This article presents a new framework for the impact evaluation studies of programs that aim to increase efficiency and productivity of firms. Likelihood ratio statistics support a spatial autoregressive stochastic production model that estimates the technical efficiencies of matched subsamples...

Using firm-level data for up to 707 Swiss hotels and restaurants we evaluate the economic impact of the EURO 2008 soccer championship. Although aggregated macro data reveal no economic impact, we report an overall negative effect based on the surveyed companies. Notably the reported effects of...

With the prospective exit of the UK from the European Union, a crucial question is whether EU Structural Funds have been beneficial for the country and which aspects of Cohesion Policy should be maintained if EU funds are to be replaced. This paper addresses this question through a twofold...

Defense activities exercised in a specific region may alter the region’s economic performances. An accurate assessment of the potential economic impacts of defense activities within a specific area is therefore a valuable undertaking, especially for regional planners who may want to prepare...

This paper evaluates the economic impact of the $14 billion preparatory investments for the 2010 FIFA World Cup in South Africa. We use satellite data on night light luminosity at municipality and electoral district level as a proxy for economic development, applying synthetic control methods...

Using firm-level data for up to 707 Swiss hotels and restaurants we evaluate the economic impact of the EURO 2008 soccer championship. Although aggregated macro data reveal no economic impact, we report an overall negative effect based on the surveyed companies. Notably the reported effects of...

This paper studies the effects of hosting Olympic Games on the regional economy in the short and long run. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short run, hosting Summer Olympics boosts regional...

Extreme weather may give rise to the relocation of economic activity towards nearby locations. But how are the economic effects of weather events transmitted between locations? And, which role does the interconnection of small economic units play? This paper takes a granular approach to identify...

This paper studies the effects of hosting Olympic Games on the regional economy in the short- and long-run. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short-run, hosting Summer Olympics boosts regional...