2020
DOI: 10.1177/1354816620946547
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The COVID-19 multiplier effects of tourism on the Greek economy

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 o… Show more

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Cited by 90 publications
(46 citation statements)
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“…In another study, Tsionas (2020) discussed the problem of post-COVID-19 gradual adjustment in the tourism and hospitality industry. Mariolis et al (2020) estimated the COVID-19 multiplier effects of tourism on gross domestic product (GDP), total employment, and trade balance of the Greek economy.…”
Section: Literature Revie Wmentioning
confidence: 99%
“…In another study, Tsionas (2020) discussed the problem of post-COVID-19 gradual adjustment in the tourism and hospitality industry. Mariolis et al (2020) estimated the COVID-19 multiplier effects of tourism on gross domestic product (GDP), total employment, and trade balance of the Greek economy.…”
Section: Literature Revie Wmentioning
confidence: 99%
“…There are a number of wider reasons supporting the national case. One is that Greece has fared really well in mitigating the effects of the pandemic (Mariolis et al, 2020). This is mostly attributed to policy makers that gave the front seat to the medical experts that had had a significant leverage into the everyday policy directions.…”
Section: Target Populationmentioning
confidence: 99%
“…They concluded that the increasing health risks of Covid 19 and lock-down policies have decreased tourism demand. According to Mariolis et al (2020) covid-19 affects the tourism and tourism have further multiplier effect on other macroeconomic variables, like employment, GDP, and on trade balance. By using a multisectoral model for Greek economy the authors showed a decrease in the employment level by2.1 to 6.4 per cent.…”
Section: Literature Reviewmentioning
confidence: 99%