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The COVID-19 multiplier effects of tourism on the Greek economy

Author

Listed:
  • Theodore Mariolis

    (Panteion University, Greece)

  • Nikolaos Rodousakis

    (Centre of Planning and Economic Research (KEPE), Greece)

  • George Soklis

    (Centre of Planning and Economic Research (KEPE), Greece)

Abstract

Using a multisectoral model and data from the Supply and Use Tables, this article estimates the COVID-19 multiplier effects of tourism on gross domestic product (GDP), total employment, and trade balance of the Greek economy. The results indicate that a—not-unexpected—decrease of international travel receipts in the range of 3.5 to 10.5 billion euros would lead to a decrease in GDP of about 2.0% to 6.0%, a decrease in the levels of employment of about 2.1% to 6.4% and an increase in the trade balance deficit of about 2.4 to 7.1 billion euros, respectively.

Suggested Citation

  • Theodore Mariolis & Nikolaos Rodousakis & George Soklis, 2021. "The COVID-19 multiplier effects of tourism on the Greek economy," Tourism Economics, , vol. 27(8), pages 1848-1855, December.
    • Handle: RePEc:sae:toueco:v:27:y:2021:i:8:p:1848-1855
    DOI: 10.1177/1354816620946547
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    Citations

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    Cited by:

    1. E. Sachini & K. Sioumalas-Christodoulou & C. Chrysomallidis & G. Siganos & N. Bouras & N. Karampekios, 2021. "COVID-19 enabled co-authoring networks: a country-case analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(6), pages 5225-5244, June.
    2. Valentina Bacciu & Maria Hatzaki & Anna Karali & Adeline Cauchy & Christos Giannakopoulos & Donatella Spano & Elodie Briche, 2021. "Investigating the Climate-Related Risk of Forest Fires for Mediterranean Islands’ Blue Economy," Sustainability, MDPI, vol. 13(18), pages 1-22, September.
    3. Thanasis Stengos & Michael L. Polemis, 2020. "Threshold effects during the COVID-19 pandemic: Evidence from international tourist destinations," Working Papers 2005, University of Guelph, Department of Economics and Finance.
    4. Alexandra Monteiro & Celeste Eusébio & Maria João Carneiro & Mara Madaleno & Margarita Robaina & Vitor Rodrigues & Carla Gama & Hélder Relvas & Michael Russo & Kevin Oliveira & Myriam Lopes & Carlos B, 2021. "Tourism and Air Quality during COVID-19 Pandemic: Lessons for the Future," Sustainability, MDPI, vol. 13(7), pages 1-22, April.
    5. Yusuke Kitamura & Selim Karkour & Yuki Ichisugi & Norihiro Itsubo, 2020. "Evaluation of the Economic, Environmental, and Social Impacts of the COVID-19 Pandemic on the Japanese Tourism Industry," Sustainability, MDPI, vol. 12(24), pages 1-22, December.

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