Resumen de Research note: The exchange rate, euro switch and tourism revenue in Greece

Alexi Thompson, Henry Thompson

• 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.