nep-tur New Economics Papers
on Tourism Economics
Issue of 2019‒09‒02
three papers chosen by
Laura Vici
Università di Bologna

  1. The Crumbling of Francoist Spain’s Isolationism Thanks to Foreign Currency Brought by European Tourists in the Early Years of the Golden Age By Cirer Costa, Joan Carles
  2. The Impacts of Oil Price Shocks on Tourism Receipts For Selected Mena Countries: Do Structural Breaks Matter? By Khalid M. Kisswani; Amjad M. Kisswani; Arezou Harraf
  3. Lean management in the Hotel sector ? Opportunities and Threats By Fruzsina Magda Pankotay; László Koloszár

  1. By: Cirer Costa, Joan Carles
    Abstract: The ‘Golden Age’ refers to an era of rapid economic growth which led to dramatic changes within European society. The steady rise in income coupled with recently introduced paid holidays encouraged the new middle classes to emulate the lifestyle of the glamorous and privileged trendsetters of the Belle Époque and the 1920s. The outward trappings of this included the purchase of a car and annual holidays in the Mediterranean, amounting in the 1950s to a sort of yearly pilgrimage. In the Balearic Islands and the Costa Brava an ample tourist sector flourished against a political background that was essentially in opposition to it – the autarchic stage of the Franco regime. Tourism, in the end, became one of the determining factors which provoked radical changes to this regime, leading eventually to complete abandonment of its militant isolationism.
    Keywords: Golden Age, late development, tourism, Spain, francoism, autarchic period, social change
    JEL: L8 L83 N7 N74 O17
    Date: 2019–08–15
  2. By: Khalid M. Kisswani (Department of Economics and Finance, Gulf University); Amjad M. Kisswani (Department of Workforce Development and Organizational Leadership, University of Nevada-Las Vegas); Arezou Harraf (Department of Business administration, Box Hill College)
    Abstract: One of the short comings in the tourism literature is that research on the oil price-tourism receipts nexus is limited. However, the available studies, to the best of our knowledge, provide limited evidence on the negative effect of oil prices on tourism receipts. Nevertheless, the related literature did not consider the structural breaks in the analysis, which proven to be important in the empirical work. As such, in this paper, we study the oil price-tourism receipts nexus for selected MENA countries in the presence of structural breaks. This is done by adopting the autoregressive distributed lags (ARDL) bounds test and incorporating the structural breaks. The findings show that the bounds test provide evidence of a long-run relationship between tourism receipts and oil prices after integrating structural breaks into the ARDL model for most countries.
    Date: 2019–08–21
  3. By: Fruzsina Magda Pankotay (University of Sopron Alexandre Lamfalussy Faculty of Economics); László Koloszár (University of Sopron Alexandre Lamfalussy Faculty of Economics)
    Abstract: The lean concept has been identified with large companies, serial production, and the automotive industry. The approach is growing in popularity and the SME sector is increasingly using it. It is also gaining ground in the service sector. An ever-accelerating world does not always provide opportunities for understanding the principles of lean prior its introduction; consequently, the expected results rarely materialize. During my research in the service industry SME, the in-depth interviews, questionnaire queries, and on-site crawls (gemba walks) I have completed confirmed the existence of an illusory lean that originates from a misinterpretation of the principles. Lean is used as a tool and not as a philosophy. For this reason, it does not bring the expected results. Through hotel industry examples in my research, I present the development possibilities of the process and the potential dangers of misinterpreting lean use.
    Keywords: management, lean, SMEs, Hotel
    JEL: M11 L83
    Date: 2019–07

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