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

Luca Salmasi, Luca Pieroni

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)853-879
Number of pages27
JournalJournal of Policy Analysis and Management
Volume36
DOIs
Publication statusPublished - 2017

Keywords

  • Business, Management and Accounting (all)
  • Public Administration
  • Sociology and Political Science

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