terrorism on competitors' market shares in tourism sector where involved countries enjoy significant tourism activities but are … Israel and Turkey are more sensitive to terrorism incidents than in Greece. There are also significant regional contagion … effects of terrorism. We find that a higher level of terrorist incidents in Greece is associated with an increase in the …

The purpose of this paper is to examine the impact of terrorism on tourism demand in Greece using monthly data from … data for cyclical seasonality and applying PCA to construct a terrorism proxy according to the severity of the incident …. Our findings concur that terrorism has a significant negative impact on tourist arrivals to Greece and that causality is …