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on Tourism Economics |
| By: | Emanuele Breda (Bank of Italy); Giacomo Oddo (Bank of Italy) |
| Abstract: | This paper estimates the elasticities of Italy’s foreign tourism demand to relative prices, nominal and real exchange rates using a dataset for tourism flows to Italy (and its macro-regions) over the period 1997-2015. By separating total tourism expenditure into the number of arrivals and per-capita expenditure, the effect of each explanatory variable can be divided into an extensive and an intensive margin. This disaggregation helps to clarify the reasons behind the mixed evidence found in the literature and offers a richer interpretation of elasticities. We find that the elasticities of tourism expenditure to relative prices and to nominal and real exchange rates are negative and range from -0.5 to -0.7, in line with previous results found in the literature. The effect on expenditure is channelled mainly via the extensive margin (i.e. the number of arrivals). Southern Italy shows higher price elasticities than the rest of the country, signalling a higher exposure to the competitive pressures from other Mediterranean destinations. |
| Keywords: | international tourism, demand elasticity |
| JEL: | F14 L83 |
| Date: | 2019–01 |
| URL: | http://d.repec.org/n?u=RePEc:bdi:opques:qef_482_19&r=all |
| By: | Stiubea, Elena |
| Abstract: | Abstract: The sharing economy is a phenomenon that has emerged in the recent years as a response to the technology development, the changing of the peoples' consumption habits, and environmental changes in terms of sustainability. This new economy model has had a rapid rise and has all the chances of becoming the economy that prevails on the market in the coming years. The new economic model has a market orientation and generates new business, new jobs, and growth in economy and income sources. The collaborative economy has also made its mark on the tourism. If the tourist services have been only traditionally provided a few years ago, there has recently been a new tendency in this area, namely to share goods/services. It is important to remember that this type of economy creates values such as trust, transparency, authenticity, and mutual help. This article attempts to highlight how the collaborative economy has put its footprint on the tourism, what are the challenges, benefits and impediments to such an economy. |
| Keywords: | sharing economy; tourism; competitiveness; regulations; challenge |
| JEL: | L83 |
| Date: | 2018–12–17 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:92100&r=all |
| By: | Maryna Tverdostup; Tiiu Paas |
| Abstract: | The study aims to assess productivity and efficiency of selected blue economy sectors in two neighbouring countries: Estonia and Finland. The analysis relies on the Amadeus database for both countries, implementing Data Envelopment Analysis (DEA) and calculating partial productivity measures. The results of the study show that, on average, blue sectors report high performance indicators in coastal regions of the countries, the only exceptions being the tourism and bio and subsea activities sectors in Estonia and marine (cargo) transportation in Finland. The common pattern of imperfectly efficient blue sectors in both countries is a substantial excess of fixed assets, which convey extra costs for business activities and, to some extent, generate excessive environmental pressures. The special nature of a shared blue economic area of Estonia and Finland stipulates close cross-border cooperation as a major tool to improve performance of the imperfectly efficient sectors through shared “best practice” operations, technologies and infrastructures. However, the lack of appropriate cross-border statistical data restricts analytical opportunities and development of policy recommendations. |
| Keywords: | blue economy, economic performance analysis, cross-border statistics |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:mtk:febawb:115&r=all |