{"title":"Accommodation Capacity, Trade Openness and International Tourism Demand in Croatia","authors":"N. Erjavec, Kristina Devčić","doi":"10.37741/t.70.1.3","DOIUrl":null,"url":null,"abstract":"This paper investigates the determinants of international tourism demand in Croatia, a country whose economy is heavily dependent on tourism. A particular focus is placed on the role of accommodation capacity and trade openness, two demand drivers that have\nbeen rarely examined in combination. Using the difference GMM estimator, a\ndynamic panel model of international tourism demand in Croatia is estimated,\nemploying annual data for 16 tourism generating countries from 2007 to 2019.\nThe results show that the lagged dependent variable, income, accommodation\ncapacity, and exchange rate have a positive effect on international tourism\ndemand, while the impact of relative prices and trade openness prove to be\nirrelevant in the Croatian context.","PeriodicalId":46641,"journal":{"name":"Tourism","volume":" ","pages":""},"PeriodicalIF":2.0000,"publicationDate":"2021-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Tourism","FirstCategoryId":"1092","ListUrlMain":"https://doi.org/10.37741/t.70.1.3","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"HOSPITALITY, LEISURE, SPORT & TOURISM","Score":null,"Total":0}
引用次数: 0
Abstract
This paper investigates the determinants of international tourism demand in Croatia, a country whose economy is heavily dependent on tourism. A particular focus is placed on the role of accommodation capacity and trade openness, two demand drivers that have
been rarely examined in combination. Using the difference GMM estimator, a
dynamic panel model of international tourism demand in Croatia is estimated,
employing annual data for 16 tourism generating countries from 2007 to 2019.
The results show that the lagged dependent variable, income, accommodation
capacity, and exchange rate have a positive effect on international tourism
demand, while the impact of relative prices and trade openness prove to be
irrelevant in the Croatian context.
期刊介绍:
Journal TOURISM is an international academic and professional quarterly which welcomes articles on various aspects of travel and tourism. Th e journal emphasises the broadness and interrelatedness of the tourism sector. Manuscripts submitted to the Journal can be processed quickly if they are prepared according to the following guidelines. Manuscripts will be returned to the author with a set of instructions if they are not submitted according to our style guide. No contribution will be accepted which has been published elsewhere, unless it is specifi cally invited or agreed by the Editor.