Tourism–growth nexus and spatial spillovers: Evidence from Greece

Abstract

In this research note, we reconsider the tourism–growth nexus by accounting for spillover effects between regional tourism development and regional economic growth. For this purpose, we utilize spatial panel econometric techniques to measure the above effects in 49 Greek prefectures during the period 2010–2014. Our findings indicate strong short-run and long-run spillover effects, suggesting that policymakers should consider regional tourism development as a key factor for boosting national economic growth.