IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-319-70377-0_37.html
   My bibliography  Save this book chapter

The Analysis of Tourism and Economic Growth Relationship in Central and Eastern European Countries

In: Economy, Finance and Business in Southeastern and Central Europe

Author

Listed:
  • Zvonimir Kuliš
  • Blanka Šimundić

    (Faculty of Economics)

  • Smiljana Pivčević

    (Faculty of Economics)

Abstract

Contemporary international tourism generates economic flows which have become vital for economic growth, trade, and international economic relations in many countries, especially developing ones. Being based upon sources of receipts and consumption in situ, international tourism is regarded as a nonstandard type of export. For that reason, many governments are paying greater attention to supporting and stimulating tourism as a potential source of economic growth. Central and Eastern European countries (CEECs), developing countries whose economic growth is facing many challenges, have also recognized this potential role of tourism. The aim of this paper is to study the impact of international tourism growth on economic growth in these countries in the 2000–2014 period. For this purpose, an econometric model derived from a thorough literature review is formed. The estimation of tourism impacts in 19 CEECs is performed using the dynamic panel data model. The data used are collected from World Development Indicators (WDI) for the 15-year period. CEECs record an increase of international tourism in the given period, and the effects of tourism on the economic growth are expected to be positive and statistically significant. Additionally, the model includes other commonly used socioeconomic determinants of economic growth. The contribution of this paper is in analyzing the effects of international tourism growth on a relatively new (not frequently used) group of countries to provide new insights in this still inconclusive research subject. Furthermore, the study used tourism growth as the independent variable as opposed to tourists’ arrivals or tourists’ overnights and receipts, frequently used in most of the studies. Limitations of the research are found in the unbalanced data for the time period used and time and cross-sectional restrictions. Besides new scientific insights, the paper provides valuable insights for policymakers in the area of economic and tourism development as well as suggestions for further research.

Suggested Citation

  • Zvonimir Kuliš & Blanka Šimundić & Smiljana Pivčević, 2018. "The Analysis of Tourism and Economic Growth Relationship in Central and Eastern European Countries," Springer Proceedings in Business and Economics, in: Anastasios Karasavvoglou & Srećko Goić & Persefoni Polychronidou & Pavlos Delias (ed.), Economy, Finance and Business in Southeastern and Central Europe, pages 537-551, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-70377-0_37
    DOI: 10.1007/978-3-319-70377-0_37
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

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


    Cited by:

    1. Blanka Škrabić Perić & Blanka Šimundić & Vinko Muštra & Marijana Vugdelija, 2021. "The Role of UNESCO Cultural Heritage and Cultural Sector in Tourism Development: The Case of EU Countries," Sustainability, MDPI, vol. 13(10), pages 1-14, May.

    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:spr:prbchp:978-3-319-70377-0_37. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.