Book Reviews

Brun, Jacques and Catherine Rhein (eds.) La ségrégation dans la ville: concepts et mesures Smith, Michael Peter and Joe R. Feagin (eds.) The bubbling cauldron: race, ethnicity and the urban crisis MacShane, Clay (ed.) Down the asphalt path: the automobile and the American city McAndrew, John P. Urban usurpation — from friar estates to industrial estates in a Philippine hinterland     

A theoretical model of mobile augmented reality acceptance in urban heritage tourism

Latest mobile technologies have revolutionized the way people experience their environment. Recent research explored the opportunities of using augmented reality (AR) in order to enhance user experience; however, there is only limited research on users’ acceptance of AR in the tourism context. The technology acceptance model is the predominant theory for researching technology acceptance. Previous researchers used the approach of proposing external dimensions based on the secondary literature; however, they missed the opportunity to integrate context-specific dimensions. This paper therefore aims to propose an AR acceptance model in the context of urban heritage tourism. Five focus groups, with young British female tourists visiting Dublin and experiencing a mobile AR application, were conducted. The data were analysed using thematic analysis and revealed seven dimensions that should be incorporated into AR acceptance research, including information quality, system quality, costs of use, recommendations, personal innovativeness and risk as well as facilitating conditions.     

Enhancing art gallery visitors’ learning experience using wearable augmented reality: generic learning outcomes perspective

The potential of Information and Communication Technology-enhanced visitor learning experience is increasing with the advancement of new and emerging technologies in art gallery settings. However, studies on the visitor learning experience using wearable devices, and in particular, those investigating the effects of wearable augmented reality on the learning experience within cultural heritage tourism attractions are limited. Using the generic learning outcomes framework, this study aims to assess how the wearable augmented reality application enhances visitor’s learning experiences. Forty-four volunteers who were visiting an art gallery were divided into two groups, an experimental group and a control group. Following their visit to the gallery, the volunteers, who had and had not used wearable computing equipment, were interviewed, and the data were analysed using thematic analysis. Findings revealed that the wearable augmented reality application helps visitors to see connections between paintings and personalize their learning experience. However, there are some drawbacks such as lack of visitor–visitor engagement and the social acceptability.     

User experience model for augmented reality applications in urban heritage tourism

While Augmented Reality (AR) is increasingly being implemented across a number of industry sectors, an open issue remains over the emotional as well as experiential impacts of this new technology within urban cultural heritage tourism. Therefore, the purpose of this study is to create a tourist experience model for AR tourism applications in the context of urban heritage tourism. The data were collected through five focus groups with a total of 49 participants. A theoretical tourist experience model was generated using Hassenzahl’s [(2003). The thing and I: understanding the relationship between user and product. In M. A. Blythe, K. Overbeeke, A. F. Monk & P. C. Wright (Eds.), Funology (pp. 31–42). Dordrecht: Kluwer Academic Publishers] model of user experience. Hassenzahl's (2003) model relies on the basic idea that product characteristics and features have an effect on the actual consequences. The data were analysed using thematic analysis in order to examine the alignment of themes according to previously identified themes from the literature as well as investigate new emergent themes from the focus groups. This study extends the theoretical aspect of the user experience model by Hassenzahl (2003) through empirical confirmation. The findings reveal that the user experience is formed by the correlation of product features and the perceptions and experiences of tourists. Due to the fact that successful implementation use cases of mobile AR applications is still limited, particularly within the tourism industry, the establishment of a comprehensive set of factors has been considered to be crucial for successful implementation.     

Childbirth and poverty in Europe: A dynamic bivariate approach

We use the 2015–2018 European Union Statistics on Income and Living Conditions panel data and a dynamic bivariate probit model to estimate the impact of childbirth on the risk of poverty in 25 European countries. We model both poverty and childbirth mechanisms, identifying genuine state dependence and accounting for feedback effects from past poverty to childbirth. We find that childbirth slightly increases the risk of poverty in Europe, but some heterogeneities emerge at the country level. When disentangling the effects of childbirth conditional on past poverty status, it appears that childbirth determines redistributive effects possibly induced by welfare systems. We find evidence of genuine state dependence and suggests that discouraging factors induced by the experience of poverty itself has increased over time. The risk of poverty is triggered by the presence of dependent members in the household, while education and employment stability are helpful to combat poverty.     

HUMAN CAPITAL AND URBAN GROWTH IN ITALY, 1981–2001

Over the last decades of the XX century, human capital has emerged as a critical source of agglomeration economies fueling urban growth in advanced economies. Focusing on the Italian case, this paper assesses the contribution of human capital to urban growth, the latter gauged by employment growth between 1981 and 2001. A 10% higher share of college‐educated residents prompted a higher growth in employment in the 0.5–2.2% range. These results hold controlling for a wide set of urban characteristics and using an instrumental variable approach. By exploiting a spatial localization model, we disentangle the estimated effect into two components related to higher productivity and to higher life quality, respectively. We found that the former contributed to more than 60% of the effect at municipal level, and to over 90% at the wider local labor market level.     

Exchange rate fluctuations and quality composition of exports: Evidence from Swiss product-level data

This paper studies the relationship between exchange rate movements and the average export quality using disaggregated Swiss product-level data between 1996 and 2015. We find evidence at different levels of aggregation that the average export quality increases in response to a currency appreciation through compositional effects: currency appreciations shift market shares towards goods that are more expensive and of higher quality. This exchange rate effect on quality is more pronounced for differentiated goods and in sectors with a greater scope for quality differentiation. From a policy perspective, this reallocation effect points to the importance of facilitating structural changes in the export composition to increase the resilience of the export sector to exchange rate shocks. Our results also suggest a positive relationship between the average export quality and aggregate export sales. From a methodological point of view, the findings imply that exchange rate pass-through estimations without quality controls tend to be biased regardless of aggregation level or type of data.     

Pyramids of Trust: Social Embeddedness and Political Culture in Two Italian Gold Jewelry Districts

This article demonstrates the usefulness of the notion of embeddednessto the historical study of Italian industrial districts of smallfirms and of local economic change more generally. The developmentof gold jewelry production in two Italian towns, Valenza Poand Arezzo, shows that vertical disintegration was enabled bythe creation of networks of heterogeneous social relations.In both towns, social and political ties led to the creationof institutions of collective governance, which in turn produceda workable level of trust between economic actors. The productionof trust, however, never ceased to be a contentious process,endowed with multiple and often contradictory meanings embeddedin specific networks and contexts, ranging from collective projectsof modernization in Valenza Po to the cementing of a secretiveinformal economy in Arezzo. The embeddedness approach to economicaction is superior both to the communitarian arguments of muchof the literature on the Italian industrial districts and totransaction-cost theories, which tend to view institutions ininstrumental and functionalist ways.     

Forced Saving,Redistribution, and Nonlinear Social Security Schemes

This paper studies the design of nonlinear social security schemes when individuals differ in productivity and in their degree of myopia. Myopic individuals may not save “enough” for their retirement. The welfare function is paternalistic: The rate of time preference of the farsighted is used for both types. We show that the solution does not necessarily imply forced savings for the myopics: Paternalistic considerations are mitigated by incentive effects. Numerical results suggest that as the proportion of myopic individuals increases, there is less redistribution and more forced saving, and the desirability of social security increases.     

A realized volatility approach to option pricing with continuous and jump variance components

Decisions in Economics and Finance - Stochastic and time-varying volatility models typically fail to correctly price out-of-the-money put options at short maturity. We extend realized volatility...