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Preliminary communication

An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates

Andrea Mervar
James E. Payne

Fulltext: english, pdf (217 KB) pages 5-21 downloads: 1.186* cite
APA 6th Edition
Mervar, A. & Payne, J.E. (2007). An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates. Radni materijali EIZ-a, (1), 5-21. Retrieved from https://hrcak.srce.hr/71591
MLA 8th Edition
Mervar, Andrea and James E. Payne. "An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates." Radni materijali EIZ-a, vol. , no. 1, 2007, pp. 5-21. https://hrcak.srce.hr/71591. Accessed 11 Jul. 2020.
Chicago 17th Edition
Mervar, Andrea and James E. Payne. "An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates." Radni materijali EIZ-a , no. 1 (2007): 5-21. https://hrcak.srce.hr/71591
Harvard
Mervar, A., and Payne, J.E. (2007). 'An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates', Radni materijali EIZ-a, (1), pp. 5-21. Available at: https://hrcak.srce.hr/71591 (Accessed 11 July 2020)
Vancouver
Mervar A, Payne JE. An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates. Radni materijali EIZ-a [Internet]. 2007 [cited 2020 July 11];(1):5-21. Available from: https://hrcak.srce.hr/71591
IEEE
A. Mervar and J.E. Payne, "An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates", Radni materijali EIZ-a, vol., no. 1, pp. 5-21, 2007. [Online]. Available: https://hrcak.srce.hr/71591. [Accessed: 11 July 2020]

Abstracts
Given that tourism is a significant source of export revenues for Croatia, it is vital for policymakers to understand the factors affecting foreign tourism demand for Croatian destinations. This study provides long-run elasticity estimates associated with the aggregate foreign tourism demand for Croatian destinations in the period 1994:1-2004:4 using the autoregressive distributed lag (ARDL) approach. Foreign tourism demand is proxied by the aggregate number of foreign overnight stays in Croatia. The long-run elasticity estimates indicate that tourism demand is positive and highly elastic with respect to the income of tourist-generating countries. Moreover, tourism demand is adversely affected by the political conflicts in the 1990s. The real exchange rate and transportation costs are not statistically significant determinants of foreign tourism demand.

Keywords
tourism demand; cointegration; ARDL; Croatia

Hrčak ID: 71591

URI
https://hrcak.srce.hr/71591

[croatian]

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