Following the recent terrorist attacks in Paris, the European media emphatically pronounced that billions of euros were wiped from tourism related stocks. This comes at a troublesome time for the tourism industry, in the midst of a global financial crisis, and the unpredictable rise of radical...

Among Polish cities facing socio-economic difficulties are the former regional capitals which lost their administrative status due to the 1998 reform, reducing the number of regions from 49 to 16. Making use of this quasiexperimental setting, we assess the impact of the loss of administrative...

Ethnicity has become an increasingly important factor in neighborhood formation in many developed economies. We specify a gravity model for neighborhoods to assess the role of ethnicity in intra-urban residential relocations. Migration patterns of different ethnic groups are hypothesized to...

In consumer cities, the presence and location of immigrants impacts house prices through two channels, which both can be valued positively as well as negatively: (i) their presence and contribution to population diversity and (ii) the creation of immigrant-induced consumer amenities like those...

We estimate the contribution of the American precious metal windfall to West Europe's growth performance in the early modern period. The exogenous nature of American money arrivals allows for identification of monetary effects. We find that more than half of West Europe's growth can be...