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The Tourism-Growth Nexus in Croatia (CROSBI ID 155913)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Payne, James ; Mervar, Andrea
The Tourism-Growth Nexus in Croatia // Tourism economics, 16 (2010), 4; 1089-1094. doi: 10.5367/te.2010.0014
Podaci o odgovornosti
Payne, James ; Mervar, Andrea
engleski
The Tourism-Growth Nexus in Croatia
This empirical study examines the tourism-led growth hypothesis for Croatia using quarterly data from 2000:1 to 2008:3. The Toda-Yamamoto long-run causality tests reveal positive unidirectional causality from real GDP to international tourism revenues as well as positive unidirectional causality from real GDP to the real effective exchange rate. Thus, the results lend support for the economic-driven tourism growth hypothesis.
tourism; real GDP; real exchange rate; and Granger-causality
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