The food import: International tourism nexus in Croatia: An application of the ARDL and NARDL approach and causality
| Autor: | Jasmina Gržinić, Zdravko Šergo |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Consumption (economics)
causality Coronavirus disease 2019 (COVID-19) 05 social sciences food import Agriculture General Medicine International economics 010501 environmental sciences 01 natural sciences Causality Asymmetric cointegration croatia nardl 0502 economics and business Economics tourism Empirical evidence Proxy (statistics) Nexus (standard) ardl 050212 sport leisure & tourism Tourism 0105 earth and related environmental sciences |
| Zdroj: | Ekonomika Poljoprivrede (1979), Vol 68, Iss 2, Pp 275-290 (2021) |
| ISSN: | 2334-8453 0352-3462 |
| Popis: | The purpose of this study is to examine the relationship between food import dependency and the international tourist arrivals in Croatia during the period spanning 1969-2018. In this paper, we provide empirical evidence on the above hypothesis by detecting the causality between foods imports represented as various food products and international tourism arrivals, that suit as a proxy for tourism consumption. The study method was able to capture symmetries in the relationship between some food import products and tourism, known as autoregressive-distributed lags, but not for all imported food items designed for this study. Since an asymmetric analysis, in such cases, requires the use of nonlinear models, we use nonlinear models and find evidence of asymmetric cointegration. For almost two decades before the global COVID-19 crisis, we conclude, Croatia's food imports grew rapidly, and these imports appear to be mainly driven by exports of services linked to pervasive tourism expansion. |
| Databáze: | OpenAIRE |
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