Relationship Between National Income, Institutional Change and Outbound Tourism Based on Panel Data of the G20 from 1995 to 2014

Based on panel data of 17 economies in the G20 from 1995 to 2014,this paper,in terms of the total samples,developed countries and developing countries,explored the impact of national income on outbound tourism and the moderating effect of institutional change on the relationship between national income and outbound tourism.The results showed that:(1)for the total samples,developed countries and developing countries,national income had a positive impact on outbound tourism;(2)for the total samples and developing countries,institutional change had a positive moderating effect on national income and outbound tourism,indicating that with the deepening of marketization,the facilitating role of national income on outbound tourism strengthened;(3)for developed countries,institutional change had a negative moderating effect on national income and outbound tourism,indicating that with the deepening of marketization,the facilitating role of national income on outbound tourism weakened.

Determinants in the forecast of the gross national income of China and India from 1952 to 2015

In 2015,China and India's population represented approximately 35.74%of the total number of people living in the world.Due to the historical context and behavior of the most relevant indicators,this study proposes to utilize a wide variety of demographic,economic,and production indicators from 1952 to 2015 to assess their impact on the GNI in China and India.A comprehensive and new fangled modeling process with stepwise,regularization and distributed lag regression approaches is presented.Accordingly,theoretical results were corroborated through extensive diagnostic tests and an empirical check of the models'predictive capacity.The findings show that GNI in China is most influenced by variables such as reserves in foreign currency and the dependency ratio;whereas,variables of energy production and birth rate were generated for India.Therefore,it's the timing for China to relax the universal two-child policy.Due to the current value below the substitution rate,a gloomy outlook for China's future population and economy is predicted.Conversely,a positive outlook is forecasted for India,given the low price in the future of oil-India's primary raw material.

Metadata Analysis of Persistent Organic Pollutants in National Pools of Human Milk in Support of the Stockholm Convention Implementation

A set of human milk samples,consisting of pools from up to 50 mothers that delivered their first baby was assessed for the persistent organic pollutants(POPs)listed in the Stockholm Convention.It must be noted that only samples that qualified for the criteria,as established in the global monitoring plan of the Stockholm Convention,following an initial protocol from the World Health Organization,were included.The data do not allow for an assessment of POP concentrations in breast milk with lactation period nor,in most cases and when not indicated otherwise,a comparison within the same country.The assessment does not rank the POPs as to the risk for breastfeeding.Rather the measurements provide a basis for countries to compare among POPs or with other countries.A regional preference for certain POPs could not be identified;thus,taking into account global food supply chains and local production elsewhere does not allow us to prioritize a country for a certain POP.Although the highest concentrations were always found for the sum of DDT,these samples were not prominent in multivariate statistical analyses.The best indicator for the scale of POPs in breast milk was the sampling year:the earlier a national pool was created,the higher and the wider spread were the concentrations:see the example of dioxin-like POPs and indicator PCB.For some POPs,the income of a country seems to indicate scale and POP compounds.The population density was not found to be a suitable predictor or discriminator.Since all POPs seemed to level off and some POPs were only measured after the entry-into-force of the Stockholm Convention in 2004,we do not have a strong indicator to determine POP concentrations in the 1980s or before.

Do Macroeconomic Determinants of Non-Performing Loans Vary with the Income Levels of Countries?

This paper explores the macroeconomic determinants of non-performing loans(NPL) in 19 Asian countries(low to high income economies) using the Generalized Method of Moments estimation approach based on the economic data for the period between 1998 and 2015. The categorization of the economies is based on the average gross national income per capita as set by the World Bank.Specifically, the paper aims to evaluate if the determinants of NPL vary with the income levels of the countries. The results indicate that the NPL is strongly influenced by the inflation rate. The effect is,however, negative in the high-income and the middle-income countries and positive in the low-income countries. The GDP per capita has a dynamic negative relationship with the NPL in the high-income and the low-income countries. The remittance has a significant positive association in the high-income and a significant negative association in the low-income countries. Similarly, the unemployment rate has a positive effect on NPL in the middle-income and the low-income countries. With the rise in the official exchange rate, the NPL level increases in the low-income countries. The overall estimation results suggest that the NPL in Asian banking system depend on some key macroeconomic variables,such as unemployment rate, inflation rate, official exchange rate, remittance received and gross domestic product per capita, and these associations vary with the income level of the countries. Therefore,economic level of a country should be carefully considered while formulating credit policy to minimize credit risks in the banking system.