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Influence Of Fdi On Tourism In Croatia

  • Ivanovic, Zoran

    (Faculty of Tourism and Hospitality Management Opatija, University of Rijeka, Croatia)

  • Baresa, Suzana

    (Faculty of Tourism and Hospitality Management Opatija, University of Rijeka, Croatia)

  • Bogdan, Sinisa

    (Faculty of Tourism and Hospitality Management Opatija, University of Rijeka, Croatia)

Tourism is one of the most rapidly growing industries in the world. Many developing countries consider it as possibility for raising export earnings. Most important role in the internationalization of production has foreign direct investment. This paper investigates the contribution of FDI (Foreign direct investment) on economic growth, how does it reflect on tourism in Croatia. FDI are important for development of technology, unfortunately most foreign investment went to infrastructure, in terms of high unemployment and stagnating exports priority should be investment in the industrial structure since they have the greatest multiplier effect overall economic growth. Croatian export structure is obsolete. The share of technologically advanced products is small.

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Article provided by University of Tourism and Management, Skopje, Macedonia in its journal UTMS Journal of Economics.

Volume (Year): 2 (2011)
Issue (Month): 1 ()
Pages: 21-28

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Handle: RePEc:ris:utmsje:0023
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  1. Gao, Ting, 2005. "Foreign direct investment and growth under economic integration," Journal of International Economics, Elsevier, vol. 67(1), pages 157-174, September.
  2. Azman-Saini, W.N.W. & Baharumshah, Ahmad Zubaidi & Law, Siong Hook, 2010. "Foreign direct investment, economic freedom and economic growth: International evidence," Economic Modelling, Elsevier, vol. 27(5), pages 1079-1089, September.
  3. Leonard K. Cheng & Zihui Ma, 2010. "China's Outward Foreign Direct Investment," NBER Chapters, in: China's Growing Role in World Trade, pages 545-578 National Bureau of Economic Research, Inc.
  4. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
  5. Titus O. Awokuse & Keith E. Maskus & Yiting An, 2012. "Knowledge Capital, International Trade, And Foreign Direct Investment: A Sectoral Analysis," Economic Inquiry, Western Economic Association International, vol. 50(3), pages 707-723, 07.
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