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Uncovering the Macrostructure of Tourists’ Preferences. A Choice Experiment Analysis of Tourism Demand to Sardinia AgEcon
Brau, Rinaldo; Cao, Davide.
This paper studies the preferences of tourists visiting the island of Sardinia (Italy), by means of a choice modelling approach. The focus is on some specific demand-enhancing effects which should confirm the feasibility of implementing sustainable tourism policies. Multinomial logit estimations reveal the strong negative effects resulting from the congestion of tourist attractions and the major transformation of coastal environments. On the other hand, recreational services and the proximity of accommodation to the beaches also seem to be important. The computation of willingness to pay measures and choice probabilities for hypothetical destinations illustrate how this kind of approach can provide useful information in determining decision processes by...
Tipo: Working or Discussion Paper Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/12150
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How Fast are Small Tourist Countries Growing? The 1980-2003 Evidence AgEcon
Pigliaru, Francesco; Brau, Rinaldo; Lanza, Alessandro.
We analyze the empirical relationship between growth, country size and tourism specialization by using a dataset covering the period 1980-2003. We find that tourism countries grow significantly faster than all the other sub-groups considered in our analysis. Tourism appears to be an independent determining factor for growth, and the reason for that is neither because they are poorer than the average, nor because they are very open to trade. Another finding of our paper is that small states are fast-growing only when they are highly specialized in tourism. In contrast with some previous conclusions in the literature, smallness per se is not good for growth.
Tipo: Working or Discussion Paper Palavras-chave: International Development.
Ano: 2007 URL: http://purl.umn.edu/12129
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Tourism and Development: A Recent Phenomenon Built on Old (Institutional) Roots? AgEcon
Brau, Rinaldo; Di Liberto, Adriana; Pigliaru, Francesco.
Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates than those observed in industrialized countries. However, this evidence ignores the importance of institutional quality and results are likely to be biased by omitted variable problems. In this paper we frame our starting question within the general debate about the importance of good/bad institutions as fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth are in fact driven by the...
Tipo: Working or Discussion Paper Palavras-chave: Economic Development; Tourism Specialization; Institutions; Community/Rural/Urban Development; O11; O50; O47; F43; L83.
Ano: 2010 URL: http://purl.umn.edu/59425
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Eliciting the Demand for Long Term Care Coverage: A Discrete Choice Modelling Analysis AgEcon
Brau, Rinaldo; Bruni, Matteo Lippi.
We evaluate the demand for long term care (LTC) insurance prospects in a stated preference context, by means of the results of a choice experiment carried out on a representative sample of the Emilia-Romagna population. Choice modelling techniques have not been used yet for studying the demand for LTC services. In this paper these methods are first of all used in order to assess the relative importance of the characteristics which define some hypothetical insurance programmes and to elicit the willingness to pay for some LTC coverage prospects. Moreover, thanks to the application of a nested logit specification with ‘partial degeneracy’, we are able to model the determinants of the preference for status quo situations where no systematic cover for LTC...
Tipo: Working or Discussion Paper Palavras-chave: Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/12184
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