THE CONTRIBUTION OF TOURISM IN NATIONAL ECONOMIES: EVIDENCE OF GREECE
Journal Title: European Journal of Business and Social Sciences - Year 2017, Vol 5, Issue 10
Abstract
Greece constitutes a coastal country with a lot of geomorphologic, climatic, cultural and historic peculiarities favoring the development of many aspects of tourism. Within this framework, this article examines what are the effects of tourism in Greece and how determinative these effects are, by applying a macroscopic analysis on empirical data for the estimation of the contribution of tourism in the Greek Economy. The available data regard records of the Balance of Payments in Greece and of the major components of the Balance of the Invisible Revenues, where a measurable aspect of tourism, the Travel or Tourism Exchange, is included. At the time period of the available data (2000-2012) two events of the recent Greek history are distinguished as the most significant (the Olympic Games in the year 2004 and the economic crisis initiated in the year 2009) and their impact on the diachronic evolution in the tourism is discussed. Under an overall assessment, the analysis illustrated that tourism is a sector of the Greek economy, which is described by a significant resilience, but it seems that it has not yet been submitted to an effective developmental plan exploiting the endogenous tourism dynamics of the country, suggesting currently a promising investment of “low risk†for the economic growth of country and the exit of the economic crisis.
Authors and Affiliations
Olga Kalantzi| Department of Planning and Regional Development, University of Thessaly, Pedion Areos, Volos, 38 334, Greece, Dimitrios Tsiotas| Department of Planning and Regional Development, University of Thessaly, Pedion Areos, Volos, 38 334, Greece Corresponding author, Serafeim Polyzos| Department of Planning and Regional Development, University of Thessaly, Pedion Areos, Volos, 38 334, Greece
Keywords
Related Articles
- EP ID EP10855
- DOI -
- Views 373
- Downloads 16
Articulation of Political Discourse Through The Prism Of Mass Media In Pakistan
the world has changed radically since 1991 in domains of politics owing to the new struggles for democracy and development, new concerns about human rights and the environment, latest technology and the forces of nati...
CORPORATE STRATEGY AND BRANDING IN NIGERIA: IS THERE A LINK?
The study critically examined the relationship between corporate strategy and branding. To do this a sample of 450 were drawn from selected food companies’ executives in Lagos and its environs being the nerve centr...
ANALYSIS OF PUBLIC AND PRIVATE AGENTS IN REFUSE DISPOSAL SERVICES IN URBAN TOWNS IN DELTA STATE, NIGERIA
The study was meant to analyse the impact of the new entrant (private sector) into the waste disposal industry against the conventional (public sector) in waste disposal as perceived by users as a means of advocating...
APPLICATION OF EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL) IN REDUCING AUDIT EXPECTATION GAP IN NIGERIA
The inability of the stakeholders and auditors to have a common understanding of the scope of audit function and the transparency needed during the performance of the audit work have created an expectation gap which i...
THE SOCIAL SCIENCES AND THE SCIENTIFIC STUDY OF SOCIETY: THE FACT – VALUE DICHOTOMY DEBATE REVISITED
One major question which confronts students and scholars in the social sciences is whether facts and values can be separated in their researches. On the one hand, there are those who argue that with the use of some sc...