This paper investigates how Italian labour market institutions influence business cycle fluctuations. We apply a DSGE model that features Italian labour market rigidities and we estimate the latter on Italian data using Bayesian techniques to assess the effects of demand, supply, and labour...

The paper analyzes the dynamic effects of a total factor productivity shock and an interest rate risk premium shock in a highly indebted open economy. In contrast to the standard open economy framework, search unemployment and wage bargaining are introduced. We find that a negative total factor...

Our study examines the behavior of a risk-averse investor who faces two sources of uncertainty: a random asset price and inflation risk. Both sources of uncertainty make it difficult to stabilize consumption over time. However, investors can enter risk-sharing markets, such as futures markets,...

Purpose: Despite second homes having been extensively studied in the tourism area during the last two decades, there is a lack of updated review. This work presents a systematic literature review and a revision of the main issues studied. Methods: The document begins with a discussion about...

Purpose: The purpose of this study is to explain the determinants of the degree of visit satisfaction to the Guanajuato Mummies Museum. The study contributes to the literature related to perceptions and attitudes of museum visitors, by identifying what factors explain the satisfaction with the...

This study analyse the technical efficiency in terms of innovation of the firms in the service sector in the Uruguayan economy. Therefore, we use data from the 2010-2012 Innovation Activities Survey of the National Agency for Research and Innovation (ANII). In a first stage, we estimate the...

This paper investigates residents' preferences of investment in cruise tourism, taking its externalities into full account. The research involved data collection in the port of call of Messina (Sicily, Italy), during the peak cruise season in 2011. A mixed generalized ordered logit analysis,...

This paper investigates residents' preferences towards cruise tourism investment in their home port. The research uses data collected during the peak cruise season in 2011 at Messina, a port of call in Sicily, Italy. A generalized ordered logit analysis is run to analyse what factors influence...

This paper studies the regional convergence of sub-national states in the case of Mercosur from 1961 to 2005 by using a non-parametric technique of clustering under the concept of \regime of performance". In the first section, a review in interregional convergence is shown for the Mercosur case....

This paper introduces the use of graphs in the analysis of the determinants of tourists' expenditure, providing an alternative approach to the methods usually employed. Graph-based analysis is applied to study the behavior of cruise passengers arriving at the ports of Montevideo and Punta del...