Search results for "ECs"
showing 10 items of 2721 documents
Demographic change, tourism expenditure and life cycle behavior
2015
Abstract The paper explores how demographic changes in human populations may impact on tourism decision-making of households over their life cycle. By means of hurdle models, the study focuses respectively on the decision to travel domestically or abroad and investigates if statistically significant differences exist as to the impact of age and cohort on the decision to travel and tourism expenditure. Using a vast dataset on Italian Household Expenditures over the period 1997–2007 the empirical results show that demographic aspects do have a strong effect on the tourism behaviour of families and that cohort and age effects act differently on the decision of households to make a trip and on …
Piero Sraffa on utility and the 'subjective method' in the 1920s: A tentative appraisal of Sraffa's unpublished manuscripts
2001
The paper reconstructs Sraffa's assessment of utility-based and individualistic explanations of demand in Marshallian economics in the light of some fresh evidence provided by Sraffa's unpublished manuscripts of the 1920s. It is shown that Sraffa criticised the standard Marshallian explanation of individual consumption choices, emphasised the independent measurement requirement in explanation, lacked enthusiasm for the heuristic potentialities of the 'subjective method' in economic theorising and strove for an analysis of the phenomena of interdependence in the sphere of production as well as in the sphere of consumption.
Discretionary Government Consumption, Private Domestic Demand, and Crisis Episodes
2012
This paper analyzes the dynamic impact of discretionary government consumption purchases on private demand. Using a panel of 132 countries from 1960 to 2008, we find that while discretionary changes in government consumption lead to crowding-in effects in the short run, crowding-out effects take over in the medium run. In addition, we also find that both short-term crowding-in and mediumterm crowding out effects are amplified once we control for periods of crisis.
Household Expenditure on Leisure: a Comparative Study of Italian Households with Children from Y- and Z-Generation
2019
The intrinsic complexity of post-materialist society makes it challenging to investigate the connection between social changes and generations. However, the study of consumption might help in the analysis of such a connection. In this paper, we analyse empirical data of consumption on leisure of Italian households, and focus on families at a very precise stage of family life-cycle, that is, couples with teenager children. We look at consumption of households at different points in time, 2001, 2007, and 2012, in order to investigate the impact of both social change and generation of children–Y-generation in 2001 and 2007, and Z-generation in 2012–on the leisure expenditure patterns of famili…
Positional goods and social welfare: a note on George Pendleton Watkins’ neglected contribution
2018
Watkins's analysis of adventitious utility contains many aspects that are connected to the contemporary debate on positional goods. First, Watkins adventitious utility emerges from a process of social exclusion and can create negative externalities, in the sense that positive consumption of one individual implies negative consumption by another individual. Not only it creates negative externalities on other individuals, but it can initiate a race-to-the-bottom, where individuals waste an increasing amount of money on goods which do not possess any real utility.
Is participation in the tourism market an opportunity for everyone? Some evidence from Italy
2016
This paper investigates whether there are differences in tourism consumption behaviour among families by analysing the main determinants of tourism participation at national and international levels. In particular, it explores whether tourism is becoming part of the lifestyle of Italians or whether it is still a luxury good only for the privileged. A Heckman model was used on micro-data on Italian family expenditure over the period 1997–2007, and an income elasticity analysis for different personal and household characteristics was carried out. The results show that participation in the tourism market is strongly affected by the personal characteristics of individuals and that tourism cons…
A Holistic Approach to Comprehending the Complexity of the Post-growth Era: The Emerging Profile
2015
The goal of this study is to investigate the problems caused by the rapid growth of the global economy, coupled with high population growth and the excessive exploitation of natural resources. The global economy will not be able to maintain its current speed of growth in the long term, so a paradigm shift in production and consumption is necessary, if the collapse of ecosystems and the concurrent depletion of natural resources are to be avoided. This is the reason why capitalism needs to take a turn towards a sustainable and naturally harmonized development model.
Frank H. Knight on social values in economic consumption: an archival note
2020
We reproduce an unpublished address on “Social Values in Economic Consumption” which Knight prepared for a SSRC Conference in June 1931. This material sheds new light on Knight in two respects. First, anticipating what is known as the relative income hypothesis, Knight indicated that a general increase in income, not only leaves the individual’s relative position in society unaltered but makes her/his situation worse off due to the peculiar characteristics of the market for “personal services.” Second, this address provides further evidence of how, in spite of some substantial methodological differences, Knight’s research interests converged with those of the institutionalists.
Demand and Supply Model for the Natural Gas Supply Chain in Colombia
2018
Natural gas is considered the transitional fuel for excellence between fossil and renewable sources, considering its low cost, greater efficiency and lesser effects on the environment. This has led to increased demand levels worldwide, requiring the intervention of public and private actors to meet such demand. In this research, we study the natural gas supply chain in Colombia using system dynamics modelling. The results allow to contrast both the behaviour of the production and transport levels and the behaviour of the demand from the consumption sectors, allowing to identify capacity levels to be developed considering implementation times and percentages of coverage in the supply.
The epidemiology of anabolic-androgenic steroids use among secondary students (Valencia-Spain)
2019
The consumption of anabolic-androgenic steroids (AAS) is continuously growing in recent years among young people. The purpose of the current study was to examine the proportion of students who reported AAS use, explore other drug use among them and finally to determine the sociodemographic profile of the AAS consumption amongst a sample of students in the Valencian Region (Spain). Method. Data was taken from a self-administrated survey of a representative sample of 1,1162 Valencian students. A total of 252 schools participated in the study. Results. The findings show that 3.3% of surveyed students reported that they had consumed AAS. Males reported to take anabolic more frequently than fema…