Research Note: The Tourism–Growth Nexus in Croatia

James Payne and Andrea Mervar

Tourism Economics, 2010, vol. 16, issue 4, 1089-1094

Abstract: 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.

Keywords: tourism-led growth; real GDP; real exchange rate; Granger causality; Croatia (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (40)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:16:y:2010:i:4:p:1089-1094

DOI: 10.5367/te.2010.0014

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