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Assessing the impact of terrorism on travel activity in Greece


  • Helen Gazopoulou

    () (Bank of Greece)


The 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

Suggested Citation

  • Helen Gazopoulou, 2011. "Assessing the impact of terrorism on travel activity in Greece," Working Papers 127, Bank of Greece.
  • Handle: RePEc:bog:wpaper:127

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    References listed on IDEAS

    1. 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, February.
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    Cited by:

    1. Eleni Gazopoulou, 2012. "A note on the effectiveness of price policy on tourist arrivals to Greece," Working Papers 144, Bank of Greece.

    More about this item


    Terrorism; Tourism; Current Account;

    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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