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  • 1
    Language: English
    In: Journal of Air Transport Management, 2011, Vol.17(1), pp.27-32
    Description: Many would consider that the current reliance on air transport is environmentally unsustainable, especially given its impacts on climate change and its use of non-renewable resources. In addition, financial sustainability is often seen as inconsistent with environmental sustainability. The conclusions here are otherwise. Air transport does contribute to greenhouse gas emissions, but the climate change problem is a general one, and while addressing it has a cost, this cost is minimised when air transport is required to bear the environmental costs that it imposes. The reliance on non-renewable resources does give rise to a sustainability problem. There is not likely to be a problem of lack of financial sustainability of the industry, though addressing environmental objective will lead to a reduction in performance in the short run. Both environmental and financial sustainability of air transport can be achieved, as long as efficient policies are adopted. ► The paper finds that the current reliance on air transport is overall environmentally sustainable. ► Some sectors of air transport are unlikely to be environmentally sustainable and it is important that policies ensure that the new structure is optimal, ► Both environmental and financial sustainability of air transport can be achieved, as long as efficient policies are adopted. ► There is a need to internalize the costs of air transport but in doing so the incentives generated will lead to the more efficient use of non-renewable resources.
    Keywords: Environmental Sustainability ; Financial Sustainability ; Climate Change ; Non Renewable Resources ; Greenhouse Gas Emissions ; Economics
    ISSN: 0969-6997
    E-ISSN: 1873-2089
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  • 2
    Language: English
    In: Annals of Tourism Research, 2014, Vol.46, p.1(15)
    Description: To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.annals.2013.12.003 Byline: Peter Forsyth, Larry Dwyer, Ray Spurr Abstract: acents Dutch Disease is analysed in a novel context with tourism as the declining sector. acents Changes in Australian inbound, outbound and domestic tourism explained in terms of Dutch Disease. acents CGE modelling confirms that Australian tourism is suffering Dutch Disease. acents The discussion highlights the challenges presented to destination managers. acents The findings are relevant to any destination which has a booming (non tourism) export sector. Article History: Received 22 March 2013; Revised 11 August 2013; Accepted 2 December 2013
    Keywords: Tourism Promotion – Analysis ; Tourism – Analysis
    ISSN: 0160-7383
    Source: Cengage Learning, Inc.
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  • 3
    Language: English
    In: Tourism Management, Feb, 2014, Vol.40, p.126(11)
    Description: To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.tourman.2013.05.011 Byline: Peter Forsyth, Larry Dwyer, Ray Spurr, Tien Pham Abstract: This study estimates the flow and expenditure effects of the recent increase in Australia's Passenger Movement Charge (PMC), as well as the economic impacts on the Australian economy and the tourism industry. After discussing the nature of the PMC, it outlines the types of industry stakeholder concerns as to its effects on tourism both before and after the recent increase. It then presents a framework developed by the authors that can be used to distinguish the effects of the increased PMC on the wider economy and on different tourism markets. A computable general equilibrium model is then used to estimate the economic impacts of the increased charge on different Australian tourism markets - inbound, outbound and domestic. The implications of the modelling results for the validity of the industry criticisms of the PMC are discussed. The results confirm that the tourism industry will suffer, though it also indicates that the Australian economy will gain - thus there is a clash between the industry and wider economic interests. The types of issues addressed in this paper can inform policy making regarding the gainers and losers from departure tax increases in tourism destinations generally. Author Affiliation: (a) Department of Economics, Monash University, Clayton, Victoria 3800, Australia (b) School of Marketing, Australian School of Business University of New South Wales, NSW 2052, Australia (c) School of Tourism, University of Queensland, St. Lucia, Queensland 4072, Australia Article History: Received 7 February 2013; Accepted 21 May 2013
    Keywords: Tourism -- Economic Aspects ; Tourism -- Analysis
    ISSN: 0261-5177
    Source: Cengage Learning, Inc.
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  • 4
    Language: English
    In: European journal of operational research : EJOR, 2011, Vol.209(2), pp. 184-201
    Description: We develop a numerical scheme for determining the optimal asset allocation strategy for time-consistent, continuous time, mean variance optimization. Any type of constraint can be applied to the investment policy. The optimal policies for time-consistent and pre-commitment strategies are compared. When realistic constraints are applied, the efficient frontiers for the pre-commitment and time-consistent strategies are similar, but the optimal investment strategies are quite different.
    Keywords: Engineering ; Business ; Computer Science;
    ISSN: 03772217
    E-ISSN: 18726860
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  • 5
    Language: English
    In: Journal of Air Transport Management, 2014, Vol.41, p.38(7)
    Description: To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jairtraman.2014.06.014 Byline: Peter Forsyth Abstract: The economic approach (as compared to the traditional exchange of rights approach) to evaluating international aviation liberalisation proposals is gradually becoming more commonly used. With it, the various benefits and costs of liberalisation are assessed in a cost benefit framework. This approach is used to develop a framework to evaluate whether Germany will gain or lose from allowing airlines of the United Arab Emirates, and specifically Emirates Airlines, to fly to Berlin. This is something that the German government has so far refused. The economic approach is still evolving, and several new aspects of cost and benefits are being recognised and evaluated, for example the implications of foreign ownership of airlines, and benefits from inbound tourism. In this paper, a framework for determining whether Germany will gain from allowing these airlines access to Berlin is set out, and indicative conclusions are drawn. Author Affiliation: Monash University, Australia
    ISSN: 0969-6997
    Source: Cengage Learning, Inc.
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  • 6
    Language: English
    In: Journal of Air Transport Management, 2011, Vol.17(1), pp.49-56
    Description: Recent years have seen a global trend towards the emergence of multi-airport companies operating at a global scale. This paper employs industrial and transaction costs economics to identify the main drivers that shape the patterns of international cross-ownership structures that have emerged in the airport industry. In addition, implications for competition and competition policy are drawn. ► This paper employs industrial and transaction costs economics to identify the main drivers shaping the international cross-ownership structures in the airport industry. ► While there has been consolidation of airports through mergers less formal arrangements are uncommon despite the ease with which even international alliances can be formed. ► Mergers largely seem to be driven by considerations of efficiency, for example relating to transfer of know-how, rather than for narrow rent seeking purposes.
    Keywords: Airport Economics ; Mergers and Alliances ; Airport Competition ; Economics
    ISSN: 0969-6997
    E-ISSN: 1873-2089
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  • 7
    Language: English
    In: Journal of the National Cancer Institute, 01 October 2018, Vol.110(10), pp.1139-1140
    Keywords: Neoplasms ; Oncolytic Virotherapy ; Oncolytic Viruses
    ISSN: 00278874
    E-ISSN: 1460-2105
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  • 8
    Language: English
    In: Annals of Tourism Research, January 2016, Vol.56, pp.65-79
    Description: The real exchange rate (REX) has long been used as the proxy for prices in tourism demand models. However it has limitations, particularly when it comes to models of outbound tourism. As an alternative, a price competitiveness index (PCI) is developed and used as a proxy for prices in a model of outbound tourism from Australia. Results obtained show that while REX is statistically insignificant and yields a price elasticity of −0.002, PCI is significant and generates a price elasticity of −1.07. The results obtained show that PCI outperforms REX as the preferred price variable in modelling outbound demand on both theoretic and empirical grounds. Furthermore, this index can be used to monitor the inter-temporal competitiveness of a destination.
    Keywords: Price Competitiveness Index ; Outbound Tourism ; Dynamic Panel Data ; Price Elasticity ; Australia ; Geography
    ISSN: 0160-7383
    E-ISSN: 1873-7722
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  • 9
    Language: English
    In: Annals of Tourism Research, May 2014, Vol.46, pp.1-15
    Description: As a result of Australia’s boom in exports of minerals to China and Asian economies, its currency has risen substantially against other leading currencies. The higher exchange rate has posed significant problems for traditional export and import competing industries, one of which is tourism. Computable general equilibrium modelling of the impacts of the mining boom on tourism confirms the Dutch Disease effect. The discussion highlights how recent changes in Australian inbound, outbound and domestic tourism can be explained from the perspective of Dutch Disease. Four different policy responses are then discussed, such as improving Australia’s competitiveness. The discussion has implications for destinations worldwide that are experiencing export booms in commodities other than tourism.
    Keywords: Dutch Disease ; Australia ; Destination Management ; Tourism Exports and Imports ; Exchange Rates ; Resource Movements ; Geography
    ISSN: 0160-7383
    E-ISSN: 1873-7722
    Source: ScienceDirect Journals (Elsevier)
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  • 10
    Language: English
    In: Annals of Tourism Research, May, 2014, Vol.46, p.130(14)
    Description: To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.annals.2014.03.009 Byline: Larry Dwyer, Neelu Seetaram, Peter Forsyth, Brian King Abstract: acents The drivers and dynamics of migrant related tourism are not well understood. acents The analysis identifies a strong quantitative link between migration and VFR tourism. acents Migration numbers impact upon total and non-VFR tourism. acents This results have implications for policymakers. acents This study enhances understanding of the implications of international migration. Article History: Received 18 October 2012; Revised 6 March 2014; Accepted 22 March 2014
    Keywords: Tourism -- Analysis
    ISSN: 0160-7383
    Source: Cengage Learning, Inc.
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