In recent decades, the New Economy approach has been developed. This approach tries to analyse the new relationships among countries through the globalization process and has changed the views of several economists about the behaviour of economic activity. In this approach, services play a...

The main goal of this paper is to determine whether tourism activity stimulates economic growth. The study indicates the main variables affecting tourism activity and shows a feedback effect between income and tourism. Findings indicate that tourism not only supplies necessary funds to finance...

Since franchise business can be an alternative to independent business, it seems interesting to look at those factors that encourage individuals to choose franchise rather than independent business. It is also relevant to consider the role of innovation because it is generally accepted that...