Assessing the impact of terrorism on travel activity in Greece
AbstractThe aim of this paper is to assess the volatility of Greek travel receipts by considering the extent to which terrorist strikes can bring about serious unexpected disturbances to the proceeds from tourism.The paper shows that the impact of terrorist attacks at an international level is not expected to bring about a considerable decline of the number of arrivals to Greece. This finding seems consistent with other sources in the literature that argue in favour of the transitory impact of terrorist attacks on the flow of tourists to a specific destination
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Bibliographic InfoPaper provided by Bank of Greece in its series Working Papers with number 127.
Date of creation: Apr 2011
Date of revision:
Terrorism; Tourism; Current Account;
Find related papers by JEL classification:
- H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
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- Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2004.
"Calculating Tragedy: Assessing the Costs of Terrorism,"
CREMA Working Paper Series
2004-23, Center for Research in Economics, Management and the Arts (CREMA).
- Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2007. "Calculating Tragedy: Assessing The Costs Of Terrorism," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 1-24, 02.
- Bruno S. Frey & Simon Luechinger & Alois Stutzer, . "Calculating Tragedy: Assessing the Costs of Terrorism," IEW - Working Papers 205, Institute for Empirical Research in Economics - University of Zurich.
- Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2004. "Calculating Tragedy: Assessing the Costs of Terrorism," CESifo Working Paper Series 1341, CESifo Group Munich.
- Eleni Gazopoulou, 2012. "A note on the effectiveness of price policy on tourist arrivals to Greece," Working Papers 144, Bank of Greece.
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