The purpose of this study is to investigate the major economic variables associated with sales at full-service restaurants. The study also examines if there is any cyclical movement in the full-service restaurant segment in conjunction with economic recession periods. A Pearson correlation analysis and a 5-year moving average method were used to identify the relationships between full-service restaurant sales and key economic indicators, as well as the existence of a business cycle in the full-service restaurant industry for the past 4 decades, respectively. The results of this study revealed that gross domestic product is positively correlated with the sales of full-service restaurants. The 5-year moving average of sales generated at full-service restaurants indicates that the sales at full-service restaurants show a pattern of a business cycle almost every 10 years.
Film festivals have become an increasingly popular method of generating economic benefit to communities, yet there is little mention of this festival segment in the academic literature. Seen as a meeting place between filmmakers, distributors, and viewers, film festivals can be an important
factor in enlivening local cultural life, building a town, city, or region's image, and fostering its attractiveness for tourism and thus its economic development. In addition to providing a cultural experience for the local community, and providing economic benefits as a tourist draw, film
festivals provide a service to the film industry by supplying a forum for filmmakers to show their films and film buyers and distributors to view them. This article reports on a study of film festival attendees that was undertaken to evaluate the success of a regional film festival and assist
film festival managers and sponsors in future planning. Attendee characteristics and festival experience were evaluated, as well the festival's economic impact on the local community. The article also provides an overview of unique characteristics of the film festival industry.
This paper investigates the distributional characteristics of racial differences in mathematics achievement, with particular attention to the potential influence of unexplained, and possibly unwarranted, racial differentials in rates of school suspension. It is well known that black students consistently score lower than whites on achievement tests, on average, even after controlling for family and schooling factors. Using data from the National Longitudinal Survey of Youth 1997 cohort, we decompose the racial gap in mathematics test scores from the Peabody Individual Achievement Test-Revised (PIAT-R) into a component due to racial differences in underlying characteristics and another component that is unexplained by differences in measured characteristics. We account for the possible endogeneity of suspensions in our analysis and show that the portion of the racial gap that is unexplained differs
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