engleski

Tourist Multipliers And Devaluation Scenario

We discuss the policy implications of utilizing alternative exchange rate policy of HRK on the tourism consumption in Croatia. Our calculation shows, on the basis of partial regression of import and export, with reference to the nominal foreign rate of exchange and according to an obtained elasticity coefficients of export and import a larger but mild multiple economic impact on the production and employment level if the devaluation scenario is applied.

Croatia; tourism; technical coefficients; multiplicative effect; export's elasticity; devaluation

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