Short-term Perturbations and Tourism Effects: The Case of SARS in China

The 2003 SARS epidemic created a significant negative impact on tourism development in China. This paper reviews the effects on tourism of different short-term crises, analyses the effects of SARS and explores the possibility of tourism businesses being buffered from such short-term crisis and the possible new motivations derived from the crisis. Tourism’s lack of resistance but high resilience to short term crises provides tourism and regional planning challenges. These characteristics suggest diversification and partnerships can minimise community vulnerability to crises and rapid economic recovery is possible based on tourism’s resilient nature.     

Toepassing van de wet van Pareto op de lage inkomens

Summary Pareto’s Law may be applied only to the upper 50 per cent. of the incomes. In order to render it also applicable to the lower 50 per cent., the cumuled per cents. of the income recipients in this range must be calculated from poorest to richest. This can be established by making an examination of empirical material, and by comparing the log-log. scale with the log-normal distribution. The 10 per cent. highest incomes are higher, and the 10 per cent. lowest lower, than would follow from a log-normal distribution. Here, special factors are apparently exerting an influence upon the income distribution. The deviations from the log-normal distribution and the dispersion within this distribution are characteristic of a certain income distribution and are, therefore, important.     

An efficient graph-based peer selection method for financial statements

Comparing companies can be useful for various purposes. Despite the widespread use of industry classification systems as a peer selection standard, these have been criticized for various reasons. Financial statements, however, offer a promising alternative to such classification systems. They are standardized, widely available, and offer deep insights into the nature of the company. In this paper, we present a graph distance metric for financial statements using the earth mover's distance. When using the distance metric on real-world tasks such as peer identification and industry classification, it shows promising results in terms of accuracy and computational efficiency.     

A higher-order model of community resilience potential: development and assessment through confirmatory composite analysis based on partial least squares

Quality & Quantity - The topic of community resilience attracts as much academic research as it does social media. Understanding the drivers of change and community adaptation in the face of...     

Growth and employment effects of fiscal regimes

This paper presents an endogenous growth model with firms exhibitingexternal or internal increasing returns. Firms are either perfectlyor monopolistically competitive. The paper extends fiscal policyresults, to cases where innovations are intentionally generatedby firms. To provide quantitative information, the model iscalibrated to replicate EU7 aggregate data. The theoreticalresults indicate that distortionary taxes have strong negativeeffects on growth and employment and they tend to increase withthe degree of private returns. However, the quantitative resultsturn out to be fairly robust with respect to alternative assumptionson the degree of internal increasing returns made in the processof calibrating the model.