Search results for "ECs"

An optimized system dynamics approach for a hotel chain management

2009

The proposed model consists of an integrated system dynamics-data envelopment analysis approach to value, in a dynamic framework, the effects over time of the policies implemented according to the relative efficiency analysis. Rooms’ price and competing facilities (the hedonics) are the decision variables to move in order to push the hotels towards a higher relative efficiency at the end of the observation periods. In fact, in competitive markets as tourism, hotels compete for money offering differentiated quality. Moreover, according to the microeconomic theory, a producer of differentiated goods is not a price taker but a price maker. Therefore, we assume that the decision maker of the ho…

Sustainable tourist development in Italian holiday destinations

2008

This paper argues that tourism, will become a major activity in a modern welfare state, which will have serious consequences for environmental sustainability. This issue calls for an assessment of the pros and cons of the ecological efficiency of tourism. We propose an overall efficiency indicator that comprises both a sustainable tourism index and an economic efficiency index. Based on a data set for Italian provinces and using Activity Analysis, a quantitative assessment of the relative position of Italian tourist destination areas is made from the perspective of sustainable tourism. Copyright © 2008 Inderscience Enterprises Ltd.

Economic Freedom and the Pursuit of Happiness

2011

Is fiscal fatigue a threat to consolidation programmes?

2015

Building on a narrative approach to identify episodes of fiscal consolidation, data for a group of 17 industrial countries over the period 1978-2009 and continuous-time duration models, we find evidence suggesting that the likelihood of a fiscal consolidation ending increases over time, but only for programs that last less than six years. Additionally, fiscal consolidations tend to last longer in non-European than in European countries. Our results emphasize that chronic fiscal imbalances might lead to a vicious austerity cycle, while discipline in the behaviour of fiscal authorities is a means of achieving credible and shorter adjustment measures. Therefore, fiscal fatigue is likely to com…

Does Tourism Consumption Behaviour Mirror Differences in Living Standards?

2016

Based on the theoretical foundation of well-being measurement, the study explores differences in living standards by analysing the distribution of tourism expenditure. A mixture of regression models is used to explore the heterogeneity in tourism consumption by identifying groups of families with similar tourism consumption behaviour as a function of certain socio-demographic and economic factors. The empirical analysis, performed on Italian expenditure data, suggests that there are three different patterns of consumption behaviour conditional to the socio-demographic and economic covariates in the tourism market and that differences in tourism consumption between groups of households mirro…

Innovation in the Rural Areas and the Linkage with the Quintuple Helix Model

2016

Abstract In this paper we analyze some specific conditions for local development. Our interest is oriented towards a multidimensional aspect of peripheral and rural areas. The rural areas considered as a productive system reflects a strong relationship between the agriculture and the other economic activities, In addition eco-systems must be protected and enhanced to develop innovation models that propose new roles and responsibilities for a new development vision. Following the implementation of the Smart Specialization Strategy and the Quintuple Helix Model this paper underlines the importance of connecting the innovation process with rural territories. We have considered some environment…

Educational systems efficiency in European Union countries

2011

Abstract We use the PISA 2006 results to analyse students’ proficiency in EU countries with regard to two indexes that represent the home background, viz the educational resources available at home and the family background of students. However, many factors affect proficiency and therefore, using a DEA-bootstrap, we intend to measure the efficiency of the European educational systems as capability to ensure high students’ competencies despite adverse conditions about the educational resources available at home and the family background. Results show an unexpected differentiation among EU countries. In particular, the most developed countries often show disappointing students’ proficiency d…

The Evaluation of the Cultural Industries Impacts on the Local Economies: The Teatro Massimo Foundation

2022

Thanks to its relevant positive effects, the cultural industry, including the Opera Houses, is becoming increasingly important for economic and social well-being. On the other hand, given their cultural relevance and the high costs, these activities require the support of public funds. This evidence generates the need to quantify the economic benefits deriving from its activities to evaluate the opportunity and the return of the public financial support. The study analyses the case of the Fondazione Teatro Massimo di Palermo offering an estimate of the economic, occupational, and fiscal impact on the municipal, provincial, regional, and national territories. The results show how the Opera H…

Le economicità d’azienda. Profili storici e considerazioni teoriche intorno alla teoria dell’equilibrio economico di Enrico Cavalieri

2014

Resisting the extortion racket: an empirical analysis

2018

While the contributions on the organized crime and Mafia environments are many, there is a lack of empirical evidence on the firm’s decision to resist to extortion. Our case study is based on Addiopizzo, an NGO that, from 2004, invites firms to refuse requests from the local Mafia and to join a public list of “non-payers”. The research is based on a dataset obtained linking the current administrative archives maintained by the chambers of commerce and the list updated by the NGO. The objective of this paper is twofold: first, to gather sound data on the characteristics of the Addiopizzo joiners; second to model the probability to join Addiopizzo by a two-level logistic regression model. We …