Economic Growth and Tourism Demand in Croatia: the Cyclical Component Analysis

Tonći Svilokos Meri Šuman Tolić Ivana Pavlić
Additional contact information
Tonći Svilokos Meri Šuman Tolić Ivana Pavlić: University of Dubrovnik, Department of Economics and Business, Dubrovnik, Croatia University of Dubrovnik, Department of Economics and Business, Dubrovnik, Croatia University of Dubrovnik, Department of Economics and Business, Dubrovnik, Croatia
Authors registered in the RePEc Author Service: Ivana Pavlić, Tonci Svilokos and Meri Šuman Tolić ()

Zagreb International Review of Economics and Business, 2014, vol. 17, issue Special Conference Issue, 65-80

Abstract: Development of tourism has often been considered as a positive contributor to economic growth. The impact of tourism to a country economy is multifaceted. As such, tourism may represent an excellent tool for development. This paper presents preliminary findings using descriptive statistics and spectral analysis. Therefore, the main purpose of this research is to examine the relationship between the cyclical components of Croatian economy for periods 1972-2013. Using spectral analysis the authors compare the cyclical fluctuations of gross domestic product (GDP) and total tourist arrivals. VAR analysis is also applied in order to detect the relationship between analysed cyclical components in Croatia. JEL Classification: E42, L83, E27, O40, C22

Keywords: tourist arrivals; economic growth; cycle components; VAR; Croatia (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.efzg.unizg.hr/default.aspx?id=21906 (text/html)
Abstract only available on-line

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:zag:zirebs:v:17:y:2014:i:sci:p:65-80

Ordering information: This journal article can be ordered from
Zagreb International Review of Economics and Business, Faculty of Economics and Business, Trg J. F. Kennedy 6, 10000 Zagreb, Croatia.
http://www.efzg.hr/default.aspx?id=6045

Access Statistics for this article

Zagreb International Review of Economics and Business is currently edited by Soumitra Sharma

More articles in Zagreb International Review of Economics and Business from Faculty of Economics and Business, University of Zagreb Contact information at EDIRC.
Bibliographic data for series maintained by Jurica Šimurina ( this e-mail address is bad, please contact ).