engleski

Var Model For Tourism Growth In Croatian Economy

Tourism in Croatia has great importance and impacts on production and employment. This paper empirically examines the impact of tourism on the long-run economic growth of Croatia, productivity, employment, and decreasing of unemployment rate by using causality analysis. A multivariate auto regressive (VAR) model is applied for the period 1952-2004. This paper focuses on these economic variables to construct an vector autoregressive and restricted VARs, causality analysis, impulse response analysis.

tourism; VAR; productivity; Granger-causality

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