0000000000075725
AUTHOR
José-ramón Ruiz-tamarit
The devil is in the details : Capital stock estimation and aggregate productivity growth : an application to the Spanish economy
The variables that contribute to explaining the major puzzles and paradoxes in macroeconomics and economic growth literature always appear related, directly or indirectly, to capital stock and depreciation. Depreciation defined in a narrow sense refers only to physical wear and tear, but in a broader sense, it also includes economic deterioration and obsolescence. In this study, we explore the link between these two depreciation concepts, the capital deepening and total factor productivity (TFP) growth. We propose a double growth accounting framework that allows us to establish a relationship between variables in statistical terms and variables in economic terms. Then, with Spanish data for…
Supplemental Material - Tourist choice, competitive tourism markets and the effect of a tourist tax on producers revenues
Supplementary Material for Tourist choice, competitive tourism markets and the effect of a tourist tax on producers revenues by Asensi Descals-Tormo and José-Ramón Ruiz-Tamarit in Tourism Economics.
Tourist choice, competitive tourism markets and the effect of a tourist tax on producers revenues
We propose a model for the tourism sector assuming basically two markets, one for tourist services and the other for accommodation. These sub-markets are considered as separate but interrelated. The nature of the feedback is determined by a vertical complementarity between tourist services and lodging. We obtain the optimal solution of the tourist choice problem, the primary demand for tourist services and the derived demand for overnight stays. Then, we focus on the equilibrium outcomes assuming perfectly competitive tourism markets. We do not address the externalities caused by tourism activities. Consequently, we move away from efficiency by introducing a tax on overnight stays and insp…