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    <title>EconStor Community: Institut für Weltwirtschaft (IfW)</title>
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      <title>Cruise tourism externalities and residents' support: A generalized ordered logit analysis</title>
      <link>http://hdl.handle.net/10419/54947</link>
      <description>Titel: Cruise tourism externalities and residents' support: A generalized ordered logit analysis
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&lt;br/&gt;Autoren: Brida, Juan Gabriel; Del Chiappa, Giacomo; Meleddu, Marta; Pulina, Manuela
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&lt;br/&gt;Zusammenfassung: This paper investigates residents' preferences towards cruise tourism investment in their home port. The research uses data collected during the peak cruise season in 2011 at Messina, a port of call in Sicily, Italy. A generalized ordered logit analysis is run to analyse what factors influence the residents' preferences towards investment in cruise tourism. Positive and negative externalities produced by this economic activity, as well as socio-demographic and economic determinants are taken into account. Overall, the resource investment choice of residents in Messina was dependent upon: their income dependency on the cruise activity, their own personal cruise experience, family size, the expected increase in welfare (i.e. increase in public and private investment), whether they are affected by urban and rural gentrification and the value placed on community life style and heritage conservation. Nevertheless, residents would tend to decrease investments in cruise activity if they are female, retired or perceive the environment to be deteriorating. Implications for policy makers are drawn from the empirical findings.</description>
      <pubDate>Sat, 29 Oct 2011 22:58:59 GMT</pubDate>
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    <item>
      <title>The wage premium of globalization: Evidence from European mergers and acquisitions</title>
      <link>http://hdl.handle.net/10419/54946</link>
      <description>Titel: The wage premium of globalization: Evidence from European mergers and acquisitions
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&lt;br/&gt;Autoren: Oberhofer, Harald; Stöckl, Matthias; Winner, Hannes
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&lt;br/&gt;Zusammenfassung: We provide evidence on the impact of globalization on labor market outcomes analyzing pay differences between foreign-acquired and domestically-owned firms. For this purpose, we use firm level data from 16 European countries over the time period 1999-2006. Applying propensity score matching techniques we estimate positive wage premia of cross-boarder merger and acquisitions (M&amp;As), suggesting that foreign acquired firms exhibit higher short-run (post-acquisition) wages than their domestic counterparts. The observed wage disparities are most pronounced for low paying firms (with average wages below the median). Finally, we find systematic wage premia in Western European countries, but not so in Eastern Europe.</description>
      <pubDate>Sat, 29 Oct 2011 22:58:59 GMT</pubDate>
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    <item>
      <title>The effect of tourism on crime in Italy: A dynamic panel approach</title>
      <link>http://hdl.handle.net/10419/54945</link>
      <description>Titel: The effect of tourism on crime in Italy: A dynamic panel approach
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&lt;br/&gt;Autoren: Biagi, Bianca; Brandano, Maria Giovanna; Detotto, Claudio
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&lt;br/&gt;Zusammenfassung: The purpose of this paper is to demonstrate that, all else being equal, for the case of Italy, tourist areas tend to have a greater amount of crime than non-tourist areas in the long run. Following the literature of the economics of crime à la Becker (1968) and Ehrlich (1973) and using a system GMM approach for the time span 1985-2003, the authors empirically test whether total crime in Italy is affected by tourist arrivals. Findings confirm the initial intuition of a positive relationship between tourism and crime in destinations. When controlling for the difference between tourists and residents in the propensity to be victimized, no relevant differences are found: the likelihood to be victimized is quite similar for the two groups. As a consequence, agglomeration and urbanisation effects seem to be the main explanation for the impact of tourism on crime. One can image that overcrowded cities provide more opportunities to criminals to commit illegal activities regardless of the number of visitors and residents in destinations.</description>
      <pubDate>Sat, 29 Oct 2011 22:58:59 GMT</pubDate>
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    <item>
      <title>Country inequality rankings and conversion schemes</title>
      <link>http://hdl.handle.net/10419/54944</link>
      <description>Titel: Country inequality rankings and conversion schemes
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&lt;br/&gt;Autoren: Schröder, Carsten; Bönke, Timm
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&lt;br/&gt;Zusammenfassung: Two conversion schemes are usually employed for assessing personal-income inequality from household equivalent incomes: to weight household units by size or by needs. Using data from the Luxembourg Income Study, the authors show the sensitivity of country inequality rankings to conversion schemes and explain the finding by means of inequality decomposition. A bootstrap approach is implemented to test for statistical significance of the results.</description>
      <pubDate>Sat, 29 Oct 2011 22:58:59 GMT</pubDate>
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