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Social capital has proven to be a useful concept, but has been ill-defined and not well-measured in the economics literature. We propose a different empirical method for measuring social capital, latent class analysis, based on the idea that social capital is an unobservable multidimensional...
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This study examines the importance of online reviews for price determination in the hotel industry in the pre-pandemic period. The research is conducted for Croatian small open economy with a developed tourism sector. The paper fills the gap in existing literature by using multivariate principal...
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The last two decades have seen a growing concern about rising inequality. In a recent book (2012), Economics Nobel laureate Joseph Stiglitz argues that rising income inequality is one of the main factors underlying the economic and financial crisis in the United States. Wilkinson and Pickett...
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