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Export of Travel Services in Western Balkans: A Gravity Model Approach

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  • Predrag Bjelić
  • Danijela Jaćimović
  • Radovan Kastratović
  • Maja Baćović

Abstract

This paper investigates the importance of travel service exports in Western Balkans countries. It identifies the key drivers and barriers in exporting travel services for five Western Balkan economies, in their intraregional trade and in trade in travel services with the EU. We use a gravity model, estimated over 2013–2019, applying the Poisson pseudo-maximum likelihood estimator. The results of the trade gravity model reveal that GDP, geographical distance, and cultural characteristics such as language and historical similarities and cultural heritage influence travel services.

Suggested Citation

  • Predrag Bjelić & Danijela Jaćimović & Radovan Kastratović & Maja Baćović, 2025. "Export of Travel Services in Western Balkans: A Gravity Model Approach," Eastern European Economics, Taylor & Francis Journals, vol. 63(3), pages 512-536, May.
    • Handle: RePEc:mes:eaeuec:v:63:y:2025:i:3:p:512-536
    DOI: 10.1080/00128775.2023.2284929
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