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Article
Publication date: 1 January 1971

A.W.H.J. Quaedvlieg

L'analyse contenue dans le chapitre précédent donne une réponse à la question de savoir pourquoi on poursuit aux Pays‐Bas, dans le cadre de la politique économique, une…

Abstract

L'analyse contenue dans le chapitre précédent donne une réponse à la question de savoir pourquoi on poursuit aux Pays‐Bas, dans le cadre de la politique économique, une politique destinée à favoriser le tourisme. Cette réponse consiste à signaler l'intérét du tourisme pour l'ensemble de l'économie. Nous avons distingué cinq éléments, dont le dernier, qui porte exclusivement sur le budget de l'Etat, ne sera pas traité ultérieurement. Les trois premiers, à savoir la production de devises, le développement de la prospérité régionale et l'accroissement du revenu et de l'activité en général, ont été indiqués comme étant les éléments les plus importants, surtout qu'ils correspondent à trois des principaux objectifs de la politique économique poursuivie aux Pays‐Bas, à savoir une balance des paiements avantageuse, une expansion économique équilibrée et aussi forte que possible, et un niveau de l'emploi aussi élevé que possible. Il convient de considérer l'élément du développement de la prospérité régionale (où le tourisme peut entrer en jeu) par rapport aux objectifs de la croissance économique équilibrée et du niveau de l'emploi le plus élevé possible.

Details

The Tourist Review, vol. 26 no. 1
Type: Research Article
ISSN: 0251-3102

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Article
Publication date: 1 April 1970

A.W.H.J. Quaedvlieg

S'il est vrai, comme le constatent W. Hunziker et K. Krapf dans leur œuvre «Allgemeine Freindenverkehrslehre», que le tourisme moderne doit sa naissance à la libert…

Abstract

S'il est vrai, comme le constatent W. Hunziker et K. Krapf dans leur œuvre «Allgemeine Freindenverkehrslehre», que le tourisme moderne doit sa naissance à la liberté individuelle illimitée qui régnait au 19e siècle, l'essor qu'il a pris pendant ces dernières décennies n'aurait pas été possible sans une action bien orientée et organisée d'individus associés, c'est‐à‐dire sans une politique visant à favoriser le tourisme.

Details

The Tourist Review, vol. 25 no. 4
Type: Research Article
ISSN: 0251-3102

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Article
Publication date: 1 April 1970

Rapport de synthèse présenté par A. J. Guignand, directeur général de Villages Vacances Familles, Paris J'ai été chargé par le Comité de rédaction du Congrès de résumer et…

Abstract

Rapport de synthèse présenté par A. J. Guignand, directeur général de Villages Vacances Familles, Paris J'ai été chargé par le Comité de rédaction du Congrès de résumer et de rassembler les principales idées émises au cours de ce Congrès, tant dans les rapports que dans les discussions qui ont suivi.

Details

The Tourist Review, vol. 25 no. 4
Type: Research Article
ISSN: 0251-3102

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Book part
Publication date: 3 October 2012

Shirin Reuvers and Huub Ruël

In an ongoing process of globalization and technology improvements and due to an increase in worldwide actors in the economic sector, commercial diplomacy is an important…

Abstract

In an ongoing process of globalization and technology improvements and due to an increase in worldwide actors in the economic sector, commercial diplomacy is an important tool for countries to support their business community during the internationalization process and afterwards. Nevertheless, commercial diplomacy literature is still in its infancy. Therefore, this chapter reviews existing research on the topic and develops a framework, which integrates the topics examined so far and provides the reader with a more complete picture of the topic at hand.

By means of a literature review, this chapter shows that the body of literature involving research of both disciplines, International Relations and International Management, is still rather limited. As a consequence, we determine a future research agenda and call for more empirical studies, especially in the field of (political) economy.

Details

Commercial Diplomacy and International Business: A Conceptual and Empirical Exploration
Type: Book
ISBN: 978-1-78052-674-4

Keywords

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Article
Publication date: 1 January 1970

Thème du Congrès Le 20° Congrès de l'AIEST sera consacré au sujet

Abstract

Thème du Congrès Le 20° Congrès de l'AIEST sera consacré au sujet

Details

The Tourist Review, vol. 25 no. 1
Type: Research Article
ISSN: 0251-3102

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Article
Publication date: 1 May 2001

Patricia Layzell Ward

Focuses on the year 2000, reviewing the periodical literature of information and library services management, and of the relevant literature from the field of management…

Abstract

Focuses on the year 2000, reviewing the periodical literature of information and library services management, and of the relevant literature from the field of management in general. Notes the themes of major conferences in the field of information and library services management, and of reference tools for library managers.

Details

Library Management, vol. 22 no. 3
Type: Research Article
ISSN: 0143-5124

Keywords

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Article
Publication date: 21 January 2021

Athanasios Fassas, Stephanos Papadamou and Dimitrios Kenourgios

This study examines the forecasting performance of the professional analysts participating in the Blue Chip Economic Indicators Survey using an alternative methodological…

Abstract

Purpose

This study examines the forecasting performance of the professional analysts participating in the Blue Chip Economic Indicators Survey using an alternative methodological research design.

Design/methodology/approach

This work employs two methodologies, namely a panel specification, with the cross-section being the forecast horizon (from 1-month to 18-months ahead forecasts) and the time period being the time that the forecast was made and a quantile regression technique, which evaluates the hidden nonmonotonic relations between the forecasts and the target variables being forecasted.

Findings

The empirical findings of this study show that survey-based forecasts of certain key macroeconomic variables are generally biased but still efficient predictors of target variables. In particular, we find that survey participants are more efficient in predicting long-term interest rates in the long-run and short-term interest rates in the short run, while the predictability of medium-term interest rates is the least accurate. Finally, our empirical analysis suggests that currency fluctuations are very hard to predict in the short run, while we show that survey-based forecasts are among the most accurate predictors of GDP deflator and growth.

Practical implications

Evaluating the accuracy of economic forecasts is critical since market participants and policymakers utilize such data (as one of several inputs) for making investment, financial and policy decisions. Therefore, the quality of a decision depends, in part, on the quality of the forecast. Our empirical results should have immediate implications for asset pricing models that use interest rates and inflation forecasts as variables.

Originality/value

The present study marks a methodological departure from existing empirical attempts as it proposes a simpler yet powerful approach in order to investigate the efficiency of professional forecasts. The employed empirical specifications enable market participants to investigate the information content of forecasts over different forecast horizons and the temporal evolution of forecast quality.

Details

Journal of Economic Studies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0144-3585

Keywords

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Article
Publication date: 24 February 2020

Yuan Cao, Desheng Wu and Lei Li

Non-financial corporate debt is one of the important sources of systematic risk in the real economy. Assessing a measure of systematic risk in corporation debt is…

Abstract

Purpose

Non-financial corporate debt is one of the important sources of systematic risk in the real economy. Assessing a measure of systematic risk in corporation debt is currently a key challenge. In this regard, we propose a two-tier risk contagion networks model.

Design/methodology/approach

Assessing a measure of systematic risk in corporation debt is currently a key challenge. In this regard, we propose a two-tier risk contagion networks model based on four dimensions: concept definition, data structure, risk contagion network construction, and risk measurement indicators construction. We take the Jiangsu bond issuer guarantee network as a sample area.

Findings

Taking the Jiangsu bond issuer guarantee network as a sample area, we find that there is a strong correlation between the debts of non-financial corporation in China, and it is easy to become a potential regional systematic risk source. In addition, our empirical research also reveals that external risk exposure and node degree of network are two key indicators when identifying key risk-contagion enterprises.

Originality/value

The main contributions of this study are two-fold. First, this article proposes a two-tier risk contagion networks model to measure systematic risk in non-financial corporation. Second, this article describes the structure of the corporate risk contagion network.

Details

Industrial Management & Data Systems, vol. 120 no. 7
Type: Research Article
ISSN: 0263-5577

Keywords

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Article
Publication date: 27 October 2020

Yan Li, Lian Luo, Chao Liang and Feng Ma

The purpose of this paper is to explore whether the out-of-sample model bias plays an important role in predicting volatility.

Abstract

Purpose

The purpose of this paper is to explore whether the out-of-sample model bias plays an important role in predicting volatility.

Design/methodology/approach

Under the heterogeneous autoregressive realized volatility (HAR-RV) framework, we analyze the predictive power of out-of-sample model bias for the realized volatility (RV) of the Dow Jones Industrial Average (DJI) and the S&P 500 (SPX) indices from in-sample and out-of-sample perspectives respectively.

Findings

The in-sample results reveal that the prediction model including the model bias can obtain bigger R2, and the out-of-sample empirical results based on several evaluation methods suggest that the prediction model incorporating model bias can improve forecast accuracy for the RV of the DJI and the SPX indices. That is, model bias can enhance the predictability of original HAR family models.

Originality/value

The author introduce out-of-sample model bias into HAR family models to enhance model capability in predicting realized volatility.

Details

China Finance Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-1398

Keywords

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Article
Publication date: 25 February 2008

Terry O'Brien and Helen Hayden

The purpose of this paper is to provide an overview and analysis of current legislation and various schemes and practices that are available to employers and employees in…

Abstract

Purpose

The purpose of this paper is to provide an overview and analysis of current legislation and various schemes and practices that are available to employers and employees in relation to work life balance, family friendly work arrangements, leave entitlements and diverse modes of flexible work in Ireland. Focuses in particular on the Library and Information sector.

Design/methodology/approach

Introduces the concept of flexible working, followed by a review of relevant literature. Outlines what flexible work practices are, giving details of various types of flexible working, both statutory and non‐statutory (in Ireland). Then, discusses why flexible work practices have emerged and details background legislation and the issues that the introduction of flexible working raises. Draws conclusions about best practice in relation to the management of flexible work practices.

Findings

It is argued that commitment to work life balance is now firmly in the mainstream and is part of the political agenda in Ireland and the rest of the developed world. Flexibility in work practice is becoming an integral part of employment, particularly in public sector organisations, which are in effect, leading the way on this issue. Flexible work practices have many advantages for both employees and employers. They also create challenges, especially in terms of management. It is important to balance the requirements of the organisation with those of the employees. Key factors in the successful implementation of flexible working are training and communication.

Originality/value

The article provides a firm basis for further investigation and discussion.

Details

Library Management, vol. 29 no. 3
Type: Research Article
ISSN: 0143-5124

Keywords

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