IDEAS home Printed from https://ideas.repec.org/p/bog/wpaper/144.html
   My bibliography  Save this paper

A note on the effectiveness of price policy on tourist arrivals to Greece

Author

Listed:
  • Eleni Gazopoulou

    () (Bank of Greece)

Abstract

This paper aims at pointing out the adverse repercussions on the Greek travel industry resulting from the contradicting policy measures taken by the various governments due to the lack of a consistent strategy on tourism. The analysis takes as an example the reduction of the VAT from 11% down to 6.5% for hotel accommodation which has been followed by an increase of the VAT from 13% to 23% for certain categories of restaurant services. The paper concludes by underlining that the damage done is not so much the net negative impact of the two specific measures and their disappointing fiscal performance, as the adverse repercussions that they entail for the market through the confusion that they cause, thus discouraging both tourists as well as prospective foreign investors.

Suggested Citation

  • Eleni Gazopoulou, 2012. "A note on the effectiveness of price policy on tourist arrivals to Greece," Working Papers 144, Bank of Greece.
  • Handle: RePEc:bog:wpaper:144
    as

    Download full text from publisher

    File URL: http://www.bankofgreece.gr/BogEkdoseis/Paper2012144.pdf
    File Function: Full Text
    Download Restriction: no

    References listed on IDEAS

    as
    1. Helen Gazopoulou, 2011. "Assessing the impact of terrorism on travel activity in Greece," Working Papers 127, Bank of Greece.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christine de la Maisonneuve, 2016. "How to boost export performance in Greece," OECD Economics Department Working Papers 1299, OECD Publishing.
    2. Lars-H. R. Siemers, 2014. "A General Microsimulation Model for the EU VAT with a specific Application to Germany," International Journal of Microsimulation, International Microsimulation Association, vol. 7(2), pages 40-93.
    3. repec:eee:touman:v:61:y:2017:i:c:p:426-433 is not listed on IDEAS

    More about this item

    Keywords

    Tourism; Current Account;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bog:wpaper:144. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christina Tsochatzi). General contact details of provider: http://edirc.repec.org/data/boggvgr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.