This study examines the macro drivers of the time-varying (dynamic) connectedness between eleven European tourism … estate activity. Further, economic and political uncertainty is found to intensify the macro effects on tourism correlations … crash, also magnify the impact of macro drivers on the evolution of co-movement and integration in the tourism sector …

provide an explanation of why small countries sometimes exclude certain goods (especially those related to culture) from trade …

Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture … individual self-determination. To isolate the exogenous variation in culture, I rely on two historical variables used as … centuries. The political and social history of Europe provides a rich source of variation in these two variables at a regional …

According to the widely known ‘culture of honor’ hypothesis from social psychology, traditional herding practices have …

cultural stereotypes at the bank level, we show that corporate culture at bank headquarters is influenced by foreign …. We therefore leverage the geography of multinational bank branch networks to construct a bank-specific measure of culture …

We examine how new airport infrastructure influences regional tourism. Identification is based on the conversion of a … new commercial airport increased tourism in the Allgäu region over the period 2008-2016. The positive effect is especially …

We estimate exchange rate elasticities of international tourism. We show that, in addition to the bilateral exchange … rate, the exchange rate between the tourism origin country vis-à-vis the U.S. dollar is an important driver of tourism … flows, indicating a strong role of U.S. dollar pricing. The U.S. dollar exchange rate is more important for tourism …

This paper examines tourism persistence in a group of Southeastern European (SEE) countries (Albania, Bosnia, Bulgaria …

Tourism accounts for around one tenth of global GDP. We analyze the impact of entertainment media in drawing tourists … to filming locations (media multiplier ) and, in turn, the effect of tourism on local economic development (tourism … factor of 2.5. Furthermore, we provide evidence of positive spillovers in nearby municipalities. To estimate the tourism …