Competition in tourism among the Mediterranean countries
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.
Document Type: Research Article
Affiliations: 1: Athens University of Economics and Business, Department of Management Science and Marketing, 76 Patission str., Athens 10434, Greece 2: Athens University of Economics and Business, Department of Accounting, and Finance, 76 Patission str., Athens 10434, Greece
Publication date: September 10, 2005