Tag: R11

TECHNOLOGICAL CHANGE, TECHNOLOGICAL CATCH-UP AND MARKET POTENTIAL: EVIDENCE FROM THE EU REGIONS

Dimitris KALLIORAS

Associate Professor, Department of Planning and Regional Development, University of Thessaly, ORCID ID: 0000-0003-3060-3745

dkallior@uth.gr

Nickolaos TZEREMES

Associate Professor, Department of Economics, University of Thessaly,ORCID ID: 0000-0002-6938-3404

bus9nt@uth.gr

Panayiotis TZEREMES

Assistant Professor, Department of Accounting and Finance, University of Thessaly, ORCID ID: 0000-0002-0746-3839

tzeremes@uth.gr

Maria ADAMAKOU

PhD Candidate, Department of Planning and Regional Development, University of Thessaly

madamakou@uth.gr

Abstract

The paper examines the way(s) market potential affects the EU regions’ technological change and technological catch-up. The analysis refers to a sample of 263 NUTS II EU regions and covers the period 1995-2008 (i.e. prior to the outburst of the economic crisis). On the basis of the latest advances of nonparametric frontier analysis, and in the presence of dynamic effects, time-dependent conditional nonparametric frontiers are developed. The incorporation of the dynamic effects of the EU regions’ market potential conditions, allows for modelling the corresponding effects on technological change and technological catch-up. The findings of the paper provide valuable insight to both theory and policy-making, revealing that, within the integrated EU space, market potential acts as a technology-initiating factor, creating asymmetric effects and leaving a distinct “spatial footprint” with respect to the processes of technological change and technological catch-up.

Keywords: technological change, technological catch-up, market potential, EU regions, nonparametric frontier analysis

JEL classification: C14, O3, R11

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ENVIRONMENTAL COOPERATION AS A WAY OF DEVELOPING ECO-TOURISM IN THE ARCTIC REGION

Raisa M. IVANOVA

Associate Professor at the Department of Tourism and Hospitality, Bunin Yelets State University, Yelets, Russian Federation

ivanova5438@ubogazici.in

Olga V. SKROBOTOVA

Head of Department of Tourism and Hospitality, Bunin Yelets State University, Yelets, Russian Federation

skrobotova5438@murdoch.in

Nadezhda K. MARTYNENKO

Professor at the Department of Economics and Socio-Humanities, M.K. Ammosov North-Eastern Federal University, Yakutsk, Russian Federation

mar-vol@tanu.pro

Olga S. TAMER

Professor at the Department of Applied Mathematics and Natural Science Disciplines, Tyumen Industrial University, Tyumen, Russian Federation

tamer.o@nuos.pro

Anatoly V. KOZLOV

Professor at the Department of Transport, Oil and Gas Technology, Tyumen Industrial University, Tyumen, Russian Federation

an-kozlov@uohk.com.cn

Abstract

Tourism as a means of diversifying economic development can only be considered in those regions that have enough tourism potential. The application of tourism management methods in the region requires factoring in the specifics of the region itself and the possibility of increasing the number of inbound tourists. The relevance of the study is determined by the fact that the number of regions that can offer a competitive product is quite small and tourism is often their main income category. The novelty of the study is that the Arctic region is subsidized and often the region’s economy is focused only on the extraction and processing of minerals. Attraction of tourists is limited due to climatic and infrastructural conditions. As a novelty of the study, the question of how to build infrastructure and provide a management model in the Arctic region is considered, provided that the model meets the standards of public administration. The practical application of the research results can be achieved on the condition that each of the participants in the public administration process can implement a regional development program at the level of the Arctic regions. The main task will be considered the process of formation of a competitive environmental and managerial environment upon financing with self-supporting forms.

Keywords: conditions for the development of tourism, the construction of tourist facilities, entrepreneurial activity in tourism activity, tourist demand, study programs at universities.

JEL classification: Q57, R11, Z32

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A NOTE ON THE USE OF AMENITIES TO ATTRACT CREATIVE CLASS MEMBERS TO A CITY

Amitrajeet A. BATABYAL

Arthur J. Gosnell Professor of Economics, Department of Economics, Rochester Institute of Technology, Rochester, NY 14623-5604, USA

aabgsh@rit.edu

Seung Jick YOO

Associate Professor, Sookmyung Women’s University, Seoul, Republic of Korea

sjyoo@sookmyung.ac.kr

Corresponding Author

Abstract

We study the decision problem faced by a city authority (CA) who seeks to attract members of the creative class to his city by providing amenities. Creative class members care about their own incomes and about the amenities that the city provides. We construct a stylized model of this interaction and shed light on three questions. First, we determine how much additional income must be paid to a representative creative class member to maintain her utility if amenities are withdrawn. Second, we compute the cost of generating amenity benefits that equal a specific fraction of the representative creative class member’s income. Finally, we discuss whether the provision of amenity benefits is a cost-effective way of raising the representative creative class member’s utility.

Keywords: Amenity Benefits, City Authority, Cost-Effectiveness, Creative Class, Income

JEL classification: R11, R50

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