Research Note: Greek Tourism: Return to the Drachma?

Research Note: Greek Tourism: Return to the Drachma?

This paper estimates tourism demand for Greece with annual Greek tourism revenues from 1975 to 2009. The paper builds on an earlier study by including tourism revenues for Italy, Spain and Turkey as possible tourism substitute countries for Greece. Greek tourism is found to be price elastic, suggest...

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Veröffentlicht in:Tourism economics : the business and finance of tourism and recreation 2013-12, Vol.19 (6), p.1475-1481
1. Verfasser: Thompson, Alexi
Format: Artikel
Sprache:eng
Schlagworte:
Currency devaluation
Greece
Italy
Price elasticity
Public revenue
Research methods
Revenue
Spain
Studies
Tourism
Turkey
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Zusammenfassung:This paper estimates tourism demand for Greece with annual Greek tourism revenues from 1975 to 2009. The paper builds on an earlier study by including tourism revenues for Italy, Spain and Turkey as possible tourism substitute countries for Greece. Greek tourism is found to be price elastic, suggesting that a return to the drachma and depreciation would increase tourism revenue in Greece.
ISSN:1354-8166
2044-0375
DOI:10.5367/te.2013.0244