THE CONTRIBUTION OF SUSTAINABLE TOURISM TO ECONOMIC GROWTH AND EMPLOYMENT IN GREECE

Tiberiu Cristian Avrãmescu ()
Additional contact information
Tiberiu Cristian Avrãmescu: University of Pitesti, Faculty of Economics and Law, Romania

Scientific Bulletin - Economic Sciences, 2022, vol. 21, issue 3, 83-90

Abstract: In the global economy, tourism is one of the most important sectors, having a multiplier effect on the other branches of the national economy. The increase in tourist arrivals and implicitly the receipts from tourism can have a positive effect on nations, especially on the Gross Domestic Product and employment. Tourism is a key sector of the national economy of Greece. This study analyzes the impact of tourism on economic growth and employment in Greece, for the analyzed period 1995-2019. The regression analysis we made shows that there is a strong long-term relationship between tourism development and economic growth, respectively employment in Greece, suggesting that the policy makers in this country need to further promote economic policy measures to support this important sector of the national economy.

Keywords: unemployment rate; economic growth; sustainable tourism. (search for similar items in EconPapers)
JEL-codes: E24 F63 O44 Z32 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://economic.upit.ro/RePEc/pdf/2022_3_11.pdf (application/pdf)

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:pts:journl:y:2022:i:3:p:83-90

Access Statistics for this article

Scientific Bulletin - Economic Sciences is currently edited by Alina Hagiu

More articles in Scientific Bulletin - Economic Sciences from University of Pitesti Contact information at EDIRC.
Bibliographic data for series maintained by Alina Hagiu ().