UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

The effects of moratoriums on hotel building: an anti-tourism measure, or rather protection for local incumbents?

Bel, G; Joseph, S; Mazaira-Font, FA; (2021) The effects of moratoriums on hotel building: an anti-tourism measure, or rather protection for local incumbents? Applied Economics Letters 10.1080/13504851.2021.1927958. (In press). Green open access

[thumbnail of Bel_BGM AEL FINAL.pdf]
Preview
Text
Bel_BGM AEL FINAL.pdf - Accepted Version

Download (293kB) | Preview

Abstract

In July 2015, the newly elected City Council of Barcelona approved a moratorium on the building of hotels. This study empirically evaluates its effect on hotel prices, using 202,019 daily observations on hotel prices between 2011 and 2017. While the inflow of tourists continued to rise after the moratorium, our synthetic control method finds that hotel prices increased significantly above pre-intervention trends. This suggests that the actual outcome of the moratorium was the protection and promotion of the interests of local industry incumbents.

Type: Article
Title: The effects of moratoriums on hotel building: an anti-tourism measure, or rather protection for local incumbents?
Open access status: An open access version is available from UCL Discovery
DOI: 10.1080/13504851.2021.1927958
Publisher version: http://dx.doi.org/10.1080/13504851.2021.1927958
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Rent-seeking, hotel pricing, tourism, synthetic control
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science
URI: https://discovery.ucl.ac.uk/id/eprint/10128891
Downloads since deposit
23Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item