Job Market Paper
Your Room is Ready: Tourism and Urban Revival (Link)
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 over the period 2001-2010. I show that hotel openings have a positive impact on 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, the impacts vary between different economic sectors and areas within the city, with tourism-oriented businesses benefiting significantly while production-oriented activities experience negative impacts. In addition, the spatial impacts of tourism extend beyond the immediate vicinity, suggesting indirect economic spillover effects on job creation in more distant areas. Finally, economic effects extend to the real estate market, increasing rental prices and residential investment.
[New paper] 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
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)
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.
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.
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.
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
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