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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.
This article introduces the Global Sanctions Data Base (GSDB), a new dataset of economic sanctions that covers all bilateral, multilateral, and plurilateral sanctions in the world during the 1950–2016 period across three dimensions: type, political objective, and extent of success. The GSDB features by far the most cases amongst data bases that focus on effective sanctions (i.e., excluding threats) and is particularly useful for analysis of bilateral international transactional data (such as trade flows). We highlight five important stylized facts: (i) sanctions are increasingly used over time; (ii) European countries are the most frequent users and African countries the most frequent targets; (iii) sanctions are becoming more diverse, with the share of trade sanctions falling and that of financial or travel sanctions rising; (iv) the main objectives of sanctions are increasingly related to democracy or human rights; (v) the success rate of sanctions has gone up until 1995 and fallen since then. Using state-of-the-art gravity modeling, we highlight the usefulness of the GSDB in the realm of international trade. Trade sanctions have a negative but heterogeneous effect on trade, which is most pronounced for complete bilateral sanctions, followed by complete export sanctions.
The main objective of this paper is to revisit the Euro method in a critical and constructive way.Wehave analysed some arguments against the Euro method published recently in the literature as well as some other relevant aspects of the SUT-Euro and SUT-RAS methods not covered before. Although not being the Euro method perfect, we believe that there is still space for the use of the Euro method in updating/regionalizing Supply and Use tables.
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.
A conceptual framework for indigenous ecotourism projects – a case study in Wayanad, Kerala, India
(2020)
This paper analyses indigenous ecotourism in the Indian district of Wayanad, Kerala, using a conceptual framework based on a PATA 2015 study on indigenous tourism that includes the criteria: human rights, participation, business and ecology. Detailed indicator sets for each criterion are applied to a case study of the Priyadarshini Tea Environs with a qualitative research approach addressing stakeholders from the public sector, non-governmental organisations, academia, tour operators and communities including Adivasi and non-Adivasi. In-depth interviews were supported by participant and non-participant observations. The authors adapted this framework to the needs of the case study and consider that this modified version is a useful tool for academics and practitioners wishing to evaluate and develop indigenous ecotourism projects. The results show that the Adivasi involved in the Priyadarshini Tea Environs project benefit from indigenous ecotourism. But they could profit more if they had more involvement in and control of the whole tourism value chain.
Purpose – The purpose of this paper is to examine visitor management in the German-Swiss border area of the Lake Constance region. Taking a customer perspective, it determines the requirements for an application with the ability to optimize personal mobility.
Design/methodology/approach – A quantitative study and a survey of focus groups were conducted to identify movement patterns of different types of visitors and their requirements concerning the development of a visitor management application.
Findings – Visitors want an application that provides real-time forecasts of issues such as traffic, parking and queues and, at the same time, enables them to create a personal activity schedule based on this information.
Research limitations/implications – Not every subsample reached a sufficient number of cases to yield representative results.
Practical implications – The results may lead to an optimization and management separation of mobility flows in the research area and be helpful to municipal planners, destination marketing organizations and visitors.
Originality/value – The German border cities of Konstanz, Radolfzell and Singen in the Lake Constance region need improved visitor management, mainly because of a high level of shopping tourism by Swiss visitors to Germany. In the Summer months, Lake Constance is also a popular destination for leisure tourists, which causes overtourism. For the first time, the results of this research presented here offer possible solutions, in particular by showing how a mobile application for visitors could defuse the situation.
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.
The Black Forest offers renewable energy as a specific tourist destination in the form of bioenergy villages (BEV). Particularly expert tourists tend to visit them. The results of two quantitative surveys on the supply and demand side show that there is, up to now, an untapped potential among experienceoriented
tourists for this type of niche tourism.
Der Süden
(2018)
Dieser Beitrag untersucht, inwiefern die Sapir-Whorf-Hypothese, die die Abhängigkeit des Denkens von der Sprache postuliert, einen Erklärungsansatz zur raumsemantischen Konstruktion des touristischen Südens liefern kann. Sie dient als Analyseraster in Verbindung mit empirischen Befunden zu den touristischen Imageprofilen von Sevilla und Buenos Aires, die als Fallbeispiele touristischer Städte des Südens gewählt wurden.