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How Important is Gambling in National GDP: Case Study from Austria, Croatia, Italy and Slovenia

Author

Listed:
  • Raspor Andrej

    (School of Advanced Social Studies, Slovenia DOBA Faculty of Applied Business and Social Studies, Slovenia)

  • Bulatović Iva
  • Stranjančević Ana
  • Lacmanović Darko

    (University MediterraneanFaculty for tourism Montenegro Tourism School, Montenegro)

Abstract

Purpose – The situation in the field of gambling is changing due to the rise of Internet and Mobile gambling. In general gambling consumption is increasing every year, but the distribution of consumption has radically changed from Land Based gambling to Remote gambling. The purpose of this article is to present an overview of the world gambling industry and a specific overview in Austria, Croatia, Italy and Slovenia in order to find some main similarities and differences in observed period.

Suggested Citation

  • Raspor Andrej & Bulatović Iva & Stranjančević Ana & Lacmanović Darko, 2019. "How Important is Gambling in National GDP: Case Study from Austria, Croatia, Italy and Slovenia," Economics, Sciendo, vol. 7(1), pages 31-49, June.
    • Handle: RePEc:vrs:econom:v:7:y:2019:i:1:p:31-49:n:4
    DOI: 10.2478/eoik-2019-0004
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    References listed on IDEAS

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    1. Hamparsum Bozdogan, 1987. "Model selection and Akaike's Information Criterion (AIC): The general theory and its analytical extensions," Psychometrika, Springer;The Psychometric Society, vol. 52(3), pages 345-370, September.
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    More about this item

    Keywords

    gambling revenue; GDP; forecasting; time-series; Box and Jenkins approach; ARIMA modelling;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • L8 - Industrial Organization - - Industry Studies: Services

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