prikaz prve stranice dokumenta Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism
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Scientific paper - Original scientific paper
Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism
Economic research - Ekonomska istraživanja, 30 (2017), 1; 1443-1460. https://doi.org/10.1080/1331677X.2017.1340173
Bezić, Heri; Nikšić Radić, Maja

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Bezić, H. & Nikšić Radić, M. (2017). Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism. Economic research - Ekonomska istraživanja, 30. (1), 1443-1460. doi: 10.1080/1331677X.2017.1340173

Bezić, Heri and Maja Nikšić Radić. "Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism." Economic research - Ekonomska istraživanja, vol. 30, no. 1, 2017, pp. 1443-1460. https://doi.org/10.1080/1331677X.2017.1340173

Bezić, Heri and Maja Nikšić Radić. "Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism." Economic research - Ekonomska istraživanja 30, no. 1 (2017): 1443-1460. https://doi.org/10.1080/1331677X.2017.1340173

Bezić, H. and Nikšić Radić, M. (2017) 'Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism', Economic research - Ekonomska istraživanja, 30(1), pp. 1443-1460. doi: 10.1080/1331677X.2017.1340173

Bezić H, Nikšić Radić M. Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism. Economic research - Ekonomska istraživanja [Internet]. 2017 [cited 2024 July 13];30(1):1443-1460. doi: 10.1080/1331677X.2017.1340173

H. Bezić and M. Nikšić Radić, "Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism", Economic research - Ekonomska istraživanja, vol. 30, no. 1, pp. 1443-1460, 2017. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:192:256934. [Accessed: 13 July 2024]

Metadata
Title (english)Tourism foreign direct investment led tourism gross value added: a co-integration and causality analysis of Croatian tourism
AuthorHeri Bezić
AuthorMaja Nikšić Radić
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Author's institutionUniversity of Rijeka
Faculty of Tourism and Hospitality Management
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The purpose of this study was to investigate the causal relationship between foreign direct investment in tourism and tourism gross value added in Croatia. The study employed econometric techniques, such as the unit root test, Johansen co-integration, and the Granger causality test, in a vector error correction model (V.E.C. model), and the Toda–Yamamoto causality test in a vector autoregressive model (V.A.R. model), using quarterly time-series data from 2000(1) to 2012(4). The results confirm the existence of a stable co-integrated relationship between variables in the long term. A short-term relationship was also proved between foreign direct investment in tourism and gross value added, using the Toda–Yamamoto causality test. By including control variables, the two-way causality between the subject variables was proven using the Granger causality test.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleEconomic research - Ekonomska istraživanja
Numberingvol. 30, no. 1, pp. 1443-1460
p-ISSN1331-677X
e-ISSN1848-9664
DOIhttps://doi.org/10.1080/1331677X.2017.1340173
URN:NBNurn:nbn:hr:192:256934
Publication2017
Document URLhttps://hrcak.srce.hr/193193
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2020-07-29 10:23:29