Modelling tourist consumption to achieve economic growth and external balance: case of Croatia

Adriana Jelušić ()
Additional contact information
Adriana Jelušić: Faculty of tourism and hospitality management, University of Rijeka, Opatija, Croatia

Tourism and Hospitality Management, 2017, vol. 23, issue 1, 87-104

Abstract: Purpose – The purpose of this study is to develop a model able to explain international tourist expenditures (inflows) in Croatia, and domestic tourist expenditures (outflows) abroad. Design – The present study is based on the research of international tourism demand, aimed at describing the behavior of international expenditures concepts applied to the case of Croatia. Methodology –The proposed model is a multiple linear regression model. Findings – The modelling procedure with all tests showed that the multiple linear regression model is adequate for modelling international tourist spending or expenditures. The model of foreign tourism inflows as well as the model of domestic tourism outflows are designed with main macroeconomic variables. Originality of the research – The study provides a model of tourism balance useful to analyze and forecast foreign exchange tourism inflows and outflows on the case of Croatia. The model is applicable and useful to govern tourism policy, international trade policy and economic policy as a whole.

Keywords: international tourism demand; tourist expenditures; econometric modeling; multiple linear regression (MLR) model; external balance; economic growth (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hrcak.srce.hr/file/266533 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tho:journl:v:23:y:2017:n:1:p:87-104

DOI: 10.20867/thm.23.1.5

Access Statistics for this article

More articles in Tourism and Hospitality Management from University of Rijeka, Faculty of Tourism and Hospitality Management
Bibliographic data for series maintained by Ana Montan ( this e-mail address is bad, please contact ).