Tourism foreign direct investment led tourism gross value added
A co-integration and causality analysis of Croatian tourism
Bibliographic Data
| ID | 15068405 |
|---|---|
| Authors | Heri Bezić (University of Rijeka), Maja Nikšıć Radıć (0000-0002-8871-6833, University of Rijeka, corresponding author), Maja Nikšić Radić (University of Rijeka) |
| Year | 2017 |
| Volume | 30 |
| Issue | 1 |
| Pages | 1443-1460 |
| Publication date | 2017-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2017.1340173 |
| OpenAlex | W2730674416 |
| Language | EN |
| Citations received | 4 |
| References cited | 23 |
The purpose of this study was to investigate the causal relationship between foreign direct investment in tourism and tourism gross value added in Croatia. The study employed econometric techniques, such as the unit root test, Johansen co-integration, and the Granger causality test, in a vector error correction model (V.E.C. model), and the Toda–Yamamoto causality test in a vector autoregressive model (V.A.R. model), using quarterly time-series data from 2000(1) to 2012(4). The results confirm the existence of a stable co-integrated relationship between variables in the long term. A short-term relationship was also proved between foreign direct investment in tourism and gross value added, using the Toda–Yamamoto causality test. By including control variables, the two-way causality between the subject variables was proven using the Granger causality test
Augmented Dickey–Fuller test · Autoregressive model · Cointegration · Econometrics · Economics · Economy · Error correction model · Foreign direct investment · Geography · Granger causality · Macroeconomics · Physics · Tourism · Unit root · Unit root test · Cruise Tourism Development and Management · Diverse Aspects of Tourism Research · International Business and FDI
Statistical inference in vector autoregressions with possibly integrated processes
Tourism Economics
Transnational Corporations
The impact of mega-sport events on tourist arrivals
The impacts of international tourism demand on economic growth of small economies dependent on tourism
Multinational corporations in the international hotel industry
How does foreign direct investment affect economic growth
| Citations per year | 0.67 |
|---|---|
| Citation span | 2020 - 2022 (3) |
| Highly cited | No |