Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis

By definition, a country is in recession when it has experienced two quarters of negative GDP growth; in fact, a recession can be defined as a market failure that causes a persistent and substantial increase in unwanted idleness. A recovery period follows a recession, during which idleness returns t...

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Tipo de recurso:
Book
Fecha de publicación:
2019
Institución:
Universidad de Bogotá Jorge Tadeo Lozano
Repositorio:
Expeditio: repositorio UTadeo
Idioma:
eng
OAI Identifier:
oai:expeditiorepositorio.utadeo.edu.co:20.500.12010/17010
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https://content.sciendo.com/view/book/9783110628548/10.2478/9783110628548-006.xml
http://hdl.handle.net/20.500.12010/17010
https://doi.org/10.2478/9783110628548-006
Palabra clave:
Industria del turismo
Análisis de supervivencia multinivel
Ciclos económicos
Mercado de valores
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License
Abierto (Texto Completo)
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dc.title.spa.fl_str_mv Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis
title Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis
spellingShingle Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis
Industria del turismo
Análisis de supervivencia multinivel
Ciclos económicos
Mercado de valores
title_short Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis
title_full Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis
title_fullStr Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis
title_full_unstemmed Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis
title_sort Chapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysis
dc.subject.spa.fl_str_mv Industria del turismo
topic Industria del turismo
Análisis de supervivencia multinivel
Ciclos económicos
Mercado de valores
dc.subject.lemb.spa.fl_str_mv Análisis de supervivencia multinivel
Ciclos económicos
Mercado de valores
description By definition, a country is in recession when it has experienced two quarters of negative GDP growth; in fact, a recession can be defined as a market failure that causes a persistent and substantial increase in unwanted idleness. A recovery period follows a recession, during which idleness returns to normal levels. Business cycles have been one of the less studied and discussed topics in seminal economics literature prior to the Great Recession that began in 2007. Prior to 2007, there was less need for deep study of irregular short-term variations in production, employment or the stock market. Indeed, the period from the end of the disinflation in the mid-1980s to 2007 was one of unprecedented macroeconomic stability in the United States – from where the financial crises in 2008 propagated recessions around the world. The United States went through only two recessions in this period, both of them mild (Romer, 2012: 644). One of the leading explanations of the Great Moderation period was the change in the structure of the economy, demonstrated by things such as the larger role of services and improvements in inventory management (McConnell and Perez-Quiros, 2000; Ramey and Vine, 2004). Another contributor was the improved policies that came with the triumph of the natural-state hypothesis and the emergence of a consensus that inflation should be kept low (Romer, 1999). And a third was simply good luck, in the form of smaller shocks hitting the economy (Stock and Watson, 2003).
publishDate 2019
dc.date.created.none.fl_str_mv 2019
dc.date.accessioned.none.fl_str_mv 2021-02-03T20:11:20Z
dc.date.available.none.fl_str_mv 2021-02-03T20:11:20Z
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dc.identifier.isbn.none.fl_str_mv 978-3-110-62854-8
dc.identifier.other.none.fl_str_mv https://content.sciendo.com/view/book/9783110628548/10.2478/9783110628548-006.xml
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/20.500.12010/17010
dc.identifier.doi.none.fl_str_mv https://doi.org/10.2478/9783110628548-006
identifier_str_mv 978-3-110-62854-8
url https://content.sciendo.com/view/book/9783110628548/10.2478/9783110628548-006.xml
http://hdl.handle.net/20.500.12010/17010
https://doi.org/10.2478/9783110628548-006
dc.language.iso.spa.fl_str_mv eng
language eng
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rights_invalid_str_mv Abierto (Texto Completo)
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dc.format.extent.spa.fl_str_mv 38 páginas
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dc.publisher.spa.fl_str_mv Sciendo
institution Universidad de Bogotá Jorge Tadeo Lozano
bitstream.url.fl_str_mv https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/17010/1/CHAPTER%205_TOURISM%20%26%20TRAVEL%20INDUSTRY%20AND%20ITS%20EFFECT%20OF%20GREAT%20RECESSION_AN%20MULTILEVEL%20SURVIVAL%20ANALYSIS_100.pdf
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spelling 2021-02-03T20:11:20Z2021-02-03T20:11:20Z2019978-3-110-62854-8https://content.sciendo.com/view/book/9783110628548/10.2478/9783110628548-006.xmlhttp://hdl.handle.net/20.500.12010/17010https://doi.org/10.2478/9783110628548-00638 páginasapplication/pdfengSciendoIndustria del turismoAnálisis de supervivencia multinivelCiclos económicosMercado de valoresChapter 5 Tourism & travel industry and its effect of great recession: an multilevel survival analysisAbierto (Texto Completo)https://creativecommons.org/licenses/by-nc-nd/4.0/legalcodehttp://purl.org/coar/access_right/c_abf2By definition, a country is in recession when it has experienced two quarters of negative GDP growth; in fact, a recession can be defined as a market failure that causes a persistent and substantial increase in unwanted idleness. A recovery period follows a recession, during which idleness returns to normal levels. Business cycles have been one of the less studied and discussed topics in seminal economics literature prior to the Great Recession that began in 2007. Prior to 2007, there was less need for deep study of irregular short-term variations in production, employment or the stock market. Indeed, the period from the end of the disinflation in the mid-1980s to 2007 was one of unprecedented macroeconomic stability in the United States – from where the financial crises in 2008 propagated recessions around the world. The United States went through only two recessions in this period, both of them mild (Romer, 2012: 644). One of the leading explanations of the Great Moderation period was the change in the structure of the economy, demonstrated by things such as the larger role of services and improvements in inventory management (McConnell and Perez-Quiros, 2000; Ramey and Vine, 2004). Another contributor was the improved policies that came with the triumph of the natural-state hypothesis and the emergence of a consensus that inflation should be kept low (Romer, 1999). And a third was simply good luck, in the form of smaller shocks hitting the economy (Stock and Watson, 2003).http://purl.org/coar/resource_type/c_2f33Zdravko, ŠergoGržinić, JasminaORIGINALCHAPTER 5_TOURISM & TRAVEL INDUSTRY AND ITS EFFECT OF GREAT RECESSION_AN MULTILEVEL SURVIVAL ANALYSIS_100.pdfCHAPTER 5_TOURISM & TRAVEL INDUSTRY AND ITS EFFECT OF GREAT RECESSION_AN MULTILEVEL SURVIVAL ANALYSIS_100.pdfVer documentoapplication/pdf661012https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/17010/1/CHAPTER%205_TOURISM%20%26%20TRAVEL%20INDUSTRY%20AND%20ITS%20EFFECT%20OF%20GREAT%20RECESSION_AN%20MULTILEVEL%20SURVIVAL%20ANALYSIS_100.pdff97609963acb27bad5b37f85e6777792MD51open accessTHUMBNAILCHAPTER 5_TOURISM & TRAVEL INDUSTRY AND ITS EFFECT OF GREAT RECESSION_AN MULTILEVEL SURVIVAL ANALYSIS_100.pdf.jpgCHAPTER 5_TOURISM & TRAVEL INDUSTRY AND ITS EFFECT OF GREAT RECESSION_AN MULTILEVEL SURVIVAL ANALYSIS_100.pdf.jpgIM Thumbnailimage/jpeg16588https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/17010/3/CHAPTER%205_TOURISM%20%26%20TRAVEL%20INDUSTRY%20AND%20ITS%20EFFECT%20OF%20GREAT%20RECESSION_AN%20MULTILEVEL%20SURVIVAL%20ANALYSIS_100.pdf.jpgf64c5ab3a4149c7f757c65062d70ea64MD53open accessLICENSElicense.txtlicense.txttext/plain; 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