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Research Note: Greek Tourism: Return to the Drachma?

Author

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  • Alexi Thompson

    (Department of Economics, McElhaney Hall, Room 213, Indiana University of Pennsylvania, Indiana, PA 15705, USA)

Abstract

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.

Suggested Citation

  • Alexi Thompson, 2013. "Research Note: Greek Tourism: Return to the Drachma?," Tourism Economics, , vol. 19(6), pages 1475-1481, December.
    • Handle: RePEc:sae:toueco:v:19:y:2013:i:6:p:1475-1481
    DOI: 10.5367/te.2013.0244
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    References listed on IDEAS

    as
    1. Mark Weisbrot & Juan Antonio Montecino, 2012. "More Pain, No Gain for Greece: Is the Euro Worth the Costs of Pro-Cyclical Fiscal Policy and Internal Devaluation?," CEPR Reports and Issue Briefs 2012-07, Center for Economic and Policy Research (CEPR).
    2. Michael G. Arghyrou & John D. Tsoukalas, 2011. "The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes," The World Economy, Wiley Blackwell, vol. 34(2), pages 173-191, February.
    3. Sara Proença & Elias Soukiazis, 2008. "Tourism as an Economic Growth Factor: A Case Study for Southern European Countries," Tourism Economics, , vol. 14(4), pages 791-806, December.
    4. Nikolaos Dritsakis, 2004. "Tourism as a Long-Run Economic Growth Factor: An Empirical Investigation for Greece Using Causality Analysis," Tourism Economics, , vol. 10(3), pages 305-316, September.
    Full references (including those not matched with items on IDEAS)

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