An Empirical Study on Tourism and Economic Growth in Greece: An Autoregressive Distributed Lag Boundary Test Approach

Mavrommati, Athanasia; Kazanas, Thanassis; Pliakoura, Alexandra; Kalogiannidis, Stavros; Chatzitheodoridis, Fotios

doi:10.37394/23207.2024.21.49

Cited by 6 publications

References 69 publications

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Olive oil export competitiveness in leading producing nations: an econometric approach

Mavrommati,

Pliakoura,

Kontogeorgos

2024

JADEE

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PurposeThis study aims to identify factors influencing the comparative advantages of leading olive oil exporting countries. It focuses on production, consumption, agricultural capital stock, GDP per capita and export prices.Design/methodology/approachThe paper analyzes data from 10 leading olive oil producing countries around the world. The study period covers the last decade from 2013 to 2022. Panel data analysis was used to assess these variables’ impact on the revealed comparative advantage (RCA) index.FindingsThe results show that higher agricultural capital stock and GDP significantly improve export performance. Domestic consumption and pricing strategies also affect market competitiveness. The study offers insights for optimizing production and enhancing global competitiveness for policymakers and industry stakeholders.Research limitations/implicationsThe main objective of this study was to determine the factors affecting the RCA index in olive oil exports. However, due to limited data for the study period, additional factors that may affect competition, such as regional policies, production costs and agricultural subsidies, were not included.Originality/valueAlthough there are many studies related to the competitiveness of olive oil exports, this work adds originality to the research by studying the dominant olive oil-producing countries as a whole for a multi-crisis decade due to significant economic, environmental and political changes that have changed the parameters of the international trade. This temporal scope enhances the relevance and applicability of the findings.

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Olive oil export competitiveness in leading producing nations: an econometric approach

Mavrommati,

Pliakoura,

Kontogeorgos

2024

JADEE

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Spatiotemporal analysis of Holiday Climate Index for urban and beach destinations in Greece.

Petrou,

Pavlos

2024

Preprint

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The relationship between climate change and tourism is multifaceted, with each influencing the other in various ways. This dynamic poses both challenges and opportunities for the tourism industry. The Mediterranean basin is often referred to as a hotspot for climate change, and Greece, as one of the top Mediterranean summer destinations, faces significant challenges. In this study, the Holiday Climate Index (HCI) was calculated, to assess the climate suitability of urban (HCI urban) and beach (HCI beach) destinations for tourism activities in Greece during the summer. The spatial and temporal trends were examined for the period 1981 to 2024 over Greece. Moreover, the future performance of HCI was examined for all Greek destinations, based on three climate scenarios, namely SSP1-2.6, SSP2-4.5 and SSP5-8.5, during the period 2025–2099. Between 1981 and 2024, the most notable decreases in HCI observed during June, mainly for beach destination at Ionian islands, South Aegean and at coastal areas south of Thessaloniki. Also, significant decreases occurred for urban destinations in West Macedonia, Epirus, and west Thessaly during July and August for the same period. Regarding the future projection, it was detected that under all climate scenarios, the HCI is expected to decline in the future. Consequently, this methodology might be useful for tourism climate adaptation and heat mitigation policies.

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The Use of DEA for ESG Activities and DEI Initiatives Considered as “Pillar of Sustainability” for Economic Growth Assessment in Western Balkans

Basdekidou,

Papapanagos

2024

Digital

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Data envelopment analysis (DEA), which is frequently used in efficiency analysis, has also been applied to the measurement of entrepreneurial efficiency for the attainment of desired values of macroeconomic indicators (such as the objectives of sustainable economic growth). For this application, DEA takes into account the economic, environmental, and social impact of entrepreneurship as the three dimensions of sustainability. This paper aimed to investigate the potential for a scalable (in diversity, equity, and inclusion dimensions) DEA application in sustainable entrepreneurship performance (SEP) assessment through three channels (assessing SEP without ESG activities; ESG→SEP; ESG (DEI)→SEP) and present an empirical study related to economic growth assessment and its environmental, social, and governance (ESG), and diversity, equity and inclusion (DEI) determinants across selected Western Balkans (WB) and European Union (EU) companies, based on the use of the proposed scalable DEA. It highlights how crucial a scalable nonparametric approach to macroeconomic efficiency analysis is and provides a more comprehensive perspective to the researchers on this issue. This study used a non-oriented DEA model with variable return-to-scale in a group of 60 WB and 60 EU companies, all of which adopted ICT/Blockchain (BC) technologies (the 11 ESG metrics). The annual corporate data was collected for seven years from 2017 until 2023. We projected the selected data to three country particularities (mass acceptance, adoption, and implementation of ICT/BC; mass labor force return from overseas; and ethnic, cultural, and religious particularities) and performed statistical analysis. Our findings estimate the influence of these three particularities on economic growth potential. In all countries’ cases, we found a statistically sound (significant, positive) correlation between ESG and SEP’s economic growth quality performance. Particularly, when corporate social and DEI initiatives mediate (channel III), SEP’s economic growth gains the best performance (+18%) in countries with ethnic, cultural, and religious particularities (BiH, NM), a +17% in countries enjoying massive labor force return from overseas (AL) and performs well in quality (particularly in the innovation and integrity) SEP performance success dimensions (all WB and EU countries). The proposed scalable DEA shows clearly, by performing an empirical analysis, which modern business (adopting ICT/BC) is the most effective in achieving sustainability projected to country particularities, helping corporate management to improve economic growth efficiency.

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An Empirical Study on Tourism and Economic Growth in Greece: An Autoregressive Distributed Lag Boundary Test Approach

Cited by 6 publications

References 69 publications

Olive oil export competitiveness in leading producing nations: an econometric approach

Olive oil export competitiveness in leading producing nations: an econometric approach

Spatiotemporal analysis of Holiday Climate Index for urban and beach destinations in Greece.

The Use of DEA for ESG Activities and DEI Initiatives Considered as “Pillar of Sustainability” for Economic Growth Assessment in Western Balkans

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