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We examine how new airport infrastructure influences regional tourism. Identification is based on the conversion of a … military air base into a regional commercial airport in the German state of Bavaria. The new airport opened in 2007 and … new commercial airport increased tourism in the Allgäu region over the period 2008-2016. The positive effect is especially …
Persistent link: https://www.econbiz.de/10012157335
We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...
Persistent link: https://www.econbiz.de/10011506440
When countries compete for the location of a new multinational plant they need to be aware of the profit shifting opportunities this new plant creates for the global multinational firm. By modelling explicitly the multinational's intra-firm transactions, we show that the home market advantage...
Persistent link: https://www.econbiz.de/10010469981
A growing literature documents the existence of strategic political reactions to public expenditure in one jurisdiction on either neighboring or reference jurisdictions. The latter might give raise to downward expenditure spiral, or "race to the bottom". However, in ascertaining the empirical...
Persistent link: https://www.econbiz.de/10010479922
Airport noise is costly. Airport location is typically associated with lower property prices. Airport expansion often … sparks protests by local residents. In this paper, I provide new evidence on the costs of airport-related noise (and other … disamenities of airports) for individuals. In contrast to previous work, I analyze voting results on restricting airport operations …
Persistent link: https://www.econbiz.de/10003872205
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This paper provides the first analysis of the trade-off between convenient flight connections and airport congestion. A …
Persistent link: https://www.econbiz.de/10011334230
We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...
Persistent link: https://www.econbiz.de/10009764375