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Competition in tourism among the Mediterranean countries

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  • Vasilios Patsouratis
  • Zoe Frangouli
  • George Anastasopoulos

Abstract

This paper examines tourism competition among the Mediterranean countries with particular emphasis on Greece. The estimated model includes as explanatory variables an income index, a price index of the host country, a price index of the competitors (Spain, Portugal and Italy) and exchange rate. The results show that the main determinants of Greece's tourism demand are both price indexes and exchange rate. They also show that Spain seems to be Greece's main competitor.

Suggested Citation

  • Vasilios Patsouratis & Zoe Frangouli & George Anastasopoulos, 2005. "Competition in tourism among the Mediterranean countries," Applied Economics, Taylor & Francis Journals, vol. 37(16), pages 1865-1870.
    • Handle: RePEc:taf:applec:v:37:y:2005:i:16:p:1865-1870
    DOI: 10.1080/00036840500217226
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    References listed on IDEAS

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    1. Rosensweig, Jeffrey A., 1988. "Elasticities of substitution in Caribbean tourism," Journal of Development Economics, Elsevier, vol. 29(1), pages 89-100, July.
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    Cited by:

    1. Ketenci, Natalya, 2009. "The ARDL Approach to Cointegration Analysis of Tourism Demand in Turkey: with Greece as the substitution destination," MPRA Paper 86602, University Library of Munich, Germany.
    2. Veli YILANCI & Sertaç HOPOĞLU & Hakan ERYÜZLÜ, 2023. "The impact of the economic policy uncertainty and geopolitical risks on tourism demand of Mexico," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(636), A), pages 147-164, Autumn.
    3. Allen, David & Yap, Ghialy & Shareef, Riaz, 2009. "Modelling interstate tourism demand in Australia: A cointegration approach," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 79(9), pages 2733-2740.
    4. Martha Ofelia Lobo Rodriguez & Carlos Alberto Flores Sanchez & Duniesky Feito Madrigal & Jorge Quiroz Felix, 2016. "An Econometric Analysis Of The Demand For Tourism In Mexico, Un Analisis Econometrico De La Demanda De Turismo En Mexico," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 9(3), pages 61-70.
    5. Agiomirgianakis, George & Serenis, Dimitrios & Tsounis, Nicholas, 2017. "Effective timing of tourism policy: The case of Singapore," Economic Modelling, Elsevier, vol. 60(C), pages 29-38.
    6. Su, Yu-Wen & Lin, Hui-Lin, 2014. "Analysis of international tourist arrivals worldwide: The role of world heritage sites," Tourism Management, Elsevier, vol. 40(C), pages 46-58.
    7. Dogru, Tarik & Sirakaya-Turk, Ercan & Crouch, Geoffrey I., 2017. "Remodeling international tourism demand: Old theory and new evidence," Tourism Management, Elsevier, vol. 60(C), pages 47-55.
    8. Ben-David, Nissim & Teitler-Regev, Sharon & Tillman, Avi, 2016. "What is the optimal number of hotel rooms: Spain as a case study," Tourism Management, Elsevier, vol. 57(C), pages 84-90.
    9. Bình Nghiêm-Phú & Hồng Long Phạm, 2022. "Local Residents’ Attitudes Toward Reopening Inbound Tourism Amid COVID-19: A Study in Vietnam," SAGE Open, , vol. 12(2), pages 21582440221, May.
    10. Tatsuaki Kuroda & Kaifan Chen, 2015. "A model of cross-border tourism competition," ERSA conference papers ersa15p323, European Regional Science Association.
    11. 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).
    12. Seymur Ağazade & Egemen Güneş Tükenmez & Merve Uzun, 2023. "Is the volatility of international tourism revenues affected by tourism source market structure? An empirical analysis of Turkey," Tourism Economics, , vol. 29(2), pages 291-304, March.
    13. Emanuele Breda & Giacomo Oddo, 2019. "The determinants of foreign tourism demand: separating elasticities for the extensive and the intensive margin," Questioni di Economia e Finanza (Occasional Papers) 482, Bank of Italy, Economic Research and International Relations Area.
    14. Konstantinos Marinakos & Georgia Pistikou & Alkistis Papaioanou, 2023. "Tax Evasion in Hospitality Industry: Institutional Deficit, Mentality or Necessity?," Bulletin of Applied Economics, Risk Market Journals, vol. 10(1), pages 69-79.
    15. Nizar, Muhammad Afdi, 2012. "Pengaruh Jumlah Turis Dan Devisa Pariwisata Terhadap Nilai Tukar Rupiah [The Effect Of Tourism On Rupiah Exchange Rates]," MPRA Paper 65629, University Library of Munich, Germany.
    16. Isabel Cortes-Jimenez, 2006. "Tourism and Economic Growth At Regional Level: the Cases of Spain and Italy," ERSA conference papers ersa06p61, European Regional Science Association.
    17. George Anastassopoulos & Fragkiskos Filippaios & Paul Phillips, 2007. "An ‘eclectic’ investigation of tourism multinationals’ activities: Evidence from the Hotels and Hospitality Sector in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 08, Hellenic Observatory, LSE.
    18. De Vita, Glauco, 2014. "The long-run impact of exchange rate regimes on international tourism flows," Tourism Management, Elsevier, vol. 45(C), pages 226-233.
    19. Marino, Alfonso, 2009. "The Tourist Sector: Italian Experience," MPRA Paper 25312, University Library of Munich, Germany, revised 11 Nov 2009.
    20. Akhil Sharma & Tarun Vashishat & Abdul Rishad, 2019. "The consequences of exchange rate trends on international tourism demand: evidence from India," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 21(2), pages 270-287, December.

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