The concept of responsibility is well-known, but its association with tourism and connections with different aspects studied extensively, such as ethics, social responsibility, sustainable development and sustainable tourism, offers multiple research options. The main aim of this article is to...

Investors typically measure an asset’s potential to diversify a portfolio by its correlations with the portfolio’s other assets, but correlation is useful only if it provides a good estimate of how an asset’s returns co-occur cumulatively with the other asset returns over the investor’s...

Essential component of the global economy, tourism industry is in a strong interdependent relationship both with other sectors, as well as with different qualitative components– competitiveness, socio-human and environment issues. Result of the specificity of services, touristic consumption,...

Medical tourism is a growing industry worldwide. Romania has spa treatment facilities that can ensure the development of medical tourism. This article presents a statistical analysis of hand surgery in Romania in 2012. Using adequate quantitative methods we highlight significant differences...

Medical tourism is a growing industry worldwide. Romania has spa treatment facilities that can ensure the development of medical tourism. This article presents a statistical analysis of hand surgery in Romania in 2012. Using adequate quantitative methods we highlight significant differences...

We conduct an innovative analysis of sporting world records by a) using economic instead of sporting determinants and b) by using multivariate stochastic frontier functions. Using data from 48 different disciplines between 1970 and 2014, we show that world records are close to full efficiency...

Sport, as a passive or dynamic activity has an important role in our lives. It has become a social phenomenon. At the same time, the sporting industry represents an “economic phenomenon” generating billions of dollars every year through tickets, sponsorships and TV rights. Tourism is one of...

A geometrical interpretation of multiple regression is proposed. The method is explained within the context of the tourism industry by developing a model for the management of hotels. The paper first explains the technique in non-mathematical terms and is completed with the mathematical proof of...

We conduct an innovative analysis of sporting world records by a) using economic instead of sporting determinants and b) by using multivariate stochastic frontier functions. Using data from 48 different disciplines between 1970 and 2014, we show that world records are close to full efficiency...

A strong and competitive Travel and Tourism (T&T) sector contributes in many ways to the development of a region or an economy. It makes both direct contributions, by raising the national income and improving the balance of payments, and indirect contributions, via its multiplier effect. Tourism...