Labour market regulations and efficiency in tourism industry

This study examines the effect of labour market regulations on Greek tourism industry performance. The industry, steam engine economy, always drives to enhance efforts reach further savings in operating costs. However, that influence sector’s ability adjust costs have not been thoroughly investigated. We present a novel methodology permits evaluation technical and allocative efficiency one step. empirical results demonstrate complexity relationship between efficiency. Labour liberalization is associated with improvements but may opposite effects Policymakers should pay attention these complicated interactions when planning reforms market. JEL codes: D24, D61, J30, J80, Z30