TITLE:
The Resilience of the Greek Tourism Sector Ensures Growth Prospects for the Greek Economy: A Note
AUTHORS:
George Myron Agiomirgianakis, George Sfakianakis
KEYWORDS:
Tourism, Resilience, Growth Impact, Growth Prospects, Competitive Position
JOURNAL NAME:
Modern Economy,
Vol.13 No.6,
June
29,
2022
ABSTRACT: In this short paper, we
present data on the Greek Tourism sector for the last twenty years to
demonstrate our view that this very important sector of the Greek economy has
withstood consecutive adverse shocks during this period without significant
losses to its competitive position at the international level.
Thus, by proving the resilience of this specific sector (a unique case among
the sectors of the Greek economy—matched only by the shipping sector albeit to
a lesser degree), we corroborate that tourism has supported the
growth dynamism of the Greek economy during difficult times; moreover, based on
its contribution in the past, specific comparative advantages and current
favourable prospects, it could well prove to be a “reliable” driver
of growth also during the recovery period and the medium-term as well.