We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Comparative Analysis of Tourism-Led Growth in Slovenia and Montenegro.
- Authors
Gričar, Sergej; Bojnec, Štefan; Karadžić, Vesna; Rakočević, Svetlana
- Abstract
This article introduces 'Granger Causality in Tourism Analysis for Slovenia andMontenegro.' Included within are comparisons of the tourism ledgrowth in these countries between December 2007-June 2015. The focus of the analysis is directed towards gross domestic product and tourist arrivals as endogenous variables, as well as unemployment rates. In addition, monthly time series of inflation rates are introduced as exogenous variables. The Granger Causalities differ between countries. The latter indicates uni-directional causal relationships of three relations between the economic growths, tourism growth and unemployment rates for Slovenia and Montenegro. Finally, causality from tourism growth to economic growth and vice-versa is found in Montenegro.
- Subjects
SLOVENIA; MONTENEGRO; TOURISM &; economic development
- Publication
Managing Global Transitions: International Research Journal, 2016, Vol 14, Issue 1, p75
- ISSN
1581-6311
- Publication type
Article