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Applied Economics Volume 37, 2005 - Issue 16
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Original Articles

Competition in tourism among the Mediterranean countries

Vasilios Patsouratis * Athens University of Economics and Business, Department of Management Science and Marketing, 76 Patission str., Athens 10434, Greece
,
Zoe Frangouli Athens University of Economics and Business, Department of Management Science and Marketing, 76 Patission str., Athens 10434, Greece
&
George Anastasopoulos Athens University of Economics and Business, Department of Accounting, and Finance, 76 Patission str., Athens 10434, Greece
Pages 1865-1870 | Published online: 01 Sep 2006
 
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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.

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