nep-tur New Economics Papers
on All new papers
Issue of 2014‒09‒08
three papers chosen by
Laura Vici
Università di Bologna

  1. Economic Dynamics of Tourism in Nepal: A VECM Approach By GAUTAM, BISHNU PRASAD
  2. "Will Tourism Save Greece?" By Dimitri B. Papadimitriou; Michalis Nikiforos; Gennaro Zezza
  3. Fidélisation et fidélité dans l’hôtellerie : une comparaison franco-slovaque By Lubica Hikkerova; Pierre-Charles Pupion; Jean-Michel Sahut

    Abstract: Tourism has been growing in Nepal. Tourism creates various direct, indirect and induced effects in the economy. This paper is designed to examine the role of tourism development on economic growth in Nepal. The study is based on annual data of gross domestic product, foreign exchange earnings from tourism and real effective exchange rate for the period spanning from 1975 to 2013. It examines the causality and long-run relationships between economic growth and Tourism development in Nepal using co-integration techniques and a Vector Error Correction Model (VECM). The evidence confirms that tourism development causes economic growth in short run in Nepal. The result also indicates the causality runs from both sides i.e. tourism development to economic growth and economic expansion to tourism growth implying for the greater efforts to encourage both the activities in the economy.
    Keywords: Contribution of tourism, Economic dynamics, Foreign exchange earnings, tourism development, Tourism-led-growth hypothesis, Nepal
    JEL: C13 F21 L83 O47
    Date: 2014–01–01
  2. By: Dimitri B. Papadimitriou; Michalis Nikiforos; Gennaro Zezza
    Abstract: What are the prospects for economic recovery if Greece continues to follow the troika strategy of fiscal austerity and internal devaluation, with the aim of increasing competitiveness and thus net exports? Our latest strategic analysis indicates that the unprecedented decline in real and nominal wages may take a long time to exert its effects on trade--if at all--while the impact of lower prices on tourism will not generate sufficient revenue from abroad to meet the targets for a surplus in the current account that outweighs fiscal austerity. The bottom line: a shift in the fiscal policy stance, toward lower taxation and job creation, is urgently needed.
    Date: 2014–08
  3. By: Lubica Hikkerova; Pierre-Charles Pupion; Jean-Michel Sahut
    Abstract: The development of competition in the tourism sector questioned the impact of loyalty programs hotels. Taking commitment and confidence as mediated variable we try to highlight factors loyalty. Conducting a comparative study in France and Slovakia we try to determine how and to what extent loyalty programs fail to act on customer loyalty.
    Keywords: loyalty, commitment, trust, loyalty program, hotel
    Date: 2014–08–29

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