International Journal of Econometrics and Financial Management

ISSN (Print): 2374-2011

ISSN (Online): 2374-2038

Editor-in-Chief: Tarek Sadraoui

Website: http://www.sciepub.com/journal/IJEFM

   

Article

The Identification and Prioritization of the Gastronomic Tourism Development Strategies

1Department of Management, University of Tehran, Tehran, Iran


International Journal of Econometrics and Financial Management. 2016, 4(3), 53-61
doi: 10.12691/ijefm-4-3-1
Copyright © 2016 Science and Education Publishing

Cite this paper:
Parisa Saadat, Sepideh Aghayari. The Identification and Prioritization of the Gastronomic Tourism Development Strategies. International Journal of Econometrics and Financial Management. 2016; 4(3):53-61. doi: 10.12691/ijefm-4-3-1.

Correspondence to: Parisa  Saadat, Department of Management, University of Tehran, Tehran, Iran. Email: Saadat.parisa@ut.ac.ir

Abstract

The fabulous role of tourism industry in the growth of countries economy is undeniable. As a result, every country attempts to develop this industry in its territory. Undoubtedly, understanding of all the aspects of this industry and a thorough planning would greatly help the progress of each government. Due to the importance of breakdown of various types of tourism for all sectors, this study has considered the identification and prioritization of the gastronomic tourism development strategies. Iran is a historical country and every region has its unique style of cooking and its own history. Considering the potentiality of Iran in gastronomic tourism, we attempted to survey the expert attitudes on gastronomic tourism development strategies and rank them using the analytic hierarchy process (AHP). Unfortunately, gastronomic tourism has been disregarded, this study can provide good information for the planners and policy-makers.

Keywords

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Article

Ponzi of All Ponzis: Critical Analysis of the Bernie Madoff Scheme

1Servant Consulting Group


International Journal of Econometrics and Financial Management. 2017, 5(1), 1-6
doi: 10.12691/ijefm-5-1-1
Copyright © 2017 Science and Education Publishing

Cite this paper:
William L. Quisenberry. Ponzi of All Ponzis: Critical Analysis of the Bernie Madoff Scheme. International Journal of Econometrics and Financial Management. 2017; 5(1):1-6. doi: 10.12691/ijefm-5-1-1.

Correspondence to: William  L. Quisenberry, Servant Consulting Group. Email: william.quisenberry@gmail.com

Abstract

Bernie Madoff perpetrated the largest Ponzi scheme in American history, by utilizing a fraud methodology that dates back to the mid 1800s. Madoff was able to steal roughly $65 billion dollars, during the course of multiple decades. Due to the elaborate nature of the fraud and the reputable public perception of Madoff, the scheme not only went uncovered after multiple Securities and Exchange Commission (SEC) tips and pre-investigations, but also continued to grow and increase in popularity, among investors worldwide. The SEC conducted haphazard investigations and utilized inexperienced examiners that lacked support and guidance from senior leaders. The SEC also had understaffed personnel, which kept over-worked investigators from thoroughly examining Madoff’s network. In this research paper, the author provides a critical analysis of the entire incident and also broadens the discussion to capture lessons learned, while extrapolating the details to consider fraud prevention techniques that can be used by organizations of all sizes, in multiple industries. The author offers recommendations to investors to reduce the potential of falling victim to future Ponzi schemes and/or other fraudulent behavior in corporate settings. The research includes recommendations for investigators so they are prepared to quickly discover and eliminate Ponzi schemes and other fraudulent activities, while mitigating losses. Lastly, insight into the reform and modifications that have occurred within the SEC as a result of the Madoff Ponzi scheme will be reviewed.

Keywords

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Article

What Factors are Crucial to Chinese Economic Growth? A Study Based on DEA and Panel Data

1Collaborative Innovation Center for 21st-Century Maritime Silk Road Studies, Institute of City Strategy Studies, Guangdong University of Foreign Studies, Guangzhou, China


International Journal of Econometrics and Financial Management. 2017, 5(1), 7-11
doi: 10.12691/ijefm-5-1-2
Copyright © 2017 Science and Education Publishing

Cite this paper:
Miao Fu. What Factors are Crucial to Chinese Economic Growth? A Study Based on DEA and Panel Data. International Journal of Econometrics and Financial Management. 2017; 5(1):7-11. doi: 10.12691/ijefm-5-1-2.

Correspondence to: Miao  Fu, Collaborative Innovation Center for 21st-Century Maritime Silk Road Studies, Institute of City Strategy Studies, Guangdong University of Foreign Studies, Guangzhou, China. Email: cnfm@163.com

Abstract

This paper estimates total factor productivity of Chinese economy with a DEA Malmquist approach. The productivity is then used as a representative of technological progress in a growth model. The growth model analyse the effects of capital, labour, technology, globalisation, marketization and infrastructure on economic growth, based on provincial panel data. It is found that after 2002, productivity of Chinese economy reaches a positive growth rate and has a positive and relatively large output elasticity (0.54) for the economic growth. Technical change is a major contributor to the productivity growth. However, technical efficiency does not demonstrate significant growth during the focal period. The analysis also reveals that Chinese economic growth in the past years was mainly capital-driven, with a largest output elasticity of 0.61 and high growth rates of capital formation. The elasticity of labour, 0.47, is significantly large too, partially due to the migration of rural workers from agricultural sectors to industrial sectors and the improvement of labour quality. Infrastructure also has a positive impact on economic growth. The impacts of globalisation, marketization and FDI are insignificant.

Keywords

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