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Tourism Trends And Patterns: What Are The Determining Factors?, Courtney Chais Jun 2008

Tourism Trends And Patterns: What Are The Determining Factors?, Courtney Chais

Honors Theses

Travel and tourism stimulates economic growth, investment and foreign trade. Almost 1/6 of the world’s population traveled to an international destination in 2005. Annual data show that international tourist arrivals are continuing to grow, but what variables determine where tourists decide to travel? The ideas of many past studies were examined to decide which variables to consider for my model. This study used a particular set of five destination countries as proxies for the five regions categorized by the World Tourism Organization. This allows the economic model to capture any area-specific characteristics. Data from over 150 origin countries are used …


Three Essays On Stock Market Volatility, Qianru Li May 2008

Three Essays On Stock Market Volatility, Qianru Li

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Volatility is inherently unobservable, and thus the selection of models and their definition is crucial in financial research. This dissertation attempts to check the role of investor sentiment and forecast Value-at-Risk (VaR) of the stock market using both parametric and nonparametric approaches. In the first essay, based on daily return data of three stock indices and four individual stocks from January 1988 to December 2006, the role of day-of-the-week, as well as investor sentiment, is examined using two approaches: linear regression to test investor sentiment effect on stock returns and Logit regression to test the investor sentiment effect on market …


Long And Short-Term Effects Of Regime Change On Emerging And Established Markets, Joseph Edward Mayne Jan 2008

Long And Short-Term Effects Of Regime Change On Emerging And Established Markets, Joseph Edward Mayne

Theses Digitization Project

The purpose of this study was to examine a 149-day period surrounding the capture of former Iraqi leader Saddam Hussein on December 13th, 2003. Daily stock returns were obtained from ten major stock market indexes, five from emerging Middle Eastern countries and five from established markets such as the United States and Japan. The ultimate significance of this study is that it can provide insight into whether or not the change of regime in Iraq had a stabilizing or destabilizing impact on the emerging markets of Iraq. This can shed light on future political escalation of violent conflict and give …


Portfolio Construction: The Efficient Diversification Of Marketing Investments, Michael P. Haydock Jan 2008

Portfolio Construction: The Efficient Diversification Of Marketing Investments, Michael P. Haydock

Walden Dissertations and Doctoral Studies

Efforts in the marketing sciences can be distinguished between the analysis of individual customers and the examination of portfolios of customers, giving scarce theoretical guidance concerning the strategic allocation of promotional investments. Yet, strategic asset allocation is considered in financial economics theory to be the most important set of investment decisions. The problem addressed in this study was the application of strategic asset allocation theory from financial economics to marketing science with the aim of improving the financial results of investment in direct marketing promotions. This research investigated the components of efficient marketing portfolio construction which include multiattribute numerical optimization, …