BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 15.1//EN BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:20251102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Eastern Standard Time TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:20250301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Eastern Daylight Time TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:The Moynihan Institute of Global Affairs' Trade\, Development a nd Political Economy Series presents Sharat Ganapati: \;"Urban Welfare : Tourism in Barcelona". Co-Authors: Treb Allen\, Simon Fuchs\, Alberto Gr aziano\, Rocio Madera\, and Judit Montoriol-Garriga. Abstract: We develop a simple methodology to estimate the heterogeneous welfare effects of any small shock to residents within a city. The methodology relies only on mod est assumptions regarding residents’ choice of where to consume and work a nd delivers an expression that shows that the welfare elasticity to any sm all shock can be written as a function of (1) the spatial patterns of cons umption and income\; and (2) the price and wage effects of the shock. We t hen apply this methodology to ask the question: Is tourism good for locals ? Using detailed spatial data on expenditure and income patterns of reside nts in Barcelona\, we show that plausibly exogenous shifts in tourist expe nditure due to compositional differences in their country of origin across time and over space in the city crowds out local expenditure by increasin g prices but partially compensates through increases in wages. The inciden ce of the tourism shock\, however\, is highly heterogeneous across the cit y\, with inner city residents bearing the largest welfare losses and perip heral residents enjoying the greatest welfare gains.Sharat Ganapati is an Assistant Professor of International Economics at Georgetown Univeristy (W alsh SFS and Economics by courtesy). He served as a Dartmouth Internationa l Economics Fellow from 2017-2018 after completing his Ph.D in economics a t Yale University. \; Sharat works on a variety of issues at the inter section of international trade\, industrial organization\, and environment al economics. He is interested in how changes in economic policy or techno logy can shift geographic patterns of production and alter market behavior . He is a National Bureau of Economic Research (NBER) faculty research fel low and a CESifo research affiliate. DTEND:20220418T211500Z DTSTAMP:20260517T093459Z DTSTART:20220418T194500Z LOCATION:NY\,US\,Syracuse\,130 Crouse Drive SEQUENCE:0 SUMMARY:Urban Welfare: Tourism in Barcelona UID:RFCALITEM639145928998269471 X-ALT-DESC;FMTTYPE=text/html:

The Moynihan Institute of Global Affairs' < strong>Trade\, Development and Political Economy Series presents Sharat Ganapati: \;"Urban Welfare: Tourism in Barcelo na". Co-Authors: Treb Allen\, Simon Fuchs\, Alberto Graziano\, Rocio Mader a\, and Judit Montoriol-Garriga. Abstract: We develop a simple methodology to estimate the heterogeneous welfare effects of any small shock to resid ents within a city. The methodology relies only on modest assumptions rega rding residents’ choice of where to consume and work and delivers an expre ssion that shows that the welfare elasticity to any small shock can be wri tten as a function of (1) the spatial patterns of consumption and income\; and (2) the price and wage effects of the shock. We then apply this metho dology to ask the question: Is tourism good for locals? Using detailed spa tial data on expenditure and income patterns of residents in Barcelona\, w e show that plausibly exogenous shifts in tourist expenditure due to compo sitional differences in their country of origin across time and over space in the city crowds out local expenditure by increasing prices but partial ly compensates through increases in wages. The incidence of the tourism sh ock\, however\, is highly heterogeneous across the city\, with inner city residents bearing the largest welfare losses and peripheral residents enjo ying the greatest welfare gains.

Sharat Gan apati is an Assistant Professor of International Economics at Geo rgetown Univeristy (Walsh SFS and Economics by courtesy). He served as a D artmouth International Economics Fellow from 2017-2018 after completing hi s Ph.D in economics at Yale University. \; Sharat works on a variety o f issues at the intersection of international trade\, industrial organizat ion\, and environmental economics. He is interested in how changes in econ omic policy or technology can shift geographic patterns of production and alter market behavior. He is a National Bureau of Economic Research (NBER) faculty research fellow and a CESifo research affiliate.

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