abstract t he return of capital is fundamental to the intertemporal allocation of resources by changing the consumption behavior and capital accumulation over time. taxation on return of capital increases the marginal product of capital, meaning that capital stock is lower than when capital is not taxed, which results decreased growth and welfare in steady state. this paper studies the impact o...

This Paper examines the causality and long-run relationships between economic growth and Tourism development in developing countries using P-VAR approach during 1995-2009. The findings reveal that there is a bilateral causality and positive long-run relationship between economic growth and Tourism development. In the other words, the tourism-led growth hypothesis is confirmed, as well as, outpu...

abstract today, debt stabilization in an uncertain environment is an important issue. in particular, the question how fiscal and monetary authorities should deal with this uncertainty is of much importance. especially for some developing countries such as iran, in which on average 60 percent of government revenues comes from oil, and consequently uncertainty about oil prices has a large effect ...

ecause a large number of tourists come to  Mashhad, this city has a high potential for the development of tourism-related activities. Therefore, it is necessary to equip resources for tourism activities and investment in this regard. Despite the highest tourism potential in Mashhad, there are great opportunities for the tourism industry, which has not been fully identified and has not been made...

International tourism has increased exponentially since 1950. With this growth the industry has become significantly more competitive, and the marketing role of National Tourism Organizations (NTOs) has taken on added significance. Correspondingly, research related to the marketing aspects of international tourism has increased. With this in mind, this paper provides a brief look at the growth ...

In this paper, we describe how to solve Model A (finite number of countries complete markets) of the JEDC project by using a simulation-based Parameterized Expectations Algorithm (PEA). JEL classification : C6; C63; C68; C88

tourism industry has been the fastest and the most income-generating industry in the first decade of the third millennium. it has been for many countries including some of oic member countries a source of foreign exchange and contributed into their development. in this paper, we try to test empirically whether tourism expansion has had any significant effect on economic growth of oic member cou...

The formulas of cost and allocative efficiencies of decision making units (DMUs) with positive data cannot be used for DMUs with negative data. On the other hand, these formulas are needed to analyze the productivity and performance of DMUs with negative data. To this end, this study introduces the cost and allocative efficiencies of DMUs with negative data and demonstrates that the introduc...

Previous research has indicated a surprising statistically significant impact on the local economy in the city that wins the Super Bowl. An analysis of personal income growth in victorious Super Bowl cities from 1972-2000 cannot further confirm these results, finding no statistically significant effect on the local economies of these cities. JEL Classification Codes: L83 Sports; Gambling; Recre...

In this paper we propose a recursive equilibrium algorithm for the numerical simulation of nonoptimal dynamic economies. This algorithm builds upon a convergent operator over an expanded set of state variables. The fixed point of this operator defines the set of all Markovian equilibria. We study approximation properties of the operator. We also apply our recursive equilibrium algorithm to vari...