Fiscal Multipliers Under Extreme Uncertainty: Case of Greek Tourism Economy

  • Georgios AlexopoulosEmail author
  • Alexandros Apostolakis
  • Constantin Zopounidis
  • Alexandros Garefalakis
  • Marianna Eskantar
Conference paper
Part of the Cooperative Management book series (COMA)


This article explores how the impact of the economic strategy on performance can shift depending on whether the economy is in progress or recession. This particular strategy seems to affect the tourism sector especially in the central regions of Greek territory and not in the areas bordering sea tourism destinations. Extensions and bends are characterized by the indication of the performance slit (positive and negative, separately). The choice to use the yield segment as a marginal variable is promoted by a few elements, one of which is that under a negative performance gap, free from the GDP growth rate, abundance limits are predictable for the economy, reducing the decline in private business measures after a stunning administration.


GDP growth rate Tourism sector Performance slit Economy strategy 


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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Georgios Alexopoulos
    • 1
    Email author
  • Alexandros Apostolakis
    • 2
  • Constantin Zopounidis
    • 3
  • Alexandros Garefalakis
    • 2
  • Marianna Eskantar
    • 3
  1. 1.Department of Social and Educational PolicyUniversity of PeloponneseKorinthosGreece
  2. 2.Department of Business Administration and TourismHellenic Mediterranean University (HMU)CreteGreece
  3. 3.Financial Engineering LaboratoryTechnical University of CreteChaniaGreece

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