Recent literatures on entrepreneurship and economic growth estimate the empirical relationships between the following pairs of variables: (1) institutions and entrepreneurial activity; (2) institutions and economic growth; and (3) entrepreneurship and economic growth.This paper revisits each of...

The basic conclusion of this paper is that ignoring the negative welfare effects of unemployment in the form of terrorism and consequent loss of output leads to the adoption of (i) level of employment of labour which is sub-optimal, (ii) levels of employment of capital and capital/labour ratios...

Using firm-level data for up to 707 Swiss hotels and restaurants we evaluate the economic impact of the EURO 2008 soccer championship. Although aggregated macro data reveal no economic impact, we report an overall negative effect based on the surveyed companies. Notably the reported effects of...

Defense activities exercised in a specific region may alter the region’s economic performances. An accurate assessment of the potential economic impacts of defense activities within a specific area is therefore a valuable undertaking, especially for regional planners who may want to prepare...

The impact of higher education institutions on the regional economy is now more important than ever, due not only to their role as providers of education and research, but also to their linkages to the economic, social and cultural surroundings. The paper explores the relationship between higher...

Defense activities exercised in a specific region may alter the region's economic/performances. An accurate assessment of the potential economic impacts of defense activities within a specific area is therefore a valuable undertaking, especially for regional planners who may want to prepare for...

Railways are a key infrastructure that facilitates trade and regional integration with potential consequences on local development and the environment in hitherto backward regions. In this article, we study the medium- to long-term socio-economic and environmental infrastructure impacts for the...

Managing risks from extreme events will be a crucial component of climate change adaptation. In this study, we demonstrate an approach to assess future risks and quantify the benefits of adaptation options at a city-scale, with application to flood risk in Mumbai. In 2005, Mumbai experienced...

This paper studies the effects of hosting Olympic Games on the regional economy in the short- and long-run. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short-run, hosting Summer Olympics boosts regional...

Extreme weather may give rise to the relocation of economic activity towards nearby locations. But how are the economic effects of weather events transmitted between locations? And, which role does the interconnection of small economic units play? This paper takes a granular approach to identify...