Estimation of direct net effects of events

Roller, Marcus (2022). Estimation of direct net effects of events. Sage open, 29(6), pp. 1577-1597. Sage Publications 10.1177/13548166221114583

[img] Text
13548166221114583.pdf - Published Version
Restricted to registered users only
Available under License Publisher holds Copyright.

Download (1MB)

We provide three estimation strategies for the estimation of direct net effects of events and the respective substitution effects based on a quantitative model. We apply the strategies to estimate the effect of fairs on overnight stays in Basel. We show that deseasonalizing by year day fixed effects is superior to month and week fixed effects and semi-parametric deseasonalizing. We find that fairs increase the overnight stays in nights during fairs by 17% and by 8% and 4% in the preceding nights. The net effect of fairs on overnight events is only one fourth of the gross effect. These results demonstrate that the distinction between net and gross effects is crucial also for the estimation of direct effects of events. The study therefore contributes to the literature on the estimation of economic effects of events which recently has focused on this distinction for indirect effects. It also contributes to the theoretical an empirical literature of event tourism in cities.

Item Type:

Journal Article (Further Contribution)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics > Economic Policy and Regional Economics
03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics
11 Centers of Competence > Center for Regional Economic Development (CRED)

UniBE Contributor:

Roller, Marcus

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

2158-2440

Publisher:

Sage Publications

Language:

English

Submitter:

Sandra Joséphine Lüthi

Date Deposited:

26 Jul 2022 11:51

Last Modified:

10 Sep 2023 02:13

Publisher DOI:

10.1177/13548166221114583

BORIS DOI:

10.48350/171517

URI:

https://boris.unibe.ch/id/eprint/171517

Actions (login required)

Edit item Edit item
Provide Feedback