Plausibly Exogenous [1519] - Hotel Openings (03/30/2024)
LHS Variable
Commercial business
RHS Variable
Hotel openings
Source of Exogenous Variation
At the end of 2015, the issuance of licenses for new hotels was suspended in Barcelona, heterogeneously impacting 70 properties in the pipeline. Those projects that had obtained all the required permits when the ban was imposed could still open, while the rest were stopped.
- Anguera-Torrell (2024), “The impact of hotel openings on the commercial structure: Evidence from a natural experiment”