Behavioural adaptation to climate change among winter alpine tourists: an analysis of tourist motivations and leisure substitutability

Understanding market responses to climate change impacts has important implications for the sustainability of Australia's winter tourism destinations. Utilising a framework incorporating push–pull tourist motivations and the theory of leisure substitutability, this study sought to explore how winter tourists in Australia will adapt to changes in snow cover in Australia's alpine regions under future climate change scenarios. The results of a questionnaire completed by 231 respondents indicated that tourist motivations were related to behavioural adaptation, and that there is a general preference among the current winter market for spatial substitution in the event of poor snow. Those motivated by recreation specialisation or snow-related attributes were likely to opt for spatial substitution, while tourists motivated by self-expression and après ski activities displayed resilience to poor snow conditions. The results demonstrate a clear division between leisure-driven tourists who valued participation in sport, and experience-driven tourists, who displayed higher resilience to reduced snow under projected climate change scenarios. These results have practical implications for winter tourism destinations, both in terms of targeting experience-driven tourists in the case of reduced snow as well as the longer term sustainability and viability of winter tourism destinations.     

The Participation of Children,Adolescents, and Young Adults in Nature-Based Recreation

This investigation considers the participation of children, adolescents and young adults in nature-based recreation. We draw upon the recreation narratives of forty-seven adult recreationists in the activities of tramping, angling, hunting and mountaineering, obtained from in-depth interviews. In particular, the study considers the transitions from childhood through adolescence to young adulthood, and examines how our participants maintained their participation, or alternatively, disengaged from their activity over this period. The paper provides empirical support for the role of family, and early exposure to nature based recreation in fostering enduring participation. Failing this, the role of school, club and outdoor organizational support and mentoring, right through to tertiary study was highlighted. We also identify a critical role for unstructured outdoor play for young children in nature. The paper discusses challenges for this, and for mentoring, in both formal and informal senses, as pathways into nature-based recreation in an increasingly risk averse society.     

The influence of crop insurance agents on coverage choices: The role of agent competition

We examine how competition among crop insurance agents affects coverage choice in the federal crop insurance program. Agents may influence producers’ insurance decisions to maximize their total compensation. We develop a theoretical model of producer–agent interaction to examine how loss potential, agent compensation mechanisms, and market competition affect the coverage level selected. Using crop insurance unit-level datasets from five states, we find evidence that agent market concentration and agents’ market share matter in the insurance coverage decisions of producers but that the economic significance of the influence is relatively small. Agent influence over coverage level, premium, and liability choice is generally positive but inconsistent across states, which may be attributable to differences in loss risk and agent compensation mechanisms.     

Facilitating well-being at the second home: the role of architectural design

Many studies have examined the benefits of second home ownership (here taken to mean those used primarily for the purpose of leisure and recreation rather than investment), and references to such second homes as sanctuaries and places of physical and psychological rejuvenation are common. This is frequently attributed to the physical landscape and natural environment the second home is located in; it is argued that re-connecting with nature has both tangible and intangible therapeutic benefits. However, the significance of the architectural design element of second homes in facilitating a sense of well-being has been overlooked in the literature. Representations of well-being at the second home in an architectural context are examined in this study, through a thematic analysis of second home articles in New Zealand’s first architecture and lifestyle magazine (Home New Zealand) from 1936 to 2015. The paper presents evidence that design elements may enhance benefits for well-being – whether those elements are architect-initiated or in response to a design brief from the owners. Furthermore, through taking a longitudinal approach, the study finds that designing for well-being at the second home has changed over the years, from a focus on physical well-being (health) to increasing emphasis on psychological well-being.     

WINNERS AND LOSERS FROM DOLLAR DEPRECIATION

We examine the relationship between the US current account deficit, the international value of the dollar, and the dollar reserves of foreign central banks. The declining dollar could benefit US savers at the expense of foreign investors in the USA.     

A FRAMEWORK FOR REGIONAL ACCOUNTS: AN AUSTRALIAN PERSPECTIVE

The Australian Bureau of Statistics (ABS) has recently published a set of experimental estimates of gross State product at factor cost and its income components for the States of Australia (1): The regular compilation and publication of the estimates is also commencing. In compiling the estimates, certain conceptual issues were confronted. Others were recognized but have not required final resolution as yet because they are beyond the scope of the estimates presently compiled.
This paper considers the development of a framework for regional accounts for countries with regional characteristics broadly similar to those of the Australian States by starting with the SNA framework that applies at the national Ievel. The difficulties that arise are highlighted and alternative approaches for dealing with specific issues discussed. These alternative approaches can have a significant impact on measured State relativities and performance over time. In some instances the choice between approaches may be narrowed because of practical considerations in the same way that the SNA is a conceptual framework that nevertheless has to take account of practicalities. The issues largely involve consideration as to whether or not to regard certain activities as extra-territorial in nature. If an extra-territorial concept is not adopted choices must be made on how to allocate data items related to such activities by State.     

The Terms of Trade and the International Transfers of Productivity Gains

In international economic relations, when movements of labour are limited and fiscal redistributive policies non-existent, changes in the terms of trade (the ratio between the prices of exports and imports) are the main driving force for the international redistribution of incomes or of productivity gains. The concept of productivity flows linked to price changes can be extended from the interindustry framework to deal with international relations bringing some new insights into the terms of trade issues. The paper develops a conceptual framework for the computation of international flows of productivity gains, taking into consideration the role of exchange rates and the meaning of Purchasing Power Parities. It is completed by a set of computations on Swiss relations with the rest of the world.