Does Infrastructure Alleviates Poverty in Developing Countries?

Infrastructure has largely been ignored in the assessment of poverty in developing countries. This paper attempts to make some contribution in the establishing the ingredients to alleviate poverty by exploring the impact of infrastructure on the urban poor in sample of 20 developing countries, over the period 1980-2005. The results from the static fixed effect and also the dynamic GMM model both reveal that transport and communication infrastructure are indeed an efficient tool in fighting urban poverty. Panel causality analysis also validated the results. Hence the main policy concern is how to improve access of the urban poor to such an asset.Urban Poverty, Infrastructure, Developing Countries

Does Infrastructure Matter In Tourism Development?

This paper investigates the significance of infrastructure as a factor in destination development. The classical demand for international tourism function is extended to include a proxy for infrastructure. An application involving the island of Mauritius is presented whereby total tourist arrivals as well as arrivals from Europe/America, Asia and Africa are modelled. The  findings show that tourists are sensitive to the infrastructure of the island, particularly those from Europe/America and Asia. Tourism infrastructure, income of tourists, distance, and relative prices are important ingredients in their own respect in the tourism demand equation.Keywords: Infrastructure, Tourism, Dynamic Panel dat

The tourism and economic growth enigma: Examining an ambiguous relationship through multiple prisms

This paper revisits the ambiguous relationship between tourism and economic growth, providing a comprehensive study of destinations across the globe which takes into account the key dynamics that influence tourism and economic performance. We focus on 113 countries over the period 1995-2014, clustered, for the first time, around six criteria that reflect their economic, political and tourism dimensions. A Panel Vector Autoregressive model is employed which, in contrast to previous studies, allows the data to reveal any tourism-economy interdependencies across these clusters, without imposing a priori the direction of causality. Overall, the economic-driven tourism growth hypothesis seems to prevail in countries which are developing, non-democratic, highly bureaucratic and have low tourism specialization. Conversely, bidirectional relationships are established for economies which are stronger, democratic and with higher levels of government effectiveness. Thus, depending on the economic, political and tourism status of a destination, different policy implications apply

Tourism and Economic Globalization: An Emerging Research Agenda

Globalization characterizes the economic, social, political, and cultural spheres of the modern world. Tourism has long been claimed as a crucial force shaping globalization, while in turn the developments of the tourism sector are under the influences of growing interdependence across the world. As globalization proceeds, destination countries have become more and more susceptible to local and global events. By linking the existing literature coherently, this study explores a number of themes on economic globalization in tourism. It attempts to identify the forces underpinning globalization and assess the implications on both the supply side and the demand side of the tourism sector. In view of a lack of quantitative evidence, future directions for empirical research have been suggested to investigate the interdependence of tourism demand, the convergence of tourism productivity, and the impact of global events

Integrating destination attributes, political (in)stability, destination image, tourist satisfaction, and intention to recommend: a study of UAE

Very limited attention has hitherto been paid to political-specific issues that may significantly guide the successful formation of destination image. Therefore, the purpose of this article is to examine the interrelationships between destination attributes, political (in)stability, destination image, tourist satisfaction, and intention to recommend, to build a conceptual framework of the drivers and outcomes of destination image. Twelve hypotheses (null and alternative) were developed and examined, using a sample of 829 tourists visiting the UAE. Results show that tourists' evaluation of the destination attributes and political (in)stability act as antecedents of perceived destination image. Furthermore, political (in)stability and destination image have a strong effect on tourist satisfaction and intention to recommend. The current study enhances current theorizations by examining the merits of political (in)stability in models of tourists' intention to recommend. From a practical perspective, the study presents significant implications for destination marketers

Efficiency and Productivity Change of Banks: Evidence from a Small Island Development State

This paper employs a nonparametric approach to estimate the efficiency and productivity of the Mauritian banking sector during 2001-2006. The measurement of efficiency is done using the Data Envelopment Analysis (DEA). Productivity growth is decomposed into technical efficiency and technological change using the Malmquist indices. Using labour, fixed assets and loanable funds as inputs and total loans and fee based income as outputs in the analysis, it is observed that the mean efficiency score of banks in Mauritius when compared to other countries is lower. The Malmquist Total Factor Productivity results obtained indicate that annual productivity growth averaged 4.9% across all commercial banks and was largely attributable to technological progress. The results have important implications for bank managers, policy makers, bank regulators and other stakeholders of the Mauritian economy. It is believed that there is considerable scope for efficiency improvements in this sector, particularly for Mauritian Bank to consolidate and enhance their competiveness in the region

Assessing the contribution of land, sea and air transport capital to the economic performance of the small island state of Mauritius

Research on the contribution of transport capital to economic growth has so far focused on the concept of 'overall' transport capital. The present article innovates by modelling explicitly the contribution of 'disaggregated' transport capital in the form of road, port and airport capital to economic performance. A uniquely constructed time series data set dating back to the year 1950 for the small island state of Mauritius is investigated within a dynamic framework which allows for feedback effects. Essentially, road capital and port capital are found to have a more important contribution to Mauritian economic growth than airport capital.

A comparison of approaches for estimating the effect of women's education on the probability of using modern contraceptive methods in Malawi

The aim of this study is to estimate the effect of education on the probability of married Malawian women using modern contraceptive methods by accounting for both observed and unobserved confounders. We conduct a sensitivity analysis and compare the results of naive models with instrumental variable models to account for the potential endogeneity of education. Our findings demonstrate conflicting results between the two modelling approaches. The naive models report smaller education effects on the probability of using modern contraceptive methods compared to instrumental variable models. We also find that by relaxing the functional form assumption on the effect of continuous covariates, using a flexible instrumental variable model, the education's effect follows a positive, nonlinear pattern. This finding is not observed with a classic instrumental variable model

An Econometric Analysis regarding the path of Non Performing Loans- A Panel Data analysis from Mauritian Banks and Implications for the Banking Industry

The present study pertains to unravelling the internal (bank specific) and external (macroeconomic) determinants of nonperforming loans in Mauritius using annual report data from a panel of 10 existing banks and macroeconomic data for the period 2000 to 2012. The model used in the present instance comprises of a vector of bank specific and macro economic variables which include the inflation rate, lending interest rates, growth of the construction sector and tourism sector as well as global variables such as the Euro zones GDP growth. The model is tested both in a static and dynamic framework. Four estimation techniques are considered, viz Fixed Effects, differenced GMM, System GMM and Random coefficient estimation. The results indicate that, notwithstanding there are many significant factors influencing NPL, the most critical elements nevertheless remain declines in the construction sector and the rise in cross border loans. Interestingly, the study provides important policy insights which centres on the improvement of credit concentration guidelines as well as the modification of the MCIB reportin