engleski

Empirical analysis of tourism impact on Croatian GDP

For Croatian economy, tourism sector is recognized as an important income and employment generator. In this paper the impact of the tourism sector on the Croatian GDP was studied by using regression analysis. A multiple linear regression model for the period 1995 to 2017 was developed. Variable GDP was considered as dependent variable, while gross capital formation and gross value added for accommodation and food services were included in the model as independent variables as well as dummy variable which represents the recession years caused by financial crisis. Results of the conducted analysis indicate that designed multiple linear regression model is appropriate for analysing and forecasting Croatian GDP. All predictors are statistically significant and 99.2 % variations of GDP are explained by the changes in predictors. The proposed multiple linear regression model could be of great benefit for economic policy makers in developing both short term measures and long term strategies aimed to promote economic growth.

Tourism ; Croatia ; GDP ; regression analysis ; economic growth

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