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Tourism Invisible Part of Exports: The Analysis of Slovenia and Montenegro on the Chinese Outbound Tourism

In: International Trade - On the Brink of Change

Author

Listed:
  • Andrej Raspor
  • Ana Stranjancevic
  • Iva Bulatovic
  • Darko Lacmanovic

Abstract

People's Republic of China is the largest, Slovenia is the 64th and Montenegro is the 162nd largest export economy in the world. Methods of analysis, deduction and induction and comparative method were used in this paper. The paper reviews and analyzes statistical data of international trade with China as well as of Chinese outbound tourism and provides an estimate of what share Slovenia and Montenegro received. Starting off with the research question 'Are the revenue from the export of China and revenue from Chinese inbound tourism ('invisible export') in gross domestic product (GDP) growing?' we have concluded that China is becoming a more important partner for both countries. There is a strong positive correlation between exports in China and the number of overnights of Chinese tourists both in Slovenia and Montenegro and that expenditure of Chinese tourists visiting these two countries increases every year as well. Expenditure and share of expenditure of Chinese tourists visiting Slovenia and Montenegro in Chinese exports increase every year. Share of expenditure of Chinese tourists and export in Chinese GDP increase every year.

Suggested Citation

  • Andrej Raspor & Ana Stranjancevic & Iva Bulatovic & Darko Lacmanovic, 2017. "Tourism Invisible Part of Exports: The Analysis of Slovenia and Montenegro on the Chinese Outbound Tourism," Chapters, in: Anita Macek (ed.), International Trade - On the Brink of Change, IntechOpen.
    • Handle: RePEc:ito:pchaps:111867
    DOI: 10.5772/66628
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    More about this item

    Keywords

    Chinese tourists; Chinese outbound tourism; exports; consumption; Montenegro; Slovenia;
    All these keywords.

    JEL classification:

    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

    Statistics

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