Stabilization programs supported by use of Fund resources typically contain limitations on credit expansion by the domestic banking system and on foreign borrowing by the public sector. This paper analyzes some of the implications of credit policies for output and growth and how they relate to...

The use of direct credit controls as instruments for achieving balance of trade and payments objectives is a well-known proposition; the present paper raises some questions related to the implementation of such a policy. In particular, the paper investigates with the help of a simple model the...

Purpose: The purpose of this paper is to reconstruct and analyze the long history of Tourism Review and try to outline the future of this journal. Design/methodology/approach: The authors show that Tourism Review has been a good example of multiple life cycles over time and of survival by...

As announced earlier, the next AIEST Congress will take place just one year before the Summer Olympics in Athens (Greece). It is primarily for this reason that we have chosen “Sport and Tourism” as the theme of the Congress.

In many tourism country destinations the dominant structure is that of small‐to‐medium enterprises (SMEs). They are prevalent for example in the hotel trade, travel agencies, tourism transport systems and the many tourism‐related attractions. In contrary, in new destinations in emerging...

Volatile demand: Demand in tourism is increasingly volatile. The reasons can be found in the unpredictable behaviour of the consumer and the development of the market. The requirements of potential visitors are changing at an ever faster pace. Although the long term growth trend for tourism is...

As announced earlier, the next AIEST Congress will take place in Moscow/Russia from 27th August — 1st September 2006. The theme of the Congress is “Dealing with volatile demand in tourism — how can marketing become more efficient and effective?”

Purpose – This paper aims to outline the theoretical background of tourism policy, taking into account the political changes in advanced economies. It proposes presenting a new definition of tourism policy considering its origins and the stages it went through. It aims to show the...

Unter dem Vorsitz von Prof. Dr. Walter Ender aus Oesterreich diskutierten ber 30 Kolleginnen und Kollegen aus sechs Ländern ber die touristische Wettbewerbsfähigkeit von Fernzielen. Dabei kam die Arbeitsgruppe zu folgenden Einsichten: