Asymptotic results for the Fourier estimator of the integrated quarticity

Decisions in Economics and Finance - In this paper, we prove a central limit theorem for an estimator of the integrated quarticity based on Fourier analysis, strictly related to the one proposed in...     

Child Marriage and Female Educational Attainment: A Complex Relationship

Atlantic Economic Journal -     

The dimensions of rural tourism experience: impacts on arousal,memory, and satisfaction

ABSTRACT

Rural tourism is driven by the search for unique and memorable experiences in particular settings, but knowledge on visitors’ experiences in rural destinations is still scarce. This paper analyzes the rural tourism experience of Portuguese tourists who answered an online survey (N = 252). The paper aims at validating, in the rural tourism context, a previously proposed tourist experience scale, and analyzing the relationships between the experience, arousal, memory, and satisfaction. Results reveal that the rural tourism experience dimensions of education and esthetics positively predict rural tourists’ arousal, whereas escapism and esthetics determine memorability. Finally, implications for rural tourism marketing are discussed.     

Big data from dynamic pricing: A smart approach to tourism demand forecasting

Suppliers of tourist services continuously generate big data on ask prices. We suggest using this information, in the form of a price index, to forecast the occupation rates for virtually any time-space frame, provided that there are a sufficient number of decision makers “sharing” their pricing strategies on the web. Our approach guarantees great transparency and replicability, as big data from OTAs do not depend on search interfaces and can facilitate intelligent interactions between the territory and its inhabitants, thus providing a starting point for a smart decision-making process. We show that it is possible to obtain a noticeable increase in the forecasting performance by including the proposed leading indicator (price index) into the set of explanatory variables, even with very simple model specifications. Our findings offer a new research direction in the field of tourism demand forecasting leveraging on big data from the supply side.     

The Individual Poverty Incidence of Growth

The canonical approach to analyse the poverty impact of growth is based on the comparison of poverty before and after growth. Measurement tools endorsing this approach fail to capture the different experiences of poverty dynamic in the population: there can be groups of the population made poorer or non‐poor made poor by growth. We propose an approach that allows measuring this individual poverty incidence of growth and show how it is related with existing models. We apply our framework to evaluate the poverty impact of growth in Indonesia, by comparing the 1993–2000 with the 2000–07 and 2007–14 growth spells.     

Does clean technology weaken the environmental impact on the financial performance? Insight from global oil and gas companies

This study aims to clarify the relationship between environmental performance and financial performance by introducing clean technology as the moderating variable. We contest two major theories, natural resource-based view theory and neoclassical theory, to reveal a comprehensive understanding of environmental performance's impact on financial performance. The hypotheses are tested on 111 global oil and gas companies using dynamic panel generalized method of moments (GMM). Our analysis reveals three key findings. First, lower environmental performance leads to lower financial performance confirming the natural resource-based view theory. Second, clean technology has no significant effect on financial performance, arguing the marginal abatement cost. Finally, our results report that clean technology has no impact on increasing financial performance during high waste spills or high emissions. Theoretical and practical implications resulting from the adoption of clean technology to moderate the environmental impact on financial performance are also discussed.     

Income Tax Adoption and Spatial Diffusion

Atlantic Economic Journal - In recent years, a number of papers have looked at the adoption and diffusion of taxes across national, state, and local governments. Spending pressures, reductions in...     

Taming financial systemic risk: models,instruments and early warning indicators

Journal of Economic Interaction and Coordination -     

Growing a small firm; experiences and managing difficult processes

International Entrepreneurship and Management Journal - Contrary to a simple model of small firm growth where increased inputs produce greater outputs, we consider growth is a complex and difficult...