Naslov
Empirical analysis of tourism impact on Croatian GDP

Autori
Đukec, Damira ; Keček, Damira ; Klopotan, Igor

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development / Burilović, Luka ; Radoš, Tomislav ; Recker, Nicholas - Zagreb, 2020, 389-396

Skup
63rd International Scientific Conference on Economic and Social Development: Building Resilient Society

Mjesto i datum
Zagreb, Hrvatska, 11.12.2020. - 12.12.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Tourism ; Croatia ; GDP ; regression analysis ; economic growth

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA