The effect of infrastructure investment on tourism demand: a synthetic control approach for the case of Kuelap, Peru.
Empir Econ
; : 1-36, 2022 Dec 01.
Article
em En
| MEDLINE
| ID: mdl-36471716
In this paper we estimate the effect of infrastructure investment on tourism demand. For this purpose, we analyse the case of the Kuelap Archaeological Complex (Peru), which became more attractive and accessible following the construction of Peru's first cable car system and the redevelopment of a nearby airport located in the city of Jaen. In order to estimate the effect of this infrastructure investment package on the number of visitors to Kuelap, we construct a synthetic control using characteristics from several archaeological sites in Peru similar to Kuelap. This synthetic control allows us to estimate the potential number of visits to Kuelap had the infrastructure investment package not been made. Thus, the causal effect is the difference between the actual visits to Kuelap and the ones to the synthetic control. The results show that the number of visits to Kuelap increased by approximately 100% in the wake of the infrastructure investment package.
Texto completo:
1
Coleções:
01-internacional
Base de dados:
MEDLINE
País/Região como assunto:
America do sul
/
Peru
Idioma:
En
Revista:
Empir Econ
Ano de publicação:
2022
Tipo de documento:
Article
País de afiliação:
Peru
País de publicação:
Áustria