration for model selection. The aim of this paper was twofold; one was to evaluate the performance of these five routinely used information criteria {Akaike Information...

This paper documents the dynamic properties of the current account, trade balance and international capital flows. For this purpose, two approaches are taken: probit and a nonparametric estimation. The probabilistic approach shows that, in general, deficits and net inflows tend to be more...

Throughout the world, strong dispersions of both regional and national unemployment rates can be observed. The economic theory has developed various explanations on how this differences occur. Corresponding models mainly aim at institutional and political framework, insider effects, efficiency...

This paper examines the relationship between trade liberalisation and migration in the case of Mexico. The increasing bilateral trade between Mexico and the United States after signing the North American Free Trade Agreement (NAFTA) was supposed to stem the illegal Mexican migration flow by...