Research

PUBLICATIONS

Does hotel management matter to overcoming the COVID-19 crisis? The Spanish case (with David Martín-Barroso, Juan A Nunez-Serrano, Jaime Turrión and Francisco J. Velázquez). Tourism Management February, 2022. [Slides] [Poster] [Video] [Press coverage]

COVID-19, social distancing and guests' preferences: impact on peer-to-peer accommodation pricing (with Massimo Riccaboni, Armando Rungi, Francisco J. Velázquez). Current Issues in Tourism August, 2021, p. 1-7. [Slides] [Poster] [Video]

WORK IN PROGRESS



  1. [New Working Paper] The Effect of Short-Term Rentals on Local Consumption Amenities: Evidence from Madrid (with Massimo Riccaboni and Francisco J. Velázquez) [Slides] [Video]

This paper investigates the impact of the arrival of Airbnb on the local consumption amenities in Madrid. We exploit the exogenous variation created by the timing and the unequal distribution of Airbnb listings across the urban geography to identify its effects on food and beverage establishments. Using an instrumental variable strategy, we find positive local effects on both the number of restaurants and their employees: an increase in ten Airbnb rooms in a given census tract translates into one more restaurant, and the same increase in a given neighborhood generates nine new tourist-related employees. The results are robust to sample composition, spatial spillovers and alternative measures of local consumption amenities. This paper contributes to the literature on the economic impacts of the platform economy on urban areas by providing evidence of positive economic externalities from short-term rentals.


  1. The uneven geographic impact of COVID-19 on the economic crisis and the recovery (with David Martín-Barroso, Juan A Núñez-Serrano, Jaime Turrión and Francisco J. Velázquez).


This paper investigates the regional economic disparities in the impact of the COVID-19 crisis in Spain. Using data from social security records and Google Trends, we develop a novel methodological approach to account for the different sources and channels through which the pandemic has affected employment dynamics, used as a proxy for economic activity. The main results show the important negative effect of restrictions and the relevant role of government actions to attenuate its geographically adverse economic effects. These findings highlight the need for coordination among different levels of administrations because COVID-19 spillovers exceed the administrative borders.


WORKING PAPERS

Political instability and Tourism. The case of Arab Spring (with David Martin-Barroso and Francisco J. Velazquez)

COVID-19 and Guests' Preferences in Short-Term Rentals: Evidence from Madrid (with Massimo Riccaboni, Armando Rungi, Francisco J. Velázquez)

CONFERENCES & SEMINARS

2021

  • 11th European Meeting Urban Economics Association, London, UK.

  • 46th Symposium Spanish Economic Association. Barcelona, Spain

  • 47th European International Business Academy Conference. Madrid, Spain

  • Spanish Section: XLVI International Conference on Regional Science. Madrid, Spain

  • International Conference Regional Economics in Times of Crisis. León, Spain.

  • 13th World Congress of Regional Science Association International (RSAI), Virtual Conference.

  • Complutense Institute for International Studies (ICEI) seminar.

2018

  • 12th World Congress of Regional Science Association International (RSAI), Goa, India.

2017

  • XLIII International Conference on Regional Science (AECR), Sevilla, Spain.

2016

  • XLII International Conference on Regional Science (AECR), Santiago de Compostela, Spain