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The Contribution Of Sustainable Tourism To Economic Growth And Employment In Greece

Author

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  • Tiberiu Cristian AVRÃMESCU

    (University of Pitesti, Faculty of Economics and Law, Romania)

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.

Suggested Citation

  • Tiberiu Cristian AVRÃMESCU, 2022. "The Contribution Of Sustainable Tourism To Economic Growth And Employment In Greece," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 21(3), pages 83-90.
    • Handle: RePEc:pts:journl:y:2022:i:3:p:83-90
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    References listed on IDEAS

    as
    1. Gabriel Sanda, 2016. "How To Make A Destination More Competitive In Tourism," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 74-77, June.
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      More about this item

      Keywords

      unemployment rate; economic growth; sustainable tourism.;
      All these keywords.

      JEL classification:

      • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
      • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
      • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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