Open AccessDeterminants of Tourism Demand in Croatia
Author(s) -
Maja Pervan,
Ena Jurić
Publication year - 2021
Publication title -
international journal of economics and statistics
Language(s) - English
Resource type - Journals
ISSN - 2309-0685
DOI - 10.46300/9103.2021.9.16
Subject(s) - tourism , prosperity , sample (material) , panel data , business , terrorism , economics , economy , language change , economic geography , economic growth , geography , econometrics , art , chemistry , literature , archaeology , chromatography
Due to its significant contribution to the prosperity and growth of economies, tourism industry has always been the one that attracted the attention of many practitioners and researchers who have tried in different ways and from different aspects to identify the key variables that determine tourism demand. The importance of tourism is especially evident in Croatia for which the contribution of travel and tourism industry to GDP and total economy employment amounts 25% and 25.1% respectively. Having in mind the importance and the role that tourism has, the main objective of this research is to examine the influence of different factors on tourism demand for Croatia. The analysis is conducted on the sample of 16 countries of origin and 9 competitor countries during the period 2012-2019 with the application of dynamic panel data model. All variables encompassed in the model i.e., price, income, corruption, terrorism and investments, show statistically significant influence on tourist arrivals in Croatia.