- Breaking the Circular Flow: A Dynamic Programming Approach to Schumpeter -- A Review in Campaigns: Going Positive and Negative -- Comments on Lattice Structures and Deferred Acceptance Algorithm -- Externalities, Optimal Subsidy and Growth -- The Fractal Nature of Bitcoin: Evidence From...

This paper studies the impacts on economic growth of a small tourism driven economy caused by an increase in the growth rate of international tourism demand. We present a formal model and empirical evidence.The ingredients of the dynamic model are a large population of intertemporally optimizing...

Cruise tourism generates an estimated $18 billion a year in passenger expenditure and has been the fastest growing sector of the travel industry for the past twenty years with an average annual growth rate of passengers of 7.4%. It has increased at almost twice the rate of growth of tourism...

In this paper we study the dynamics of economic growth for 140 countries during the period 1951-2003. The variables representing economic performance are levels and growth rates of per capita GDP. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths...