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Fiscal Multipliers Under Extreme Uncertainty: Case of Greek Tourism Economy

In: Operational Research in Agriculture and Tourism

Author

Listed:
  • Georgios Alexopoulos

    (University of Peloponnese)

  • Alexandros Apostolakis

    (Hellenic Mediterranean University (HMU))

  • Constantin Zopounidis

    (Technical University of Crete)

  • Alexandros Garefalakis

    (Hellenic Mediterranean University (HMU))

  • Marianna Eskantar

    (Technical University of Crete)

Abstract

This article explores how the impact of the economic strategy on performance can shift depending on whether the economy is in progress or recession. This particular strategy seems to affect the tourism sector especially in the central regions of Greek territory and not in the areas bordering sea tourism destinations. Extensions and bends are characterized by the indication of the performance slit (positive and negative, separately). The choice to use the yield segment as a marginal variable is promoted by a few elements, one of which is that under a negative performance gap, free from the GDP growth rate, abundance limits are predictable for the economy, reducing the decline in private business measures after a stunning administration.

Suggested Citation

  • Georgios Alexopoulos & Alexandros Apostolakis & Constantin Zopounidis & Alexandros Garefalakis & Marianna Eskantar, 2020. "Fiscal Multipliers Under Extreme Uncertainty: Case of Greek Tourism Economy," Cooperative Management, in: Evangelia Krassadaki & George Baourakis & Constantin Zopounidis & Nikolaos Matsatsinis (ed.), Operational Research in Agriculture and Tourism, pages 83-105, Springer.
    • Handle: RePEc:spr:comchp:978-3-030-38766-2_5
    DOI: 10.1007/978-3-030-38766-2_5
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