Greek Consumers’ Expenditure on Recreation Activities during Difficult Times

Abstract

This paper uses a dataset of 800 consumers in Athens for the time period 2010-2011 in order to examine the impact of socio-economic and psychological parameters on Greek consumers' expenditure on recreation activities. Several ordinary least squares techniques are applied to capture the possible non-linearities relationship between covariates and criterion variable. Results reveal strong associations between demographic, socioeconomic and psychological parameters and consumers' attitude in recreation expenditures experimentation.