IDEAS home Printed from https://ideas.repec.org/a/avo/emipdu/v30y2021i2p367-392.html
   My bibliography  Save this article

The Model Of Expressing Revenues Through Sustainable Development Variables On The Example Of Nautical Ports In Croatia

Author

Listed:
  • Eli Marusic

    (University of Split)

Abstract

The economic prosperity of maritime regions depends on the development of nautical ports and related activities. Therefore, nautical ports and nautical tourism are essential for the creation of jobs and revenues and for the coastal and island communities' overall social and economic development. Moreover, high revenues generated by nautical tourism have a significant share in total revenues from tourism as the primary source of income in the Croatian economy. Therefore, this paper investigates the total revenues of nautical ports by proposing a model consisting of three steps: 1) classification of input variables into three categories: environmental, social, and economic according to the fundamental aspects of sustainable development; 2) application of the principal component analysis to each category to form new variables as representatives of the categories; 3) application of the multiple regression method for the analysis of total revenues. Statistical analysis and comparison of the results show that the proposed model well expresses the total revenues, r2 = 0.92, with confirmed statistical significance. Thus, the analysis and the proposed model enable not only a more objective understanding of the observed system, but also the analysis of its sustainable development, and a decision-making process.

Suggested Citation

  • Eli Marusic, 2021. "The Model Of Expressing Revenues Through Sustainable Development Variables On The Example Of Nautical Ports In Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 30(2), pages 367-392, december.
    • Handle: RePEc:avo:emipdu:v:30:y:2021:i:2:p:367-392
    DOI: 10.17818/EMIP/2021/2.3
    as

    Download full text from publisher

    File URL: https://hrcak.srce.hr/file/387826
    Download Restriction: no
    File URL: https://libkey.io/10.17818/EMIP/2021/2.3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    revenue model; economic variables; environmental variables; social variables; nautical ports;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z30 - Other Special Topics - - Tourism Economics - - - General
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:avo:emipdu:v:30:y:2021:i:2:p:367-392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nebojsa Stojcic (email available below). General contact details of provider: https://edirc.repec.org/data/oedubhr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.