Fiscal Multipliers Under Extreme Uncertainty: Case of Greek Tourism Economy

2020 ◽  
pp. 83-105
Author(s):  
Georgios Alexopoulos ◽  
Alexandros Apostolakis ◽  
Constantin Zopounidis ◽  
Alexandros Garefalakis ◽  
Marianna Eskantar
Keyword(s):  
Fiscal Multipliers ◽  
Tourism Economy

Russia’s fiscal stimulus and fiscal sustainability

2013 ◽  
pp. 90-108 ◽  
Author(s):  
N. Akindinova ◽  
N. Kondrashov ◽  
A. Cherniavsky
Keyword(s):  
Government Spending ◽  
Public Expenditure ◽  
Oil Prices ◽  
Fiscal Sustainability ◽  
Macroeconomic Model ◽  
Sharp Drop ◽  
Fiscal Stimulus ◽  
Fiscal Multipliers ◽  
Russian Economy ◽  
The Impact

This study examines the impact of public expenditure on economic growth in Russia. Fiscal multipliers for various items of government spending are calculated by means of our macroeconomic model of the Russian economy. Resources for fiscal stimulus and optimization are analyzed. In this study we assess Russia’s fiscal sustainability in conditions of various levels of oil prices. We conclude that fiscal stimulus is ineffective in Russia, while fiscal sustainability in conditions of a sharp drop in oil prices is relatively low.

Three States of Fiscal Multipliers in a Small Open Economy

2014 ◽  
Author(s):  
Simon Naitram ◽  
Shane Lowe ◽  
Justin Carter
Keyword(s):  
Open Economy ◽  
Small Open Economy ◽  
Fiscal Multipliers

The IMF, the UK Policy Debate, and Debt and Deficit Discourse

2018 ◽  
Author(s):  
Ben Clift
Keyword(s):  
Adverse Effects ◽  
Coalition Government ◽  
Policy Debate ◽  
Fiscal Consolidation ◽  
Policy Space ◽  
Fiscal Multipliers ◽  
Scientific Image ◽  
The Uk ◽  
Deep Recession ◽  
The Imf

This chapter charts changing character of the economic ideas informing fiscal policymaking in Britain, and Fund responses to them. Drawing on interviews with the Fund’s UK Missions and UK authorities, it shows how, despite the IMF’s prizing of its non-political, scientific image, its differing views of UK policy space and prioritization became the stuff of a contested politics. The central assumption of the coalition government’s construction of fiscal rectitude was that Britain faced a ‘crisis of debt’, yet the IMF did not share this view. Fund work on fiscal multipliers being higher during recessions, and the adverse effects of fiscal consolidation on growth, all had pointed relevance for UK policy. The coalition government saw little potential for activist fiscal policy in support of growth. In 2013 Blanchard accused the UK authorities of ‘playing with fire’ by pursuing excessively harsh austerity which threatened a prolonged and deep recession.

scholarly journals Social Aspects of Tourism Policy in the European Union. The Example of Poland and Slovakia

Economies ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 16 ◽  
Author(s):  
Aleksander Panasiuk ◽  
Ewa Wszendybył-Skulska
Keyword(s):  
European Union ◽  
Economic Policy ◽  
Social Aspects ◽  
The European Union ◽  
The Social ◽  
Low Incomes ◽  
Research Gap ◽  
Tourism Policy ◽  
Tourism Economy ◽  
Sectoral Policy

Since the beginning of the 21st century, the European Union tourism policy has been increasingly focused on initiatives in the field of social tourism, which are one of the ways of achieving sustainable development in the European tourism economy. Most of the research projects that have so far been conducted in the field have focused on the benefits for its participants (subjective one: Children and youths, seniors, disabled people, people (families) with low incomes and/or unemployed, big families). However, there is a lack of research on the analysis of the place of social aspects of tourism in the general socio-economic policy of the state and, in a detailed aspect, in the sectoral policy represented by tourism policy, as well as its potential impact on the development of the national economy and meeting tourism needs of the society. The authors tried to fill this research gap in this study. The aim of the study is to differentiate the issues related to the social aspects of tourism policy from the entire socio-economic policy pursued in the European Union and selected member states (Poland and Slovakia). The article is of a theoretical–analytical–conceptual nature. Empirical research, due to the nature of its issues, was conducted with the use of qualitative research methods. The results of the conducted research showed that activities in the field of social tourism policy are conditioned by organizational solutions for the entities that undertake them, as well as economic ones, especially in the field of financing. Moreover, they made it possible to propose the concept of a model social tourism policy with an indication of its place in the European policy on the basis of the past and future EU financial perspectives.

scholarly journals Starting a new life in the South? Swiss, Dutch and Flemish ageing in Morocco: a lifecourse perspective

2021 ◽  
pp. 1-27
Author(s):  
Claudio Bolzman ◽  
Tineke Fokkema ◽  
Ibrahima Guissé ◽  
Danique van Dalen
Keyword(s):  
Social Relationships ◽  
Social Life ◽  
Home Country ◽  
Early Adulthood ◽  
Standard Of Living ◽  
Professional Experiences ◽  
The Social ◽  
Timing Of Migration ◽  
Tourism Economy ◽  
Second Chance

Abstract This article focuses on European migrants living in Morocco and now near retirement or retired. Using a lifecourse approach we are interested in whether their timing of migration to Morocco made a difference in terms of their motivations to settle there and subsequently with the social relationships at the destination. To this end, we conducted 36 biographical interviews with Swiss, Dutch and Belgian Flemish migrants aged 50 and older. Findings show the relevance of a lifecourse perspective for international migration studies. Early adulthood migrants to Morocco had no strong obligations in their home country and were ready to explore new affective or professional experiences in a new country. They had the time to discover and find a place in Moroccan society and to develop long-lasting social relationships with kin and non-kin. Middle-adulthood migrants moved with the intention of rapidly accessing a higher standard of living thanks to the tourism economy, with hedonistic perspectives in a setting with a better climate. Their social life is limited to interaction with business clients and a few like-minded migrants from Europe, and their communication with personnel is a daily challenge. Most late-in-life migrants experienced disruptive life events before migrating, and expected to find in Morocco a second chance to build a better life. They generally move in select circles of European expatriates.

scholarly journals Statistical Modeling and Prediction for Tourism Economy Using Dendritic Neural Network

2017 ◽  
Vol 2017 ◽  
pp. 1-9 ◽  
Author(s):  
Ying Yu ◽  
Yirui Wang ◽  
Shangce Gao ◽  
Zheng Tang
Keyword(s):  
Neural Network ◽  
Network Model ◽  
Neural Network Model ◽  
Rapid Development ◽  
Seasonal Trend ◽  
Moving Averages ◽  
Forecasting Methods ◽  
Tourism Economy ◽  
The Impact ◽  
D Model

With the impact of global internationalization, tourism economy has also been a rapid development. The increasing interest aroused by more advanced forecasting methods leads us to innovate forecasting methods. In this paper, the seasonal trend autoregressive integrated moving averages with dendritic neural network model (SA-D model) is proposed to perform the tourism demand forecasting. First, we use the seasonal trend autoregressive integrated moving averages model (SARIMA model) to exclude the long-term linear trend and then train the residual data by the dendritic neural network model and make a short-term prediction. As the result showed in this paper, the SA-D model can achieve considerably better predictive performances. In order to demonstrate the effectiveness of the SA-D model, we also use the data that other authors used in the other models and compare the results. It also proved that the SA-D model achieved good predictive performances in terms of the normalized mean square error, absolute percentage of error, and correlation coefficient.

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