The Economic Impact of Smoke‐Free Policies on Restaurants, Cafés, and Bars: Panel Data Estimates From European Countries
利用欧洲企业面板数据，研究发现无烟政策未显著影响餐厅、咖啡馆和酒吧的经济绩效，表明禁烟立法在改善公共健康的同时未损害酒店业收入和就业。
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.