Original scientific paper
An integrated TSA and IO model for the estimation of the overall contribution of tourism: The example of Croatia
Neven Ivandić
; Institute for tourism, Zagreb, Croatia
Ivan Šutalo
; Zagreb School of Economics and Management, Zagreb, Croatia
Abstract
In current conditions in which the activity of tourism is growing, an analysis of the contribution of tourism to the economy and an understanding of the interrelations of activities related to tourist demand are an essential precondition for a successful economic policy. The aim of this paper is to give an overview of the role of tourism in the economy of Croatia, using a specific determinist model that integrates symmetrical input-output tables and the tables of the tourism satellite account. The paper starts from an advanced analytical base that enables a more detailed insight into the inter-sector relations of tourism than given by previous research. In 2019 the tourism satellite account became an integral component of official Croatian statistics; the input-output table for 2013 is also available. The methodological framework set up resulted in an estimation of the overall contribution of tourism of a gross domestic value of 16.9% of the gross value added of Croatia in 2016, in addition to recognized strong multiplicative effect from tourism consumption on non-tourism activities in the economy. At the same time, the imports of direct and indirect intermediate products generated by domestically produced internal tourism consumption generate 6.5% of the total (goods and services) imports of Croatia. It follows that the tourism contributes more than twice as much to gross valued added of Croatia than its direct and indirect intermediate imports participate in total imports.
Keywords
tourism satellite account; input-output model; total contribution of tourism; import dependence; Croatia
Hrčak ID:
230637
URI
Publication date:
20.12.2019.
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