The efficiency of the tourism industry in Greece during the economic crisis (2008 - 2016)

Authors

  • Panagiotis Pegkas School of Science, University of Thessaly, Greece. Еmail: papeg@cs.uth.gr

DOI:

https://doi.org/10.54055/ejtr.v32i.2376

Keywords:

tourism, efficiency, stochastic frontier, Greece, regions

Abstract

This paper investigates the efficiency of the tourism industry in Greek regions during the economic crisis (2008 – 2016). It applies the methodology of stochastic frontier analysis that allows us to estimate the regional efficiency scores and rankings. The results show that the tourism industry in Greece enjoys high average efficiency levels and seems to not fall behind in comparison to its competitors. The regions of South Aegean and Crete are regarded as the leaders in the efficiency ranking. Greece, in order to achieve more economic, social, and cultural benefits from tourism should continue the structural reforms, improving the prospects of the sector.

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Published

2022-08-05

How to Cite

Pegkas, P. (2022). The efficiency of the tourism industry in Greece during the economic crisis (2008 - 2016). European Journal of Tourism Research, 32, 3207. https://doi.org/10.54055/ejtr.v32i.2376