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

Andrea Mervar
James E. Payne

Puni tekst: engleski, pdf (217 KB) str. 5-21 preuzimanja: 1.186* citiraj
APA 6th Edition
Mervar, A. i Payne, J.E. (2007). An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates. Radni materijali EIZ-a, (1), 5-21. Preuzeto s https://hrcak.srce.hr/71591
MLA 8th Edition
Mervar, Andrea i James E. Payne. "An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates." Radni materijali EIZ-a, vol. , br. 1, 2007, str. 5-21. https://hrcak.srce.hr/71591. Citirano 16.07.2020.
Chicago 17th Edition
Mervar, Andrea i James E. Payne. "An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates." Radni materijali EIZ-a , br. 1 (2007): 5-21. https://hrcak.srce.hr/71591
Harvard
Mervar, A., i Payne, J.E. (2007). 'An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates', Radni materijali EIZ-a, (1), str. 5-21. Preuzeto s: https://hrcak.srce.hr/71591 (Datum pristupa: 16.07.2020.)
Vancouver
Mervar A, Payne JE. An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates. Radni materijali EIZ-a [Internet]. 2007 [pristupljeno 16.07.2020.];(1):5-21. Dostupno na: https://hrcak.srce.hr/71591
IEEE
A. Mervar i J.E. Payne, "An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates", Radni materijali EIZ-a, vol., br. 1, str. 5-21, 2007. [Online]. Dostupno na: https://hrcak.srce.hr/71591. [Citirano: 16.07.2020.]

Sažetak
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.

Ključne riječi
tourism demand; cointegration; ARDL; Croatia

Hrčak ID: 71591

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

[hrvatski]

Posjeta: 2.076 *