An evaluation of the potential to develop inbound Japanese tourism to Northeast Scotland using the Thomas Blake Glover connection

This research explores the strength of the potential niche market associated with the Japanese's connection to Thomas Blake Glover. The study involved research to ascertain whether there is sufficient demand in Japan to sustain a heritage attraction or trail built up around Blake Glover in Northeast Scotland, as a means to counteract the decline of primary sector industries in the area. More specifically, the research set out to identify strategies to optimise the Blake Glover connection as a resource for Northeast Scotland. The research also highlights issues of significance to the wider Scottish tourism product in terms of attempting to attract the Japanese market to Scotland. Copyright © 2009 John Wiley & Sons, Ltd.     

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Managing Health Boards: The Difference That Women Could Make

This article looks at women's representation on trust boards and health boards in Scotland. Women are out-numbered by two to one on boards, but there is a more worrying pattern in terms of the type of posts held by women—there are four chairmen of boards for every chairwoman, and chief executives are 14 times more likely to be male. The authors show that this under-representation of women is denying the health service access to a huge reserve of talent and skills.     

Social values and the limits to growth

This paper deals with the value aspects of the limits to growth problems. A holistic view of the concepts influencing people's lifestyles, including their social values, are presented. The materialistic, growth oriented lifestyles dominating the U.S. and other highly industrialized nations are analyzed, and the underlying needs and social values presented. Also alternative, less materialistic values are shown to indicate the direction of desirable value changes. How these changes could be accomplished is illustrated in the way a value set of an individual is created through socialization. The authors conclude that the early childhood plays an essential role in achieving the changes, but also that no one need sit back passively and just wait for changes to come along.     

Inflation Developments in the Euro Area Since the Onset of the Pandemic

There is hope that the Russian war on Ukraine could expedite the energy transition in Europe leading to a new and more environmentally sustainable steady state.

     

Sudden crash or long torture: The timing of market reactions to operational loss events

An emerging literature investigating market responses to operational loss announcements concludes that financial markets tend usually to overreact to loss events. This overreaction is commonly interpreted as reputational damage. We revisit this issue by focusing on the timing of markets’ reactions and highlight two variables: the start and the speed of stock markets’ responses. It appears that when operational losses are caused by internal fraud the negative market reaction materializes earlier and faster. Industry sectors and prevailing market conditions influence the timing of market reactions as well. Our empirical findings reveal moreover that a higher initial grading of the company is associated with a later stock market reaction to the announcement. While the relative magnitude and the length of markets’ overreactions is positively correlated to the concomitant downgrading our study shows that overreaction magnitudes are also strongly correlated to our estimate of the total duration of the reaction.     

The impact of extreme weather events on budget balances

This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges between 0.23% and 1.4% of GDP depending on the country group. Developing countries face a much larger effect on changes in budget balances following an extreme weather event than advanced economies. Based on these findings, our policy conclusions point to the enhanced need to reach and maintain sound fiscal positions given that climate change is expected to cause an increase in the frequency and severity of extreme weather events.