An Econometric Investigation of Greek Tourism: A Note

This note investigates the factors which affect Greek tourism. An econometric model is used to estimate demand and supply functions of the tourist sector in Greece. Using annual data from 1960 to 1993, an econometric model was estimated with two-stage least squares (2SLS). Finally, the economic benefits of the tourist sector to the Greek economy were analysed, by doing dynamic simulations with the empirical model.