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  <title>EconStor Community:</title>
  <link rel="alternate" href="https://hdl.handle.net/10419/280751" />
  <subtitle />
  <id>https://hdl.handle.net/10419/280751</id>
  <updated>2026-05-01T14:23:01Z</updated>
  <dc:date>2026-05-01T14:23:01Z</dc:date>
  <entry>
    <title>One year after the adjustment of Galápagos entrance fees: Are there changes in tourist demand?</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/337474" />
    <author>
      <name>Silva-Zambrano, Carlos</name>
    </author>
    <author>
      <name>Aravena, Claudia</name>
    </author>
    <author>
      <name>McLaughlin, Eoin</name>
    </author>
    <author>
      <name>Viteri, Cesar</name>
    </author>
    <id>https://hdl.handle.net/10419/337474</id>
    <updated>2026-03-04T03:16:06Z</updated>
    <published>2026-01-01T00:00:00Z</published>
    <summary type="text">Title: One year after the adjustment of Galápagos entrance fees: Are there changes in tourist demand?
Authors: Silva-Zambrano, Carlos; Aravena, Claudia; McLaughlin, Eoin; Viteri, Cesar
Abstract: The Galápagos Islands face the challenge of conserving their biodiversity while moving toward a more sustainable tourism model. In August 2024, after 24 years without changes, the entrance fee for the Galápagos National Park and Marine Reserve was updated: from USD 100 to USD 200 for foreign visitors and from USD 6 to USD 30 for Ecuadorians. Comparing surveys conducted in 2024 and 2025, this policy brief examines how attitudes, spending, and satisfaction of tourists have evolved over time. Results show a decline in the share of visitors who were aware of the entrance fee adjustment, along with growing support for the measure among international tourists. Average spending and satisfaction levels remained stable for both domestic and foreign visitors, indicating that the adjustment did not affect tourism demand at the aggregate level. The findings highlight the need to strengthen participatory processes for co-creating and redesigning site-management plans; identify investment priorities for maintaining, renovating, and improving the accessibility of visit sites; and ensure transparent and efficient management of collected revenues to facilitate the timely implementation of conservation, ecological restoration, and local development actions.</summary>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Taking a punt: Monetary experimentation and the Irish macroeconomic crisis of 1955-56</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/311198" />
    <author>
      <name>McLaughlin, Darragh</name>
    </author>
    <author>
      <name>McLaughlin, Eoin</name>
    </author>
    <author>
      <name>Kenny, Seán</name>
    </author>
    <id>https://hdl.handle.net/10419/311198</id>
    <updated>2025-02-19T02:22:47Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Taking a punt: Monetary experimentation and the Irish macroeconomic crisis of 1955-56
Authors: McLaughlin, Darragh; McLaughlin, Eoin; Kenny, Seán
Abstract: The 1955-56 macroeconomic crisis is a central event in modern Irish history. Yet, despite this centrality, its causes are not clearly understood. In 1955-6, Ireland, which had previously followed British interest rates in lockstep as part of its fixed exchange with the latter, briefly experimented with independent monetary policy. Our contribution is twofold. First, we highlight how the Irish response was based on a misunderstanding of a run on Sterling in 1955. Second, we focus on a series of monetary shocks taking place from January 1955 to February 1956. We construct yields for Irish and UK public debt, as well as bank share indices at a daily frequency (1954-6), to test whether the shock was transmitted via financial markets. Employing an event study and testing for structural breaks, we explore the institutional framework through which the mechanisms of the crisis occurred. We find that expansionary monetary policy can only be maintained with sufficient reserves, merely postponing the inevitability of capital flight which is observed in the banking sector.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Predictive power of oil prices on CDS spread dynamics of oil-producing countries</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/313644" />
    <author>
      <name>Wegener, Christoph</name>
    </author>
    <author>
      <name>Basse, Tobias</name>
    </author>
    <author>
      <name>Maiani, Stefano</name>
    </author>
    <author>
      <name>Nguyen, Tam Huu</name>
    </author>
    <id>https://hdl.handle.net/10419/313644</id>
    <updated>2025-04-25T02:01:45Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Predictive power of oil prices on CDS spread dynamics of oil-producing countries
Authors: Wegener, Christoph; Basse, Tobias; Maiani, Stefano; Nguyen, Tam Huu
Abstract: This paper employs predictive regressions to explore the predictability of sovereign Credit Default Swap (CDS) spread dynamics of relevant oil-producing countries. By incorporating oil prices and additional control variables, we predict the rate of CDS spread changes for Brazil, the UK, Malaysia, Norway, Qatar, Russia, Saudi Arabia, the US, and Venezuela. Our findings reveal that (i) the empirical coefficients of determination (R 2 ) indicate low in-sample predictability for our entire period of analysis (2010-2024), the R 2 increases markedly when dividing the analysis period into more relevant sub-samples (2010-2016 and 2016-2024); (ii) oil prices are not significant predictors for the full period but become significant in many regressions within sub-samples; (iii) for countries where oil prices are significant in both sub-samples, the coefficient sign changes from negative to positive, suggesting that in more recent years, rising (falling) oil prices signal increasing (decreasing) geopolitical risk, positively (negatively) influencing CDS spreads.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Adjustment of entry fees to the Galapagos National Park: Tourist attitudes and perceptions</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315466" />
    <author>
      <name>Silva-Zambrano, Carlos</name>
    </author>
    <author>
      <name>Aravena, Claudia</name>
    </author>
    <author>
      <name>McLaughlin, Eoin</name>
    </author>
    <author>
      <name>Viteri, Cesar</name>
    </author>
    <id>https://hdl.handle.net/10419/315466</id>
    <updated>2025-04-25T02:01:46Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Adjustment of entry fees to the Galapagos National Park: Tourist attitudes and perceptions
Authors: Silva-Zambrano, Carlos; Aravena, Claudia; McLaughlin, Eoin; Viteri, Cesar
Abstract: This policy brief summarises key findings from the project Hidden Barriers to Conservation-Addressing Social Acceptability to Enhance Effective Management in the Galapagos Marine Reserve, conducted by Heriot-Watt University with the support of The Rufford Foundation, in collaboration with the Charles Darwin Foundation and the Galapagos National Park Directorate. It discusses tourist attitudes towards changes in entry fee policies in the Galapagos National Park. As one of the most biodiverse places on Earth, the Galapagos face several challenges for its conservation and sustainable development, including increased anthropogenic pressure due to the rapid growth of tourism. To address this, entry fees have been adjusted for the first time in 25 years, with the aim of regulating visitor flow while generating additional resources for the national park management. Entry fees are a key tool for managing nature-based tourism, and their adjustment is essential to restoring their effectiveness. However, little is known about how these changes impact the tourism sector. By analysing tourist attitudes and perceptions during the fee increase period, this study provides recommendations to guide future entry fee adjustments and the allocation of additional funds collected. Ultimately, these recommendations aim to facilitate an effective and timely implementation of entry fee policies, supporting both the conservation of biodiversity and the sustainable management of the Galapagos.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
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