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Causality Between Tourism Exports And Trade Openness: Empirical Analysis For Romanian Tourism

Author

Listed:
  • Camelia Surugiu

    (The National Institute for Research and Development in Tourism, Bucharest, Romania)

  • Marius-Razvan Surugiu

    (The Institute of National Economy Romanian Academy, Bucharest, Romania)

Abstract

This 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.

Suggested Citation

  • Camelia Surugiu & Marius-Razvan Surugiu, 2011. "Causality Between Tourism Exports And Trade Openness: Empirical Analysis For Romanian Tourism," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(17), pages 100-109, November.
  • Handle: RePEc:aio:rteyej:v:1:y:2011:i:17:p:100-109
    as

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    File URL: http://feaa.ucv.ro/RTE/017-14.pdf
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    References listed on IDEAS

    as
    1. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 39(3), pages 106-135.
    2. 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.
    3. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    4. Edgar J Sanchez Carrera & W. Adrian Risso & Juan Gabriel Brida, 2008. "Tourism's Impact on Long-Run Mexican Economic Growth," Economics Bulletin, AccessEcon, vol. 3(21), pages 1-8.
    5. repec:ebl:ecbull:v:3:y:2008:i:21:p:1-8 is not listed on IDEAS
    6. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    7. Jordan Shan & Ken Wilson, 2001. "Causality between trade and tourism: empirical evidence from China," Applied Economics Letters, Taylor & Francis Journals, vol. 8(4), pages 279-283.
    8. Yair Eilat & Liran Einav, 2004. "Determinants of international tourism: a three-dimensional panel data analysis," Applied Economics, Taylor & Francis Journals, vol. 36(12), pages 1315-1327.
    9. repec:eee:touman:v:32:y:2011:i:2:p:377-385 is not listed on IDEAS
    10. Satheesh Aradhyula & Russell Tronstad, 2003. "Does Tourism Promote Cross-Border Trade?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 569-579.
    11. Nuno Carlos LEITÃO, 2010. "Does Trade Help to Explain Tourism Demand? The Case of Portugal," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 3(3(544)), pages 63-74, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    tourism; cointegration; VECM; trade openness; exports;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; 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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