RT Journal Article
T1 The effect of short‐term rentals on local consumption amenities: evidence from Madrid
A1 Hidalgo, Alberto
A1 Riccaboni, Massimo
A1 Velázquez Angona, Francisco Javier
AB This paper examines the impact of the arrival of Airbnb on local consumption amenities in Madrid. We exploit the exogenous variation created by the timing and uneven distribution of Airbnb listings in the city to determine the impact on food and beverage establishments. Using an instrumental variable strategy, we find positive local effects on both the number of restaurants and their employees: an increase of 14 Airbnb rooms in a given census tract leads to almost one more restaurant, and the same increase in a given neighborhood generates 11 new tourist‐related employees. The results are robust to the specification and sample composition. This paper contributes to the literature on the economic impact of the platform  economy on urban areas by providing evidence of market expansion externalities from short‐term rentals.
PB Wiley
SN 1467-9787
YR 2024
FD 2024
LK https://hdl.handle.net/20.500.14352/101629
UL https://hdl.handle.net/20.500.14352/101629
LA eng
NO Hidalgo, A., Riccaboni, M., & Velázquez, F. J. (2024). The effect of short‐term rentals on local consumption amenities: Evidence from Madrid. Journal of Regional Science, 1–28. https://doi.org/10.1111/jors.12685
NO Ministerio de Ciencia, Innovación y Universidades (España)
DS Docta Complutense
RD 3 abr 2025