Comparative Analysis of Tourism-Led Growth in Slovenia and Montenegro
This article introduces ‘Granger Causality in Tourism Analysis for Slovenia and Montenegro.’ Included within are comparisons of the tourism led-growth in these countries between December 2007–June 2015. The focus of the analysis is directed towards gross domestic product and tourist arrivals as...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Primorska
2016-03-01
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| Series: | Managing Global Transitions |
| Subjects: | |
| Online Access: | http://www.fm-kp.si/zalozba/ISSN/1581-6311/14_75-92.pdf |
| Summary: | This article introduces ‘Granger Causality in Tourism Analysis for Slovenia
and Montenegro.’ Included within are comparisons of the tourism led-growth
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. |
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| ISSN: | 1581-6311 1854-6935 |