Search results for " Impact."
showing 10 items of 1051 documents
Residents' perceptions of the economic impact of sports tourism. Differences according to the geographical location of the town
2018
Sports tourism has become a major tourist draw in recent decades. People are increasingly in favour of hosting such activities, given the many benefits it can bring to the community. The economic impact of such events is known but not the perceptions that residents have about this type of impact. Researchers also highlight the differences that the populations may have according to the geographical area where they are located and their influence on sports tourism activities. Therefore, the aim of the study is to investigate residents' perceptions of the economic impact of sports tourism according to the population of residence, differentiating between rural, urban and coastal populations. A …
Impact of COVID-19 on the travel and tourism industry.
2021
Abstract Our paper is among the first to measure the potential effects of the COVID-19 pandemic on the tourism industry. Using panel structural vector auto-regression (PSVAR) (Pedroni, 2013) on data from 1995 to 2019 in 185 countries and system dynamic modeling (real-time data parameters connected to COVID-19), we estimate the impact of the pandemic crisis on the tourism industry worldwide. Past pandemic crises operated mostly through idiosyncratic shocks' channels, exposing domestic tourism sectors to large adverse shocks. Once domestic shocks perished (zero infection cases), inbound arrivals revived immediately. The COVID-19 pandemic, however, is different; and recovery of the tourism ind…
Travel and Tourism as a Driver of Economic Recovery
2013
Abstract Nowadays countries are trying to overcome the adverse effects of this crisis but have failed to recover their positions due to severe recession and worsening economic conditions. Tourism can be one of the pillars that should be supported by governments around the world as part of the solution to stimulate economic growth. The paper examines the economic impact of tourism industry worldwide and with a focus to Romania. It also advances some solutions for the design of a more effective and efficient policy framework in order to take a proactive stance in tailoring policies and development of the tourism sector.
Life cycle assessment of low temperature asphalt mixtures for road pavement surfaces: A comparative analysis
2018
The increasing fuel consumption demand, the accelerated pressure imposed by the depletion of 5 scarce raw materials and the urgent environmental protection requirements are forcing the change of 6 pavement industry and academia community’s research endeavors towards the development of low 7 emissions road paving technologies able to significantly reduce mixing and compaction temperature as 8 well as the consumption of virgin raw materials. One set of relatively recent technologies in the field of 9 pavement materials that aims at addressing those concerns are the warm mix asphalt (WMA). In fact, 10 they have the potential to allow the reduction of energy consumption and airborne emissions d…
Why is equity order flow so persistent?
2015
Abstract Order flow in equity markets is remarkably persistent in the sense that order signs (to buy or sell) are positively autocorrelated out to time lags of tens of thousands of orders, corresponding to many days. Two possible explanations are herding, corresponding to positive correlation in the behavior of different investors, or order splitting, corresponding to positive autocorrelation in the behavior of single investors. We investigate this using order flow data from the London Stock Exchange for which we have membership identifiers. By formulating models for herding and order splitting, as well as models for brokerage choice, we are able to overcome the distortion introduced by bro…
Environmental impact of Recover cotton in textile industry
2017
A comparative evaluation of the life cycle assessment (LCA) of Recover cotton, obtained from recycled garments, and virgin one, cultivated from traditional and organic crops, has been made based on the quantification of environmental impact categories, such as abiotic depletion, global warming, water use, acidification and eutrophication potential. LCA data reported in the literature for the steps of cultivation, ginning/cutting, and dyeing were compared in order to clearly show the environmental advantages of moving from traditional practices, to organic cultivation and the use of Recover cotton, a novel procedure that involves the production of cotton yarns from coloured and well characte…
CO2 Prices, Energy and Weather
2007
One of the main objectives of the European Union Emission Trading Scheme is the establishment of a market price level for allowances that show to European CO 2 emitting installations the environmental impact of their polluting activities. The aim of this paper is to focus on the daily price changes during 2005 in an attempt to examine the underlying rationality of pricing behaviour. Specifically, we study the effect of those weather and non-weather variables that academic and market agents consider as the major determinants of the of CO 2 price levels. The results show that the energy sources are the principal factors in the determination of CO 2 price levels, and that only extreme temperat…
Image is everything! Professional football players’ visibility and wages: evidence from the Italian Serie A
2021
Sport is one of the most popular forms of entertainment and its worldwide spread has turned athletes into icons who have economic impact and international visibility as global brands. In our paper we would like to show how marketing strategies in the sports industry, amplified by social networks, have put the athlete at the centre of media attention In the world of football, football players have come to play a key role, since their image is the face of their clubs, and this can affect the number of digital fans, that is, fans who are not bound to a club by constant passion but who can change team depending on the athletes that have been lined up. This could explain why the teams playing in…
Two Great Banking Crises and Their Economic Impact Compared: Spain 1976/1977 and 2008
2017
The 1976/1977 crisis was the most severe in Spanish history, but the losses associated with the 2008 crisis are huge. This paper compares these two great banking crises and identifies the main parallels and differences between them. Is the current crisis as severe as that of 1976? What is the impact on the banking and financial sectors? We show that the 1976 crisis is being surpassed by the 2008 crisis in terms of the decline in GDP, industrial production and unemployment, and that these two events have had at least a similar impact in terms of output gap and output loss. Finally, the financial impact measured by different financial indicators confirms the greater severity of the 2008 crisi…
La factibilidad de los derechos sociales en Europa: debate actual y perspectivas
2021
El presente trabajo reflexiona acerca de la relación entre el análisis económico y la efectividad y justiciabilidad de los derechos sociales en Europa. En efecto, si en la era de la globalización se confiere una posición relevante al mercado cuando se redactan las normas nacionales e internacionales sobre derechos sociales (incluso en la fase inicial –previendo el impacto económico de dichas normas, la denominada “factibilidad”), el autor pone de relieve que la estructura jurídica y dogmática de tales derechos sociales es tan idónea como la de los derechos civiles a la hora de garantizar su justiciabilidad. En tal sentido, se subraya el camino hacia un estándar común europeo en materia de d…