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Golden visa programs and tourism receipts

Author

Listed:
  • Patroklos Patsoulis

    (UIR - International University of Rabat, Rabat, Morocco)

  • Konstantinos Eleftheriou

    (Department of Economics, University of Piraeus)

  • Christos Alexakis

    (ESC [Rennes] - ESC Rennes School of Business)

Abstract

•Greece has received a substantial amount of golden visa capital injections.•We examine the impact of golden visa investors on tourism receipts.•A spatial econometric model is used.•Our findings indicate that golden visa investors augment the tourist industry.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Patroklos Patsoulis & Konstantinos Eleftheriou & Christos Alexakis, 2025. "Golden visa programs and tourism receipts," Post-Print hal-04915882, HAL.
    • Handle: RePEc:hal:journl:hal-04915882
    DOI: 10.1016/j.annals.2025.103902
    as

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    References listed on IDEAS

    as
    1. Florax, Raymond J. G. M. & Folmer, Hendrik & Rey, Sergio J., 2003. "Specification searches in spatial econometrics: the relevance of Hendry's methodology," Regional Science and Urban Economics, Elsevier, vol. 33(5), pages 557-579, September.
    2. M. Hashem Pesaran, 2021. "General diagnostic tests for cross-sectional dependence in panels," Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
    3. Federico Belotti & Gordon Hughes & Andrea Piano Mortari, 2017. "Spatial panel-data models using Stata," Stata Journal, StataCorp LLC, vol. 17(1), pages 139-180, March.
    4. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    5. James LeSage & Matthew Dominguez, 2012. "The importance of modeling spatial spillovers in public choice analysis," Public Choice, Springer, vol. 150(3), pages 525-545, March.
    6. Mikulić, Josip & Vizek, Maruška & Stojčić, Nebojša & Payne, James E. & Čeh Časni, Anita & Barbić, Tajana, 2021. "The effect of tourism activity on housing affordability," Annals of Tourism Research, Elsevier, vol. 90(C).
    7. Surak, Kristin & Tsuzuki, Yusuke, 2021. "Are golden visas a golden opportunity? Assessing the economic origins and outcomes of residence by investment programmes in the EU," LSE Research Online Documents on Economics 110458, London School of Economics and Political Science, LSE Library.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Foreign investment; Golden-visa; Tourist destinations;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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