Modelling tourist consumption to achieve economic growth and external balance: case of Croatia
Purpose – The purpose of this study is to develop a model able to explain international tourist expenditures (inflows) in Croatia, and domestic tourist expenditures (outflows) abroad. Design – The present study is based on the research of international tourism demand, aimed at describing the behavi...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Faculty of tourism and hospitality management
2017-05-01
|
Series: | Tourism and Hospitality Management |
Subjects: | |
Online Access: | https://thm.fthm.hr/images/issues/vol23no1/6_Jelusic |
id |
doaj-9b892c7ad5ac48baa8bff98d5603c7b9 |
---|---|
record_format |
Article |
spelling |
doaj-9b892c7ad5ac48baa8bff98d5603c7b92021-04-20T12:18:51ZengFaculty of tourism and hospitality managementTourism and Hospitality Management1330-75331847-33772017-05-012318710410.20867/thm.23.1.5Modelling tourist consumption to achieve economic growth and external balance: case of CroatiaAdriana Jelušić0Faculty of tourism and hospitality management, University of Rijeka, Opatija, Croatia Purpose – The purpose of this study is to develop a model able to explain international tourist expenditures (inflows) in Croatia, and domestic tourist expenditures (outflows) abroad. Design – The present study is based on the research of international tourism demand, aimed at describing the behavior of international expenditures concepts applied to the case of Croatia. Methodology –The proposed model is a multiple linear regression model. Findings – The modelling procedure with all tests showed that the multiple linear regression model is adequate for modelling international tourist spending or expenditures. The model of foreign tourism inflows as well as the model of domestic tourism outflows are designed with main macroeconomic variables. Originality of the research – The study provides a model of tourism balance useful to analyze and forecast foreign exchange tourism inflows and outflows on the case of Croatia. The model is applicable and useful to govern tourism policy, international trade policy and economic policy as a whole.https://thm.fthm.hr/images/issues/vol23no1/6_Jelusicinternational tourism demandtourist expenditureseconometric modelingmultiple linear regression (mlr) modelexternal balanceeconomic growth |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Adriana Jelušić |
spellingShingle |
Adriana Jelušić Modelling tourist consumption to achieve economic growth and external balance: case of Croatia Tourism and Hospitality Management international tourism demand tourist expenditures econometric modeling multiple linear regression (mlr) model external balance economic growth |
author_facet |
Adriana Jelušić |
author_sort |
Adriana Jelušić |
title |
Modelling tourist consumption to achieve economic growth and external balance: case of Croatia |
title_short |
Modelling tourist consumption to achieve economic growth and external balance: case of Croatia |
title_full |
Modelling tourist consumption to achieve economic growth and external balance: case of Croatia |
title_fullStr |
Modelling tourist consumption to achieve economic growth and external balance: case of Croatia |
title_full_unstemmed |
Modelling tourist consumption to achieve economic growth and external balance: case of Croatia |
title_sort |
modelling tourist consumption to achieve economic growth and external balance: case of croatia |
publisher |
Faculty of tourism and hospitality management |
series |
Tourism and Hospitality Management |
issn |
1330-7533 1847-3377 |
publishDate |
2017-05-01 |
description |
Purpose – The purpose of this study is to develop a model able to explain international tourist expenditures (inflows) in Croatia, and domestic tourist expenditures (outflows) abroad.
Design – The present study is based on the research of international tourism demand, aimed at describing the behavior of international expenditures concepts applied to the case of Croatia.
Methodology –The proposed model is a multiple linear regression model.
Findings – The modelling procedure with all tests showed that the multiple linear regression model is adequate for modelling international tourist spending or expenditures. The model of foreign tourism inflows as well as the model of domestic tourism outflows are designed with main macroeconomic variables.
Originality of the research – The study provides a model of tourism balance useful to analyze and forecast foreign exchange tourism inflows and outflows on the case of Croatia. The model is applicable and useful to govern tourism policy, international trade policy and economic policy as a whole. |
topic |
international tourism demand tourist expenditures econometric modeling multiple linear regression (mlr) model external balance economic growth |
url |
https://thm.fthm.hr/images/issues/vol23no1/6_Jelusic |
work_keys_str_mv |
AT adrianajelusic modellingtouristconsumptiontoachieveeconomicgrowthandexternalbalancecaseofcroatia |
_version_ |
1721517861505073152 |