We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous technologies. In our model, the arrival of GPTs is endogenous and arises stochastically depending on the currently available applied knowledge stock. This way of endogenizing the arrival of new GPTs allows for a model which is more in tune with the historical reality than the existing GPT models.
This study empirically examines, in four countries, which communication style (emotional or rational) is most appropriate for addressing sustainabilityexperienced travellers. There are only small differences compared to the average tourist. Rational communication elements, which explain the sustainability of the product, become more important for this specific customer group. However, most emotional communication elements are still more important in most countries, indicating that experienced tourists also process sustainability information in a heuristic way.
The goal of this study is to learn more about tourists' understanding of sustainable tourism. The empirical survey with 6,000 respondents in eight countries identifies the most relevant aspects of sustainable tourism from a tourists' perspective. Overall the perception is balanced over the different dimensions. Furthermore, five different types regarding tourists' understanding of sustainable tourism are identified in a cluster analysis and a potential market size of sustainable tourism of 22% of all tourists can be identified.
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