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Research Note: The Exchange Rate, Euro Switch and Tourism Revenue in Greece

Author

Listed:
  • Alexi Thompson

    (Department of Agricultural Economics, Kansas State University, 342 Waters Hall, Manhattan, KS 66506-4011, USA)

  • Henry Thompson

    (Economics, Comer Hall, Auburn University, AL 36849, USA)

Abstract

The exchange rate and switch to the euro may be thought to have lowered tourism revenue in Greece. These effects are examined with data from 1974 to 2006 in an error correction model of optimal tourist spending that includes source country income and air travel costs. The results may be relevant for touristic countries considering competitive devaluation or a monetary union.

Suggested Citation

  • Alexi Thompson & Henry Thompson, 2010. "Research Note: The Exchange Rate, Euro Switch and Tourism Revenue in Greece," Tourism Economics, , vol. 16(3), pages 773-780, September.
    • Handle: RePEc:sae:toueco:v:16:y:2010:i:3:p:773-780
    DOI: 10.5367/000000010792278338
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    References listed on IDEAS

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    1. Kennedy, Peter E, 1981. "Estimation with Correctly Interpreted Dummy Variables in Semilogarithmic Equations [The Interpretation of Dummy Variables in Semilogarithmic Equations]," American Economic Review, American Economic Association, vol. 71(4), pages 801-801, September.
    2. Nikolaos Dritsakis, 2004. "Tourism as a Long-Run Economic Growth Factor: An Empirical Investigation for Greece Using Causality Analysis," Tourism Economics, , vol. 10(3), pages 305-316, September.
    3. Balassa, Bela, 1973. "Just How Misleading are Official Exchange Rate Conversions?: Comment," Economic Journal, Royal Economic Society, vol. 83(332), pages 1258-1267, December.
    4. Teresa Garin-Munoz & Teodosio Perez Amaral, 2000. "An econometric model for international tourism flows to Spain," Applied Economics Letters, Taylor & Francis Journals, vol. 7(8), pages 525-529.
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    Cited by:

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    2. Cem Işık & Ercan Sirakaya-Turk & Serdar Ongan, 2020. "Testing the efficacy of the economic policy uncertainty index on tourism demand in USMCA: Theory and evidence," Tourism Economics, , vol. 26(8), pages 1344-1357, December.
    3. Thomas Habanabakize & Lerato Mothibi, 2024. "The Implication of Political Risk and Specific Macroeconomic Variables on Total Revenue in Tourism Industry," International Journal of Economics and Financial Issues, Econjournals, vol. 14(3), pages 170-177, May.
    4. Ngassam, Sylvain B. & Asongu, Simplice A. & Ngueuleweu, Gildas Tiwang, 2024. "A revisit of the natural resource curse in the tourism industry," Resources Policy, Elsevier, vol. 88(C).
    5. Manu Sharma & Geetilaxmi Mohapatra & A. K. Giri, 2022. "Examining the macro-determinants of tourist arrivals in India," SN Business & Economics, Springer, vol. 2(8), pages 1-18, August.
    6. Ferhat Citak, 2018. "Exchange Rate and Turkish Tourism Trade," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 206-213.
    7. Hyunsoo KANG, 2015. "Agricultural exports and economic growth: Empirical evidence from the major rice exporting countries," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(2), pages 81-87.
    8. William Addessi & Bianca Biagi & Maria Giovanna Brandano, 2019. "Evaluating the effect of the introduction of the euro on tourist flows: A synthetic control approach," The World Economy, Wiley Blackwell, vol. 42(5), pages 1554-1575, May.

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