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A Dynamic Model of Economic Growth in a Small Tourism Driven Economy

Schubert, Stefan Franz - 2014

The paper studies the dynamics of economic growth caused by an increase in the growth rate of tourism demand.We develop … a simple dynamic model of a small open economy, which is completely specialized in the production of tourism services … imported good. Tourism services are produced by means of a simple AK technology by using imported capital, its accumulation …

Persistent link: https://www.econbiz.de/10013071098

What if all countries were actually in the same boat? : a comparison of countries' vulnerability based on Markov Switching Models

Vannier, Brendan - 2016

This article aims at assessing the main characteristics of the business cycle of 80 developed and developing countries. By comparing the possibility for these economies to enter or to exit a recession and the associated consequences, it aims at complementing existing literature with regard to...

Persistent link: https://www.econbiz.de/10011446268

Skill intensity in foreign trade and economic growth

Wörz, Julia - 2004

This paper explores the link between trade structure, trade specialization and per capita incomegrowth. It is argued that industrial upgrading in export specialization patterns has a positive long-rungrowth effect, while the effect of structural change in industrial import patterns is in...

Persistent link: https://www.econbiz.de/10011335211

On determinants of the economic growth of European countries during 2005-2015

Mazurek, Jiří - In: Comparative economic research : Central and Eastern Europe 20 (2017) 2, pp. 21-33

The aim of the paper is to examine the economic growth of 32 European countries from 2005 to 2015. This period was characterized by a strong growth prior to 2009, when the Great Recession started, and lasted until 2012-2013 in the majority of examined countries. The growth between 2005 and 2015...

Persistent link: https://www.econbiz.de/10011869942

The KOF Globalisation Index - revisited

Gygli, Savina; Haelg, Florian; Sturm, Jan-Egbert - 2018

In this paper we present and describe the revised version of the KOF Globalisation Index, a composite index measuring globalisation for every country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006) and updated in Dreher et al....

Persistent link: https://www.econbiz.de/10011847841

Global competitiveness and economic growth : a one-way or two-way relationship?

Kordalska, Aleksandra; Olczyk, Magdalena - 2015

The Global Competitiveness Index is treated as a standard to measure the competitiveness of countries. Leaders look at it to make policy and resource allocation decisions because global competitiveness is expected to be related to economic growth. However, studies which analyze the empirical...

Persistent link: https://www.econbiz.de/10012026347

Dimensions of Globalization and Their Effects on Economic Growth and Human Development Index

De, U. K.; Pal, Manoranjan - 2014

The globalisation is supposed to reduce regional inequality, poverty and promote sustainability and improve overall human quality. Several studies have provided contradictory results in regard to the effect of globalisation, either in case of growth of GDP, or reduction in inequality and poverty...

Persistent link: https://www.econbiz.de/10014182773

Prospects and Limits of Tourism-Led Growth : The International Evidence

Adamou, Adamos; Clerides, Sofronis - 2014

We investigate the relationship between tourism specialization and economic growth. We deviate from previous studies … - which have reported mixed evidence - by allowing the relationship to take a nonlinear form. We nd that tourism … diminishing returns set in and tourism's contribution becomes minimal. The policy lesson is that there is promise for tourism …

Persistent link: https://www.econbiz.de/10014202089

Non-Linearities in Specialization and Growth

De Benedictis, Luca; Gallegati, Marco; Tamberi, Massimo - 2005

This paper investigates the link between overall specialization and growth, analyzing the shape of the relationship between the median of the sectoral distribution of the Balassa Index, our summary measure of overall specialization, and the level of per capita income. The median of the Balassa...

Persistent link: https://www.econbiz.de/10014083134

Does Globalization Affect Growth?

Dreher, Axel - 2014

The paper presents an index of globalization covering its three main dimensions: Economic integration, social integration, and political integration. Using panel data for 123 countries in 1970-2000 the effects of the overall index of globalization as well as sub-indexes constructed to measure...

Persistent link: https://www.econbiz.de/10014103182