The COVID-19 multiplier effects of tourism on the Greek economy

Theodore Mariolis (), Nikolaos Rodousakis and George Soklis
Additional contact information
Nikolaos Rodousakis: Centre of Planning and Economic Research (KEPE), Greece

Tourism Economics, 2021, vol. 27, issue 8, 1848-1855

Abstract: Using a multisectoral model and data from the Supply and Use Tables, this article estimates the COVID-19 multiplier effects of tourism on gross domestic product (GDP), total employment, and trade balance of the Greek economy. The results indicate that a—not-unexpected—decrease of international travel receipts in the range of 3.5 to 10.5 billion euros would lead to a decrease in GDP of about 2.0% to 6.0%, a decrease in the levels of employment of about 2.1% to 6.4% and an increase in the trade balance deficit of about 2.4 to 7.1 billion euros, respectively.

Keywords: COVID-19; Greek economy; matrix demand multiplier; tourism (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/1354816620946547 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:27:y:2021:i:8:p:1848-1855

DOI: 10.1177/1354816620946547

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().