Adamos Adamou

Prospects and Limits of Tourism-Led Growth: The International Evidence

We investigate the relationship between tourism specialization and economic growth. We deviate from previous studies - which have reported mixed evidence - by allowing the relationship to take a nonlinear form. We find that tourism specialization is associated with higher rates of economic growth at relatively low levels of specialization but eventually diminishing returns set in and tourisms contribution becomes minimal. The policy lesson is that there is promise for tourism-led growth in developing countries but other economic activities must also be developed in order to carry the economy forward once the potential of tourism-led growth has been exhausted.

Welfare Implications of Car Feebates: A Simulation Analysis

Vehicle taxation based on emissions is increasingly being adopted worldwide to shift consumer purchases to low‐carbon cars, yet evidence on its effectiveness and economic impact is limited. We focus on feebate schemes, which impose a fee on high‐carbon vehicles and give a rebate to low‐carbon cars. We estimate demand for passenger cars in Germany and simulate the impact of alternative feebate schemes on emissions, consumer welfare, public revenues and firm profits. We find that revenue‐neutral feebate schemes are welfare decreasing; welfare can only increase with schemes that increase tax revenues at the expense of consumer and producer surplus.

The Impact of R&D and FDI on Firm Growth in Emerging-Developing Countries: Evidence from Indian Manufacturing Industries

This paper examines the impact of RD where as the effect of increase in FDI is mixed - higher growth in some industries and lower growth in some others. Furthermore, Gibrats law is not only rejected by our main model but it is also rejected by a unit root test for unbalanced panel datasets. This provides strong evidence in favor of our model. Finally, firm growth is negatively associated with its size and it is convex with respect to its age. The fact that firm growth is not diminishing convex - but just convex - with respect to age, contradicts the Jovanovics argument that younger firms tend to grow faster than their older counterparts. With respect to firm growth, the absence of learning-effects appears to be the main difference between emerging-developing and developed countries.

Welfare Implications of Automobile Feebates: A Simulation Analysis

Vehicle taxation based on CO2 emissions is increasingly being adopted worldwide in order to shift consumer purchases to low-carbon cars, yet evidence on its effectiveness and economic impact is limited. We focus on feebate schemes, which impose a fee on high-carbon vehicles and give a rebate to low-carbon automobiles. We estimate demand for automobiles in Germany and simulate the impact of alternative feebate schemes on emissions, consumer welfare, public revenues and firm profits. We find that revenue-neutral feebate schemes are welfare-decreasing; welfare can only increase with schemes that increase tax revenues at the expense of consumer and producer surplus.

Designing Carbon Taxation Schemes for Automobiles: A Simulation Exercise for Germany

Vehicle taxation based on CO2 emissions is increasingly being adopted worldwide in order to shift consumer purchases to low-carbon cars, yet little is known about the effectiveness and overall economic impact of these schemes. We focus on feebate schemes, which impose a fee on high-carbon vehicles and give a rebate to purchasers of low-carbon automobiles. We estimate a discrete choice model of demand for automobiles in Germany and simulate the impact of alternative feebate schemes on emissions, consumer welfare, public revenues and firm profits. The analysis shows that a well-designed scheme can lead to emission reductions without reducing overall welfare.

Missing women in the United Kingdom

AbstractThis paper investigates the gender-selection decisions of immigrants in the United Kingdom, using data from the 1971–2006 General Household Survey. We examine sex-selection in the UK among immigrant families and the gender composition of previous births, conditional on socio-economic characteristics. Our key result is that better-educated immigrants balance their family after the birth of two sons, by having a daughter thereafter. Our study also is the first to estimate the number of missing women among Asian immigrants in a European country, contributing to research on the US and Canada that missing women are also a phenomenon of the developed world.JEL codesJ13, J15, O52, Z13