Optimizing or maximizing growth? A challenge for sustainable tourism

Virtually all destinations seek to increase tourist numbers, pursuing economic maximization strategies. Considerably less attention is paid to optimizing existing tourist systems to create more profitable, stable, resilient and potentially more sustainable entities. While aspects of tourist expenditure, average length of stay and seasonality as three key destination management variables have received considerable attention in the literature, focus has usually been on the identification of “profitable” tourism markets by considering observed patterns of spending, length of stay and vacation timing. Building on such earlier studies, this paper focuses on flexibilities in these parameters: could tourists have spent more, stayed longer or visited during a different season? Perceptions of destination expensiveness as a potential deterrent to visitation were also addressed. Based on a sample (n = 1914) of domestic and international tourists in the Swedish cities of Kalmar and Stockholm, data were collected in face-to-face interviews using questionnaires. Results indicate considerable potential to optimize the Swedish tourism system with regard to all variables studied, while also providing new insights for destination management in the context of economic resilience. Results also indicate the need for researchers everywhere to have detailed market knowledge if they are to persuade the industry to change its sustainability behavior.     

On the validity and reliability of self-reported vote: validity without reliability?

Data from seven Swedish election study panels, 1973-1994, were analyzed to assess simultaneously the validity and reliability of self-reported vote. Eight categories were created, based on self-report at Time 1, an external check, and self-report at Time 2. Overall the validity and reliability of this measure were quite high. However, the cases in which the measure was valid but not reliable outnumbered those in which it was reliable but not valid. Subsequent turnout behavior was most strongly predicted by what people had done previously, but the two self-report measures were also significant predictors in the regression analysis. The eight categories were then compared on a series of demographic and political variables.     

Effective patent life of drugs in Sweden—a comparison with international studies

The effective patent life of all pharmaceutical New Chemical Entities registered in Sweden was investigated for the period 1965-88. Three-year moving average effective patent life was 12.3 years in the beginning of the period, while by the end of the period it had decreased to 8.3 years. If we exclude the increase in the nominal patent term which accompanied Sweden's entry into the European Patent Convention, the effective patent life decreases over the period by over 3 months per year. This coincides with the results of similar studies in other countries. If European research-oriented Pharmaceuticals companies are to maintain their international long-term competitiveness, patent term restoration measures appear to be urgently needed.     

FOREIGN CAPITAL AND EFFICIENCY IN DEVELOPING COUNTRIES

This paper uses stochastic frontier methodology to analyse foreign direct investment, imported capital goods and human capital as channels for increased efficiency in less‐developed countries. Empirical investigation reveals that developing countries differ with respect to the efficiency with which they use frontier technology. Foreign direct investment and human capital play a significant and quantitatively important role in explaining these differences.     

NON‐LINEAR PRICING AND EQUALITY OF OPPORTUNITY

This paper investigates non‐linear pricing schedules that are based on Roemer's equality of opportunity (EOp) criterion, and compare them with the maximin and the utilitarian non‐linear pricing schedules. The main results suggest that the EOp policy offers a reasonable compromise between the maximin and the utilitarian policies in the sense that: (1) the consumption for each individual is highest under the utilitarian policy and lowest under the maximin policy, and (2) the individuals in the extreme positions rank the EOp policies between the maximin and the utilitarian policy in terms of utility level.     

Measuring Price Effects of Concentration in Mixed Oligopoly: An Application to the Swedish Beef-slaughter Industry

Empirical studies of market power focus exclusively on industries with private firms. Yet, it is not uncommon to find private firms competing with public firms or cooperatives (coops) within the same market. We develop an empirical procedure for measuring market-power and cost-efficiency effects of concentration in mixed oligopoly consisting of coops and investment-owned firms (IOF) and apply the procedure to the Swedish beef-slaughter industry. We find that the cost-efficiency effect of coop concentration more than offset its market power effect, resulting lower beef prices. IOFs are found to be price-takers in both cattle procurement and beef sales.      

Impacts of the Productive Safety Net Program in Ethiopia on livestock and tree holdings of rural households

We evaluated the impacts of the Ethiopian Productive Safety Net Program (PSNP) on rural households' holdings of livestock and forest assets/trees. We found no indication that participation in PSNP induces households to disinvest in livestock or trees. In fact, households that participated in the program increased the number of trees planted, but there was no increase in their livestock holdings. We found no strong evidence that the PSNP protects livestock in times of shock. Shocks appear to lead households to disinvest in livestock, but not in trees. Our results suggest that there is increased forestry activity as a result of PSNP, and that improved credit access encourages households to increase their livestock holdings.     

芬兰明珠拉彭兰塔市

TheCityofLappeenrantahasalonghistoryasaniagnetfortourists,thegatewaytotheuniquelybeautifullakedistrictofEasternFinland.Nowadays,withnearly60,000inhabitantsLappeenrantaisamodernindustrial,administrativeandeducationalcentreoftheSouthKarelianRegion.Lappeenra…     

A fundamental asymmetry of asymmetric shocks

A simple N-country specific-factor-type model with imperfectly mobile labour is developed. It is shown that the effects of country-specific productivity shocks hitting a small country have fundamentally asymmetric effects: A positive shock will be accommodated by a moderate wage increase and sizeable in-migration, whereas a negative shock will be accommodated by a significant decrease in wages and moderate out-migration. It is argued that the results of the model are consistent with the recent Irish experience. The welfare effects of small economic fluctuations are also discussed.