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Causality Between Tourism Exports And Trade Openness: Empirical Analysis For Romanian Tourism

Author

Listed:
  • Camelia Surugiu

    (The National Institute for Research and Development in Tourism, Bucharest, Romania)

  • Marius-Razvan Surugiu

    (The Institute of National Economy Romanian Academy, Bucharest, Romania)

Abstract

This study investigates the causal relationships between tourism exports and trade openness, using the case of Romania. The study applies the unit root test, cointegration procedure and Granger causality test in vector error correction model (VECM), in the attempt to study the direction of the causalities. The results indicate one-way Granger causality, running from trade openness to tourism exports in the case of Romania.

Suggested Citation

  • Camelia Surugiu & Marius-Razvan Surugiu, 2011. "Causality Between Tourism Exports And Trade Openness: Empirical Analysis For Romanian Tourism," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(17), pages 100-109, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2011:i:17:p:100-109
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    tourism; cointegration; VECM; trade openness; exports;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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