Tourism, Real Effective Exchange Rate and Economic Growth: Empirical Evidence for Croatia
作者： Ivana Pavlic , Tonci Svilokos , Meri Suman Tolic
DOI: 10.1002/JTR.1986
关键词: International economics 、 Real gross domestic product 、 Openness to experience 、 Error correction model 、 Gross national product 、 Variables 、 Gross domestic product 、 Economics 、 Econometrics 、 Effective exchange rate 、 Cointegration
摘要: The aim of this paper is to examine the long-run and short-run relationship between tourism, real effective exchange rate economic growth in Croatia. econometric framework used for analysis Johansen Maximum Likelihood cointegration technique. For testing stability equilibrium vector error correction model technique has been applied on a quarterly data set covering period 1996–2013. main findings confirm tourist arrivals (ARRIVAL), openness economy (OPEN) as independent variable gross domestic product (GDP) dependent Furthermore, results indicate causality OPEN GDP, well GDP. Copyright © 2014 John Wiley & Sons, Ltd.
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