Showing 1 - 10 of 113
Concave hiring rules imply that firms respond more to bad shocks than to good shocks. They provide a unified explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate countercyclical movement in both aggregate conditional...
Persistent link: https://www.econbiz.de/10011637667
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
Persistent link: https://www.econbiz.de/10013503368
This paper studies the impact of UNESCO World Heritage List (WHL) inscription on income and property values in the Italian municipalities that had their sites inscribed during the past two decades. To address the selection bias and identify the causal impact of inscription, we focus on sites...
Persistent link: https://www.econbiz.de/10013555722
Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism … dataset is made of inter-regional tourism flows among Italian regions over the 2000 - -12 period; across this period, 2008 to …
Persistent link: https://www.econbiz.de/10010492324
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 …
Persistent link: https://www.econbiz.de/10012157335
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 …
Persistent link: https://www.econbiz.de/10012510008
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 …
Persistent link: https://www.econbiz.de/10013201620
, but the toponym adopted for that disaster encompasses both A and B, we show that B experiences a decline in tourism that … difficult to clear its name. Our examples are three recent Italian earthquakes for which we quantify the impact on tourism of …, this designation leads to a statistically significant and economically material decline in tourism – in our examples, this …
Persistent link: https://www.econbiz.de/10015204017
find a strong positive relationship between changes in attractiveness and changes in the local tourism-related economic … activity, with a positive impact on tourism expenditure and tourism employment, but no effect on total employment. In high … related to tourism and firms in the nontradable sector. We observe no effects on wage growth. We discuss our results in the …
Persistent link: https://www.econbiz.de/10015407788
We examine the role of cooperative preferences, beliefs, and punishments to uncover potential cross-societal differences in voluntary cooperation. Using one-shot public goods experiments in four comparable subject pools from the US and the UK (two similar Western societies) and Morocco and...
Persistent link: https://www.econbiz.de/10014338895