Research
Job Market Paper
Your Room is Ready: Tourism and Urban Revival (Link)
Press coverage (El Economista, La Vanguardia, La Razón)
Tourism is an essential sector of the global economy, contributing significantly to GDP and employment. Despite its importance, our understanding of its impact on urban economic activity remains limited. This paper aims to fill this gap by examining the impact of tourism on urban transformation using a dataset of hotel openings in Madrid from 2001-2010. I show that hotel openings positively impact the number of establishments and employment by using the number of protected buildings as an instrumental variable to account for the non-random distribution of hotel openings. Interestingly, hotel openings contribute to changes in the composition of the economic activities and the business structures, enhancing tourist-oriented corporate-owned businesses over other individual-owned companies. Finally, economic effects extend to the real estate market, increasing rental prices and residential investment.
PUBLICATIONS
[New Paper] The Effect of Short-Term Rentals on Local Consumption Amenities: Evidence from Madrid (with Massimo Riccaboni and Francisco J. Velázquez) [Slides] [Video][Poster] [Nada es gratis] Journal of Regional Science.
When local business faded away: the uneven impact of Airbnb on the geography of economic activities (with Massimo Riccaboni and Francisco J. Velazquez). Cambridge Journal of Regions, Economy and Society June, 2023. [Accepted version (full text)] [Slides] [Video] [Press coverage (SER)] [Press coverage (Infolibre)]
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
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
2024
Workshop The effects of short-term rentals on residential markets (IEB, Barcelona School of Economics, Spain)
2023
Workshop on Regional and Urban Economics, Barcelona, Spain; 64th annual conference of the Italian Economic Association, L'Aquila, Italy; 2nd NSE PhD and Postdoc Workshop, Naples, Italy; European Regional Science Association conference (ERSA), Alicante, Spain; 57th Canadian Economic Association Conference. Winnipeg, Canada; 11th PhD-Student Workshop on Industrial and Public Economics. Reus, Spain; American Economic Association (ASSA meeting). New Orleans, USA.
2022
47th Symposium Spanish Economic Association (SAE). Valencia, Spain; 6th CEnSE Urban and Regional Economics Workshop. Goteborg, Sweden; Spanish Section: XLVI International Conference on Regional Science. Granada, Spain; European Regional Science Association conference (ERSA), Pecs, Hungary; Jornadas de Economia Industrial, Las Palmas de Gran Canaria, Spain; 11th European Meeting Urban Economics Association, London, UK.
2021
46th Symposium Spanish Economic Association (SAE). Barcelona, Spain; 47th European International Business Academy Conference (EIBA). Madrid, Spain; Spanish Section: XLVI International Conference on Regional Science. Madrid, Spain; International Conference Regional Economics in Times of Crisis. Leon, Spain; 13th World Congress of Regional Science Association International (RSAI), Virtual Conference.
2018-2016
12th World Congress of Regional Science Association International (RSAI), Goa, India; XLIII International Conference on Regional Science (AECR), Sevilla, Spain; XLII International Conference on Regional Science (AECR), Santiago de Compostela, Spain
SEMINARS
Internal seminar Universidad de Las Palmas de Gran Canaria (Spain), Brown Bag Seminar in Economics and Finance at Jonkoping University (Sweden), Gran Sasso Science Institute (Italy), The Institute of Economic Analysis at Complutense University of Madrid (Spain), Internal seminar at IMT School for Advanced Studies Lucca (Italy), PhD-Economics Virtual Seminar, Internal seminar Université du Quebec a Montreal (Canada), Applied Young Economist Webinar,