Economic Growth and Tourism Demand in Croatia: the Cyclical Component Analysis
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 spect...
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| Veröffentlicht in: | Zagreb international review of economics & business 2014-01, Vol.17, p.65 |
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| creator | Svilokos, Tonci Tolic, Meri Suman Pavlic, Ivana |
| description | 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. |
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| ispartof | Zagreb international review of economics & business, 2014-01, Vol.17, p.65 |
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| language | eng |
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| source | EZB-FREE-00999 freely available EZB journals; EBSCOhost Business Source Complete |
| subjects | Business cycles Causality Economic development Economic growth Economic impact Employment Exports Foreign exchange rates GDP Gross Domestic Product Growth models Hypotheses International trade Studies Tourism Tourism development |
| title | Economic Growth and Tourism Demand in Croatia: the Cyclical Component Analysis |
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