An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates
Given that tourism is a significant source of export revenues for Croatia, it is vital for policymakers to understand the factors affecting foreign tourism demand for Croatian destinations. This study provides long-run elasticity estimates associated with the aggregate foreign tourism demand for Croatian destinations in the period 1994:1-2004:4 using the autoregressive distributed lag (ARDL) approach. Foreign tourism demand is proxied by the aggregate number of foreign overnight stays in Croatia. The long-run elasticity estimates indicate that tourism demand is positive and highly elastic with respect to the income of tourist-generating countries. Moreover, tourism demand is adversely affected by the political conflicts in the 1990s. The real exchange rate and transportation costs are not statistically significant determinants of foreign tourism demand.
|Date of creation:||Feb 2007|
|Publication status:||Published - Mervar, Andrea i James E. Payne, 2007, «Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run Elasticity Estimates», Tourism Economics, 13(3), September, pp. 407-420.|
|Contact details of provider:|| Postal: Trg J.F.Kennedy 7, HR - 10000 Zagreb|
Phone: (**385 1) 23 35 700
Fax: (**385 1) 23 35 165
Web page: http://www.eizg.hr
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:iez:wpaper:0701. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Doris Banicevic)
If references are entirely missing, you can add them using this form.