by Theodore Mariolis, Nikolaos Rodousakis and George Soklis
Tourism Economics, 2020, forthcoming, https://journals.sagepub.com/doi/10.1177/1354816620946547
Abstract
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.
Γιώργος Σώκλης 