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The Economic Impact of Smoke‐Free Policies on Restaurants, Cafés, and Bars: Panel Data Estimates From European Countries

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  • Luca Pieroni
  • Luca Salmasi

Abstract

In this paper, we investigate the extent to which the economic outcomes of restaurants, bars, and cafés have been affected by the introduction of anti‐smoking regulations in Europe. We use an unexploited panel database to collect a comprehensive set of information on financial indicators regarding the balance sheets of private and public companies in various economic sectors. The results show that smoke‐free policies did not significantly affect the firms’ economic performance, irrespective of the balance sheet indicators analyzed. Moreover, the results are robust to various econometric specifications and suggest that the recent enforcement of anti‐smoking legislation in Europe has improved public health without a corresponding negative impact on revenues and employment in the hospitality industry.

Suggested Citation

  • Luca Pieroni & Luca Salmasi, 2017. "The Economic Impact of Smoke‐Free Policies on Restaurants, Cafés, and Bars: Panel Data Estimates From European Countries," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 36(4), pages 853-879, September.
    • Handle: RePEc:wly:jpamgt:v:36:y:2017:i:4:p:853-879
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    File URL: http://hdl.handle.net/10.1002/pam.22016
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    Cited by:

    1. Otálvaro, Susana & Gallego, Juan Miguel & Rodríguez-Lesmes, Paul, 2023. "De-normalizing smoking in urban areas: Public smoking bans and smoking prevalence," Economics & Human Biology, Elsevier, vol. 48(C).
    2. Pryce, Robert, 2019. "The effect of the United Kingdom smoking ban on alcohol spending: Evidence from the Living Costs and Food Survey," Health Policy, Elsevier, vol. 123(10), pages 936-940.

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