This paper investigates how the depreciation of the Russian rouble against the euro has affected Russian tourism demand in Finnish regions and cities. Using dynamic panel data models, the authors find that the elasticity of Russian tourists' overnight hotel stays with respect to exchange rates...

How capable are local and regional economies of recovering from global and local shocks and threats and ensure resilient long-term development paths? Answering this question was the challenge of the Nordic Thematic Group on Innovative and Resilient regions, set by the Nordic Council of...