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Influence Of Fdi On Tourism In Croatia

Author

Listed:
  • Ivanovic, Zoran

    (Faculty of Tourism and Hospitality Management Opatija, University of Rijeka, Croatia)

  • Baresa, Suzana

    (Faculty of Tourism and Hospitality Management Opatija, University of Rijeka, Croatia)

  • Bogdan, Sinisa

    (Faculty of Tourism and Hospitality Management Opatija, University of Rijeka, Croatia)

Abstract

Tourism is one of the most rapidly growing industries in the world. Many developing countries consider it as possibility for raising export earnings. Most important role in the internationalization of production has foreign direct investment. This paper investigates the contribution of FDI (Foreign direct investment) on economic growth, how does it reflect on tourism in Croatia. FDI are important for development of technology, unfortunately most foreign investment went to infrastructure, in terms of high unemployment and stagnating exports priority should be investment in the industrial structure since they have the greatest multiplier effect overall economic growth. Croatian export structure is obsolete. The share of technologically advanced products is small.

Suggested Citation

  • Ivanovic, Zoran & Baresa, Suzana & Bogdan, Sinisa, 2011. "Influence Of Fdi On Tourism In Croatia," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 2(1), pages 21-28.
    • Handle: RePEc:ris:utmsje:0023
    as

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    File URL: http://utmsjoe.mk/files/Vol.%202%20No.%201/0-2-1-2-IvanovicZ-Baresa-Bogdan_sredjeno.pdf
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    References listed on IDEAS

    as
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    4. Azman-Saini, W.N.W. & Baharumshah, Ahmad Zubaidi & Law, Siong Hook, 2010. "Foreign direct investment, economic freedom and economic growth: International evidence," Economic Modelling, Elsevier, vol. 27(5), pages 1079-1089, September.
    5. Leonard K. Cheng & Zihui Ma, 2010. "China's Outward Foreign Direct Investment," NBER Chapters, in: China's Growing Role in World Trade, pages 545-578, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Zhang, Wei-Bin, 2015. "Tourism, Trade, Externalities, And Public Goods In A Three-Sector Growth Model," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 6(1), pages 1-19.
    2. Abdur Rauf & Hafiz Muhammad Abubakar Siddique & Qasim Saleem & Sidra, 2020. "Terrorism and International Tourism Nexus: Evidence from Pakistan," International Journal of Economics and Financial Issues, Econjournals, vol. 10(5), pages 387-393.
    3. Yixing Yang & Md. Qamruzzaman & Mohd Ziaur Rehman & Salma Karim, 2021. "Do Tourism and Institutional Quality Asymmetrically Effects on FDI Sustainability in BIMSTEC Countries: An Application of ARDL, CS-ARDL, NARDL, and Asymmetric Causality Test," Sustainability, MDPI, vol. 13(17), pages 1-29, September.

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    More about this item

    Keywords

    FDI; GDP; tourism in Croatia; foreign investors;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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