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 Balkana. Institut ekonomskih nauka, Beograd, pp. 68-85. ISBN 978-86-89465-65-5

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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:	09 Jan 2022 22:25
Last Modified:	09 Jan 2022 22:25
URI:	http://35.240.28.64/id/eprint/1711
Author Links:	[error in script] No links available.

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