Search results for "Purchasing power"
showing 6 items of 16 documents
A note on change in persistence of U.S. city prices
2020
Abstract This paper seeks to explain the high persistence in U.S. price differentials found in Cecchetti, S. G., N. C. Mark, and R. J. Sonora. 2002. “Price Index Convergence Among United States Cities.” International Economic Review 43: 1081–99, by means of the concept of change in persistence. To that end, have computed recently developed tests by Kejriwal, M., P. Perron, and J. Zhou. 2013. “Wald Tests for Detecting Multiple Structural Changes in Persistence.” Econometric Theory 29: 289–323, allowing for multiple changes in persistence under the alternative hypothesis. We conclude that change in persistence cannot be ruled out for some city price differentials.
Critical study of the quantity theory of money in the history of prices crisis
2014
The Quantity Theory of money which always links the increase in the high-Powered money supply and the general rise in prices is one of the oldest concepts in economics. After to have been the subject of many controversies at different times, it seems nowadays to hold less attention from the economists because the dispute is dissipated in a kind of religious choice to believe or not to believe to quantity theory. This theory officially influences the monetary policy of most of central banks in the world that bind conventional measures to control the money supply to curb inflation process. In many orthodox economics’ textbooks, the quantity theory is still deployed in perpetuum to explain the…
Sharing Economy: A Business Perspective
2020
The developments in information technology on the one hand, and the reduced purchasing power of many people due to the global crisis as well as the increasing sustainability concerns on the other hand, have contributed in recent years to the creation of a multitude of Internet-enabled peer-to-peer platforms and the consequent rise of a new paradigm of economy, namely the sharing economy. Under this paradigm, consumers on a massive scale share and make use of underutilized resources upon payment. In this chapter, we present an overview of the sharing economy phenomenon from a business perspective by identifying the major factors guiding its emergence and growth, by presenting some important …
Maids and housekeepers at luxury hotels: life stories in hotels of Buenos Aires, Argentina
2021
The tourism industry evinces a high turnover of staff which needs further hard training and organisation. Broadly speaking, the service quality seems to be directly proportional to excessive working hours, which are accompanied by less-paid wages and hard working conditions. This paper interrogates furtherly on the (real) motivations of maid and housekeepers who are professionally educated to serve high purchasing power tourists. The research focuses on the needs, socio-economic background of maid and housekeepers as well as the pro and cons of their daily tasks. Based on the life story and story-telling and as the main method of study, we conduct exploratory research -sampled by 8 in-depth…
International Retirement Migration: Transforming Societies Through Purchasing Power?
2016
Despite a more than 40-year-old tradition of international retirement migration (IRM) in Europe, relatively little social scientific research has been carried out in this field. Retired European migrants have not been considered to be politically controversial (i.e. they are not viewed as having been the causes of social problems or as needy, poor or deprived). Often, the terms used in the 1980s and early 1990s to describe these populations have been linked not to a migration model but to the model of the social agent of a tourist. The chapter is divided into three parts: (1) a general overview of the flows and socio-economic characteristics of IRM in Europe, addressing the main regions of …
The Analysis of the Digital Economy and Society Index in the EU
2019
Abstract The paper analyzes the Digital Economy and Society Index (DESI), which characterizes the development of digital economy. Based on the data of 28 European countries for 2013–2018, using the panel regression, we studied the influence of the consumption index growth by the purchasing power parity and unemployment among the active population on the structural units of DESI. It is shown that a 1% increase in the consumption index results in about 0.2 increase in the DESI, and an increase in unemployment by 1% leads to about 0.2 DESI decline. It is also shown that the 98% value of DESI is actually determined by its previous trends, and therefore it is impossible to increase this index ra…