Competition in tourism among the Mediterranean countries
This paper examines tourism competition among the Mediterranean countries with particular emphasis on Greece. The estimated model includes as explanatory variables an income index, a price index of the host country, a price index of the competitors (Spain, Portugal and Italy) and exchange rate. The results show that the main determinants of Greece's tourism demand are both price indexes and exchange rate. They also show that Spain seems to be Greece's main competitor.
Volume (Year): 37 (2005)
Issue (Month): 16 ()
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- Rosensweig, Jeffrey A., 1988. "Elasticities of substitution in Caribbean tourism," Journal of Development Economics, Elsevier, vol. 29(1), pages 89-100, July.
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