| Abstract: |
Germany shows a more welcoming attitude towards refugees than most other
European countries. At the same time, the influx of refugees has led to
massive protests, demonstrations and attacks against refugees. We look at the
economic effects of these demonstrations and attacks on one important
industry, namely tourism. Combining a novel, district-level data set on
tourism with data on xenophobic activities, we find that xenophobic
demonstrations have negative effects on tourist arrivals. This effect is found
for domestic and foreign tourists. |