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Public Sector Transparency and Tourism Real Estate Investments in Greece

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  • Triantafyllopoulos, N.

Abstract

This work aims to elucidate constraints in foreign investments in the Greek tourism sector, in relation to market transparency, by placing a public sector company opposite the Public Sector. The paper draws on scientific research, government documents, and professional standards to explain the dimensions of the weak form transparency of the real estate market and its effects in international investments in tourism property development in Greece. It stresses the contradiction between the State’s professed goals for tourism development and the effects of the lack of transparency in developing State-owned and private tourist properties.

Suggested Citation

  • Triantafyllopoulos, N., 2006. "Public Sector Transparency and Tourism Real Estate Investments in Greece," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 6(2).
    • Handle: RePEc:eaa:eerese:v:6:y2006:i:6_11
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    File URL: http://www.usc.es/economet/reviews/eers624.pdf
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    References listed on IDEAS

    as
    1. Shirley, Mary M., 1999. "Bureaucrats in business: The roles of privatization versus corporatization in state-owned enterprise reform," World Development, Elsevier, vol. 27(1), pages 115-136, January.
    2. Jakob Svensson, 2005. "Eight Questions about Corruption," Journal of Economic Perspectives, American Economic Association, vol. 19(3), pages 19-42, Summer.
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    Cited by:

    1. Elena IONASCU & Marilena MIRONIUC & Ion ANGHEL, 2019. "Transparency of Real Estate Markets: Conceptual and Empirical Evidence," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 17(154), pages 306-306.
    2. Gholipour, Hassan F. & Arjomandi, Amir & Andargoli, Amirhossein Eslami & Bennett, Rohan, 2023. "On real estate market transparency: The relationship with ICT trade and investment," Land Use Policy, Elsevier, vol. 133(C).
    3. Rakela Thano, 2013. "Touristic Investments In Saranda Region," Romanian Economic Business Review, Romanian-American University, vol. 8(2), pages 117-130, June.

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    More about this item

    Keywords

    Property market; transparency; tourism; Greece;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property

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