Naslov
Firm-level intra-industry links in Croatia’s tourism industry

Autori
Host, Alen ; Zaninović, Vinko ; Mirković, Petra Adelajda

Izvornik
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu (1331-8004) 36 (2018), 1; 241-260

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
industrial organization, tourism industry, Gibrat’s law

Sažetak
In this paper we investigate firm level activity in Croatian tourism industry. Our analysis is based on the sample of more than 10, 000 firms obtained from Bureau van Dijk database for the 2006-2015 period. Theoretical basis of our paper is the Gibrat’s law, which states that firm size and growth rate are independent of each other. Within tourism industry, we differentiate between supporting divisions and the main industry division (accommodation industry) and test the Law on firms in supporting divisions using modified hybrid estimator. In that way we add to the existing field of knowledge in two ways: through analysis and quantification of intra- industry links within the Law’s framework and by employing hybrid estimator originally developed by Mundlak, which is a novelty in this field of research. Although, our findings don’t confirm the Law, we are able to discern supporting tourism industry divisions whose growth is highly determined by growth of the accommodation industry.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA