The flow of tourism to a region is highly dependent on its accessibility and the cost of travel represents the main economic factor explaining tourism demand. The arrival of low cost carriers (LCC), with cheaper air fares, greatly leveraged the tourist flow around the world. However, as argued...

This paper aims to assess the effect of competition on firm-level innovation. The sample comprises the world's top corporate R&D spenders over the period 2007 to 2016. We use an industry-year indicator, the inverse of the Lerner Index, to measure the competition level. R&D expenditures are used...