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Many countries offer state credit guarantees to support credit-constrained exporters. The policy instrument is commonly justified by governments as a means to mitigating adverse outcomes of financial market frictions for exporting firms. Accumulated returns to the German state credit guarantee scheme deriving from risk-compensating premia have outweighed accumulated losses over the past 60 years. Why do private financial agents not step in and provide insurance given that the state-run program yields positive returns? We argue that costs of risk diversification, liquidity management, and coordination among creditors limit the ability of private financial agents to offer comparable insurance products. Moreover, we suggest that the government’s greater effectiveness in recovering claims in foreign countries endows the state with a cost advantage in dealing with the risks involved in large export projects. We test these hypotheses using monthly firm-level data combined with official transaction-level data on covered exports of German firms and find suggestive evidence that positive effects on trade are due to mitigated financial constraints: State credit guarantees benefit firms that are dependent on external finance, if the value at risk which they seek to cover is large, and at times when refinancing conditions on the private financial market are tight.
Zusammenfassende Darstellung der Ergebnisse einer empirischen Studie über Friedens- und Postkonfliktarbeit durch kirchliche Akteure in Indonesien ( Maluku) und auf den Philippinen (Mindanao). Auf Basis der Untersuchung ziehen die Autoren Schlussfolgerungen über die praktische Bedeutung kirchlicher Friedensprojekte nach Konflikten
Drawing on a rich body of multimethod field research, this book examines the ways in which Indonesian and Philippine religious actors have fostered conflict resolution and under what conditions these efforts have been met with success or limited success.
The book addresses two central questions: In what ways, and to what extent, have post-conflict peacebuilding activities of Christian churches contributed to conflict transformation in Mindanao (Philippines) and Maluku (Indonesia)? And to what extent have these church-based efforts been affected by specific economic, political, or social contexts? Based on extensive fieldwork, the study operates with a nested, multi-dimensional, and multi-layered methodological concept which combines qualitative and quantitative methods. Major findings are that church-based peace activities do matter, that they have higher approval rates than state projects, and that they have fostered interreligious understanding.
Through innovative analysis, this book fills a lacuna in the study of ethno-religious conflicts. Informed by the novel Comparative Area Studies (CAS) approach, this book is strictly comparative, includes in-case and cross-case comparisons, and bridges disciplinary research with Area Studies. It will be of interest to academics in the fields of conflict and peacebuilding studies, interreligious dialogue, Southeast Asian Studies, and Asian Politics.
Viele touristische Aktivitäten sind mit einem erhöhten Energiebedarf (Strom, Wärme, Kraftstoffe) verbunden, sodass Tourismus nicht losgelöst von der Energiewirtschaft bzw. deren Klimawirksamkeit zu betrachten ist. Das Projekt befasst sich daher mit der Triade Tourismus, Klimawandel und erneuerbare Energienutzung.
Die Veränderungen des Klimas stellen den Tourismus vor neue Herausforderungen. Um diesen Herausforderungen, im Sinne eines nachhaltigen Tourismus gerecht zu werden, kann der Tourismus dem Klimawandel mit Anpassungs- und/oder Vermeidungsstrategien begegnen (vgl. ELSASSER ET AL. 2000). Im Rahmen dieses Projektes werden sowohl mögliche Anpassungs- als auch Vermeidungsstrategien thematisiert. Ein besonderer Fokus wird dabei zum einen auf die Nutzung von erneuerbaren Energien (EE) gelegt. Zum anderen werden die Entwicklungen des Tourismus und die Anpassungen an die Änderungen des Klimas vornehmlich in Bezug auf den Wintertourismus betrachtet. Räumlich konzentriert sich das Projekt auf das Mittelgebirge Schwarzwald.
Die Bodenseeregion gilt als populäre Freizeit- und Tourismusdestination, mit der ein vielfältiger Naturraum, ein angenehmes Klima sowie eine fruchtbare Landwirtschaft verbunden werden. Der Kulturtourismus ist dabei – je nach Bodenseedestination in unterschiedlich starker Ausprägung – nicht nur ein wichtiger Baustein für die Erweiterung der touristischen Angebotspalette, sondern auch ein wesentlicher Faktor für die Lebensqualität am Bodensee.
Für die Tourismuswirtschaft und insbesondere den Kulturtourismus ist die Inanspruchnahme von Knowhow der Kreativwirtschaft z. B. in Form von Produkten und Dienstleistungen des Presse-, Rundfunk-, Software-, und Werbemarkts unverzichtbar. Die Kreativwirtschaft ist mit Teilmärkten wie der Musikwirtschaft, den darstellenden Künsten oder dem Kunstmarkt ein wichtiger Inhaltslieferant für kulturtouristische Angebote.
The aim of this paper is to portray the risks of climate change for low mountain range tourism and to develop sustainable business models as adaption strategy. A mixed-method-approach is applied combining secondary analysis, a quantitative survey, and qualitative in-depth-interviews in a transdisciplinary setting. Results show, that until now, climate change impacts on the snow situation in the Black Forest – at least above 1,000 m – have been mild and compensated by artificial snowmaking, and up to now have not had measurable effects on tourism demand. In general, the Black Forest appears to be an attractive destination for more reasons than just snow. The climate issue seems to be regarded as a rather incidental occurrence with little importance to current business decisions. However, the authors present adaption strategies as alternatives for snow tourism, e. g. the implementation of hiking hostels, since climate change will make winter tourism in the Black Forest impossible in the long run.
This paper presents a framework to assess the cultural sustainability of Aboriginal tourism in British Columbia, which meets must take into account the protection of human rights, good self-governance, identity, control of land, the tourism product’s authenticity, and a market-ready tourism product. These criteria are specified by two indicators each. The cultural sustainability framework was generated by triangulating qualitative research methods like experts’ interviews, secondary research, and participant and non-participant observations. This paper is thus conceptual in nature and inductive in its approach. It partly leverages a collaborative approach, as it includes interviewees in an iterative research loop. Furthermore, the paper shows why cultural sustainability is a determinant of the success of Aboriginal tourism.
Border issues continue to be of interest in tourism literature, most significantly that which focusses on cross-border shopping (e.g., currency values, taxation,
security). Borders as destinations are recognized in this area but the notion of shopping as a destination is perhaps less acknowledged. Following a review of the relevant literature, including the presentation of a table summarizing key areas of cross-border tourism research around the world, this paper presents a unique example of a border region with two-way traffic for cross-border shopping tourism: the border between Germany and Switzerland.
The particular case is where two cities meet at the border: Konstanz, Germany and Kreuzlingen, Switzerland. An intercept survey and key informant interviews were conducted in both communities in the spring of 2015. The results indicate high levels of traffic for various products and services. And while residents are generally satisfied with cross-border shopping in their communities, there are emerging issues related to volume and, in particular, too many in Konstanz and not enough in Kreuzlingen.
The paper concludes with a discussion that includes the development of a model cross-border shopping tourism that recognizes the multiple layers in space and destination.
The paper concludes with a proposal to further investigate the particular issues related to the volume on both sides of borders where cross-border shopping is the destination.
