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https://doi.org/10.1080/1331677X.2017.1340173

Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism

Heri Bezić ; Faculty of Economics, University of Rijeka, Rijeka, Croatia
Maja Nikšić Radić ; Faculty of Tourism and Hospitality Management, University of Rijeka, Rijeka, Croatia

Puni tekst: engleski, pdf (1 MB) str. 1443-1460 preuzimanja: 346* citiraj
APA 6th Edition
Bezić, H. i Nikšić Radić, M. (2017). Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism. Economic research - Ekonomska istraživanja, 30 (1), 1443-1460. https://doi.org/10.1080/1331677X.2017.1340173
MLA 8th Edition
Bezić, Heri i Maja Nikšić Radić. "Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism." Economic research - Ekonomska istraživanja, vol. 30, br. 1, 2017, str. 1443-1460. https://doi.org/10.1080/1331677X.2017.1340173. Citirano 19.09.2021.
Chicago 17th Edition
Bezić, Heri i Maja Nikšić Radić. "Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism." Economic research - Ekonomska istraživanja 30, br. 1 (2017): 1443-1460. https://doi.org/10.1080/1331677X.2017.1340173
Harvard
Bezić, H., i Nikšić Radić, M. (2017). 'Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism', Economic research - Ekonomska istraživanja, 30(1), str. 1443-1460. https://doi.org/10.1080/1331677X.2017.1340173
Vancouver
Bezić H, Nikšić Radić M. Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism. Economic research - Ekonomska istraživanja [Internet]. 2017 [pristupljeno 19.09.2021.];30(1):1443-1460. https://doi.org/10.1080/1331677X.2017.1340173
IEEE
H. Bezić i M. Nikšić Radić, "Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism", Economic research - Ekonomska istraživanja, vol.30, br. 1, str. 1443-1460, 2017. [Online]. https://doi.org/10.1080/1331677X.2017.1340173

Sažetak
The purpose of this study was to investigate the causal relationship
between foreign direct investment in tourism and tourism gross
value added in Croatia. The study employed econometric techniques,
such as the unit root test, Johansen co-integration, and the Granger
causality test, in a vector error correction model (V.E.C. model), and the
Toda–Yamamoto causality test in a vector autoregressive model (V.A.R.
model), using quarterly time-series data from 2000(1) to 2012(4). The
results confirm the existence of a stable co-integrated relationship
between variables in the long term. A short-term relationship was
also proved between foreign direct investment in tourism and gross
value added, using the Toda–Yamamoto causality test. By including
control variables, the two-way causality between the subject variables
was proven using the Granger causality test.

Ključne riječi
Foreign direct investment in tourism; gross value added; V.E.C. model; .A.R. model; Granger causality test; Toda– Yamamoto causality test

Hrčak ID: 193193

URI
https://hrcak.srce.hr/193193

Posjeta: 445 *