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Research Note: The Tourism–Growth Nexus in Croatia | Synapse

November 28, 2010

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Research Note: The Tourism–Growth Nexus in Croatia

JPJames E. PayneOklahoma State University AMAndrea MervarInstitute of Economics Zagreb

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Resumen

This empirical study examines the tourism-led growth hypothesis for Croatia using quarterly data from 2000:1 to 2008:3. The Toda– Yamamoto long-run causality tests reveal positive unidirectional causality from real GDP to international tourism revenues, as well as positive unidirectional causality from real GDP to the real effective exchange rate. Thus, the results lend support for the economic-driven tourism growth hypothesis.

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Cite This Study

Payne et al. (Sun,) studied this question.

synapsesocial.com/papers/69df22d2b8d7e945666149c2 https://doi.org/https://doi.org/10.5367/te.2010.0014