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Competition in tourism among the Mediterranean countries


  • Vasilios Patsouratis
  • Zoe Frangouli
  • George Anastasopoulos


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.

Suggested Citation

  • Vasilios Patsouratis & Zoe Frangouli & George Anastasopoulos, 2005. "Competition in tourism among the Mediterranean countries," Applied Economics, Taylor & Francis Journals, vol. 37(16), pages 1865-1870.
  • Handle: RePEc:taf:applec:v:37:y:2005:i:16:p:1865-1870
    DOI: 10.1080/00036840500217226

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    References listed on IDEAS

    1. 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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    Cited by:

    1. Allen, David & Yap, Ghialy & Shareef, Riaz, 2009. "Modelling interstate tourism demand in Australia: A cointegration approach," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 79(9), pages 2733-2740.
    2. Nizar, Muhammad Afdi, 2012. "Pengaruh Jumlah Turis Dan Devisa Pariwisata Terhadap Nilai Tukar Rupiah
      [The Effect Of Tourism On Rupiah Exchange Rates]
      ," MPRA Paper 65629, University Library of Munich, Germany.
    3. Isabel Cortes-Jimenez, 2006. "Tourism and Economic Growth At Regional Level: the Cases of Spain and Italy," ERSA conference papers ersa06p61, European Regional Science Association.
    4. Agiomirgianakis, George & Serenis, Dimitrios & Tsounis, Nicholas, 2017. "Effective timing of tourism policy: The case of Singapore," Economic Modelling, Elsevier, vol. 60(C), pages 29-38.
    5. repec:eee:touman:v:40:y:2014:i:c:p:46-58 is not listed on IDEAS
    6. repec:eee:touman:v:60:y:2017:i:c:p:47-55 is not listed on IDEAS
    7. repec:eee:touman:v:57:y:2016:i:c:p:84-90 is not listed on IDEAS
    8. George Anastassopoulos & Fragkiskos Filippaios & Paul Phillips, 2007. "An ‘eclectic’ investigation of tourism multinationals’ activities: Evidence from the Hotels and Hospitality Sector in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 08, Hellenic Observatory, LSE.
    9. repec:eee:touman:v:45:y:2014:i:c:p:226-233 is not listed on IDEAS
    10. Tatsuaki Kuroda & Kaifan Chen, 2015. "A model of cross-border tourism competition," ERSA conference papers ersa15p323, European Regional Science Association.
    11. Marino, Alfonso, 2009. "The Tourist Sector: Italian Experience," MPRA Paper 25312, University Library of Munich, Germany, revised 11 Nov 2009.

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