Research Repository

The role of museums in bilateral tourist flows: Evidence from Italy

Campaniello, N and Richiardi, M (2017) 'The role of museums in bilateral tourist flows: Evidence from Italy.' Oxford Economic Papers. ISSN 0030-7653

Full text not available from this repository.

Abstract

This paper estimates the causal relationship of supply of art on domestic tourist flows. To this aim, we use aggregate bilateral data on tourist flows and various data on museums in the twenty Italian regions. To solve the potential endogeneity of the supply of museums, we use three different empirical strategies: we use a fixed effects model controlling for bilateral macro-area dummies, we compute the degree of selection on unobservables relative to observables which would be necessary to drive the result to zero and, finally, we adopt a two-stage least squares approach that uses a measure of historical patronage, the number of noble families, as an instrument for the number of museums. For each empirical strategy, there is strong evidence of a positive effect of the number of ‘net-museums’ on bilateral tourist flows.

Item Type: Article
Subjects: G Geography. Anthropology. Recreation > GV Recreation Leisure
H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Faculty of Social Sciences > Institute for Social and Economic Research
Depositing User: Elements
Date Deposited: 14 Jan 2018 18:08
Last Modified: 03 Dec 2018 19:15
URI: http://repository.essex.ac.uk/id/eprint/21135

Actions (login required)

View Item View Item