Tourism is one of the most vulnerable industries when facing a global threat of sanitary, economic, or military considerations. From an economic activity comprising nearly 3% of the country's GDP, the tourism has dropped to a flat zero in Romania. For three months, specifically March – May...

The studies of environmental awareness or the so-called people's pro-environmental behaviors (PEBs) became a popular topic in Europe, North America and Asia, but not yet in Russia. Many studies investigated PEBs revealed that monetary saving and health concern are considered to be the most...

Digitalization is the core driving force of the fourth industrial revolution. This new era will result in paradigm shift in production and in marketing of products and services. The smarter production can make value creation easier with reducing the cost of manufacturing and with producing...

This paper draws on a sample of innovative Catalan firms to identify the effects of the two main sources of innovation - internal R&D and external R&D acquisition - on productivity in the manufacturing and service industries. The sample comprises a 3,267 firms from the CIS-4 for the years...

In this study, we have constructed a valuation model based on the CVM consistent with the TCM, in order to measure the use and the non-use values of environmental goods consistently. And the practicality of our model has been examined, by applying this model to measurement of environmental...

The 2011 Great East Japan Earthquake hereafter, 'the Earthquake' and the accident involving radiation leakage at Tokyo Electric Power Company fs Fukushima Nuclear Power Plant No. 1 hereafter, 'NPP No. 1' brought fame to Fukushima Prefecture but not in a positive way. In general, economic damage...

Numerous attempts have been made to evaluate economic impacts by climate change, and the evaluation method can be classified into two approaches. One is a partial equilibrium approach and the other is a general equilibrium approach. The former method includes a travel cost method (TCM) and a...

Tourism represents an important factor in the socio-economic development of rural areas in Romania. Natural landscapes and local traditions are valued by entrepreneurs from the countryside and are transformed into attractions for tourists from the urban environment or from abroad. At the same...

Given the rapid expansion of wind power capacities in Germany, this paper estimates the effects of wind turbines on house prices using real estate price data from Germany’s leading online broker. Employing a hedonic price model whose specification is informed by machine learning techniques,...