Causality Between Tourism Exports And Trade Openness: Empirical Analysis For Romanian Tourism
AbstractThis study investigates the causal relationships between tourism exports and trade openness, using the case of Romania. The study applies the unit root test, cointegration procedure and Granger causality test in vector error correction model (VECM), in the attempt to study the direction of the causalities. The results indicate one-way Granger causality, running from trade openness to tourism exports in the case of Romania.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).
Volume (Year): 1 (2011)
Issue (Month): 17 (November)
tourism; cointegration; VECM; trade openness; exports;
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
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- Brida, Juan Gabriel & Barquet, Andrea & Risso, Wiston Adrián, 2009. "Causality between Economic Growth and Tourism Expansion: Empirical Evidence from Trentino - Alto Adige," MPRA Paper 25316, University Library of Munich, Germany, revised 14 Dec 2009.
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