The COVID-19 multiplier effects of tourism on the Greek economy

• Theodore Mariolis ^[1] ; Nikolaos Rodousakis ^[2] ; George Soklis ^[2]
  1. [1] Panteion University

     Panteion University

     Dimos Athens, Grecia

     
  2. [2] Centre of Planning and Economic Research (KEPE), Greece
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 27, Nº. 8, 2021, págs. 1848-1855
• Idioma: inglés
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• Resumen

  • Using a multisectoral model and data from the Supply and Use Tables, this article estimates the COVID-19 multiplier effects of tourism on gross domestic product (GDP), total employment, and trade balance of the Greek economy. The results indicate that a—not-unexpected—decrease of international travel receipts in the range of 3.5 to 10.5 billion euros would lead to a decrease in GDP of about 2.0% to 6.0%, a decrease in the levels of employment of about 2.1% to 6.4% and an increase in the trade balance deficit of about 2.4 to 7.1 billion euros, respectively.