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Tourism is an extremely complex phenomenon marked by major factors like the terrorist attacks and the refugees … domestic product in tourism reacts to the situations of crisis caused by the terrorist attacks and by the waves of refugees …. The techniques used are σ and β convergence tests, combined with the deterministic sensitivity analysis. The sample …
Persistent link: https://www.econbiz.de/10014474837
Using various indicators for economic freedom, it is shown that increases in economic freedom are robustly related to economic growth. This conclusion holds even if the impact of outlying observations is taken into account. The level of economic freedom is not related to economic growth
Persistent link: https://www.econbiz.de/10014144008
We analyze the cross-national distribution of GDP per capita and its evolution from 1970 to 2003. We argue that peaks are not a suitable measure for distinct growth regimes, because the number of peaks is not invariant under strictly monotonic transformations of the data (e.g. original vs. log...
Persistent link: https://www.econbiz.de/10010288996
growth phases. Results show that expansionary regimes are associated with convergence and positive correlation between growth …
Persistent link: https://www.econbiz.de/10011412222
The purpose of this study is to investigate the relation between regional convergence inside of countries in EU and … the correlation between the convergence process and economic growth we focused, as it is usually used in specialised … literature to analyse the real convergence, on the dynamics of GDP per capita expressed in case of EU by PPS (Purchasing Power …
Persistent link: https://www.econbiz.de/10011866850
Certainly the current crisis is affecting seriously the convergence process in EU. Starting from the spatial … rate has a fundamental role. In the general process of economic development and in the context of convergence in EU for the …
Persistent link: https://www.econbiz.de/10011515567
We test the history-augmented Solow model with respect to its predictions on the patterns of divergence and convergence …
Persistent link: https://www.econbiz.de/10011671956
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good … option? To answer this question, we have compared the relative growth performance of 14 tourism countries within a sample of … that the tourism countries grow significantly faster than all the other sub-groups considered in our analysis (OECD, Oil …
Persistent link: https://www.econbiz.de/10011592920
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth …
Persistent link: https://www.econbiz.de/10008702298
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)‘ Recent empirical … evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth …
Persistent link: https://www.econbiz.de/10014197225