Impact of Tourism



In the ancient history, the Argonauts were symbolizing man’s unrestricted desire to seek for something unique, under difficult and unknown circumstances. The Argonauts sailed in their ship, named Argo, through the Bosporus to the Black Sea. On board were many well-known Greek heroes, amongst others, Heracles, Nestor, Orpheus and Theseus, while the captain in charge was Jason. Their discovery tour led to spectacular adventures, but at the end they managed to fetch the Golden Fleece. This episode of Greek mythology took place several years before the Trojan War, but illustrates clearly the drive of mankind to explore the unknown.


Foreign Direct Investment Tourist Destination Small Open Economy Tourist Sector Balance Growth Path 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  • Álvaro Matias
    • 1
  • Peter Nijkamp
    • 2
  • Manuela Sarmento
    • 1
  1. 1.School of Economics and BusinessLusíada UniversityLisbonPortugal
  2. 2.Department of Spatial EconomicsVU University AmsterdamAmsterdamThe Netherlands

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