A Long-run Relation Between Tourism and International Trade: Evidences from Western Balkan

Zdravković, Aleksandar and Bradić-Martinović, Aleksandra (2021) A Long-run Relation Between Tourism and International Trade: Evidences from Western Balkan. In: Makroekonomska stabilnost i unapređenje konkurentnosti zemalja Zapadnog Balkan. Institut ekonomskih nauka Beograd, pp. 68-85. ISBN 978-86-89465-65-5

Text Zdravkovic, ABMartinovic 2021 OS.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (2MB)

Abstract

The main objective of the study is to empirically assess whether a long run
relationship exists between receipts from international tourism and
export/import in the Western Balkan region. Applied methodology is
based on the panel version of standard procedure for cointegration testing
in multivariate time-series analysis. Empirical results support the existence
of the cointegrating relations both between receipts and import and
receipts and export. Also, the existence of a bidirectional long run causal
relationship is evidenced in both cases, in line with certain theoretical
expectations and predictions. On the other hand, short run Granger
causality is indicated only from import to receipts and receipts to export.

Item Type:	Book Section
Additional Information:	COBISS.ID=53191177
Uncontrolled Keywords:	International tourism receipts, trade, cointegration, VECM, Western Balkan
Research Department:	Macroeconomics
Depositing User:	Jelena Banovic
Date Deposited:	29 Dec 2021 11:32
Last Modified:	29 Dec 2021 11:32
URI:	http://35.240.28.64/id/eprint/1675
Author Links:	[error in script] No links available.

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