IDEAS home Printed from https://ideas.repec.org/a/zag/zirebs/v17y2014iscip65-80.html
   My bibliography  Save this article

Economic Growth and Tourism Demand in Croatia: the Cyclical Component Analysis

Author

Listed:
  • Tonći Svilokos Meri Šuman Tolić Ivana Pavlić

    (University of Dubrovnik, Department of Economics and Business, Dubrovnik, Croatia University of Dubrovnik, Department of Economics and Business, Dubrovnik, Croatia University of Dubrovnik, Department of Economics and Business, Dubrovnik, Croatia)

Abstract

Development of tourism has often been considered as a positive contributor to economic growth. The impact of tourism to a country economy is multifaceted. As such, tourism may represent an excellent tool for development. This paper presents preliminary findings using descriptive statistics and spectral analysis. Therefore, the main purpose of this research is to examine the relationship between the cyclical components of Croatian economy for periods 1972-2013. Using spectral analysis the authors compare the cyclical fluctuations of gross domestic product (GDP) and total tourist arrivals. VAR analysis is also applied in order to detect the relationship between analysed cyclical components in Croatia. JEL Classification: E42, L83, E27, O40, C22

Suggested Citation

  • Tonći Svilokos Meri Šuman Tolić Ivana Pavlić, 2014. "Economic Growth and Tourism Demand in Croatia: the Cyclical Component Analysis," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 17(Special C), pages 65-80, December.
  • Handle: RePEc:zag:zirebs:v:17:y:2014:i:sci:p:65-80
    as

    Download full text from publisher

    File URL: http://www.efzg.unizg.hr/default.aspx?id=21906
    Download Restriction: Abstract only available on-line
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Duyen Dang Thi Thuy & Huyen Giang Thi Thu, 2023. "Tourism with Energy Production and Consumption in the Red River Delta, Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 501-509, January.

    More about this item

    Keywords

    tourist arrivals; economic growth; cycle components; VAR; Croatia;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

    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:zag:zirebs:v:17:y:2014:i:sci:p:65-80. 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: Jurica Šimurina (email available below). General contact details of provider: https://edirc.repec.org/data/fefzghr.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.