demand function for croatian tourist product a panel data approach aper title克罗地亚旅游产品的需求函数面板数据方法报纸上的标题.pdfVIP

Modern Economy, 2011, 2, 49-53 doi:10.4236/me.2011.21008 Published Online February 2011 (http://www.SciRP.org/journal/me) Demand Function for Croatian Tourist Product: A Panel Data Approach 1 2 Lorena Škuflić, Igor Štoković 1University of Zagreb, School of Economics and Business, Zagreb, Croatia 2 University in Pula Juraj Dobrila, Pula E-mail : lskuflic@efzg.hr, igor.stokovic@arenaturist.hr Received June 29, 2010; revised October 2, 2010; accepted October 15, 2010 Abstract Croatia as a small country with GDP of 14.255 US $ per capita and 44.6 milliard Euro of gross external debt has a strong need for a development process and construction of production bases which, in the future, will be capable to generate revenue for the return of foreign debt. As a small country, with relatively low produc- tion potential, the service sector seems the only way for achieving the necessary income to servicing foreign debt, and to start new development cycle. In Croatia, tourism sector participates with approximately 3% in the structure of GDP, while revenues from tourism has been growing constantly, from 10.6% (1996) to 22% (2008) in GDP. This sector employs about 3.5 of total employees and has a significant multiplicative effect on the overall economy, where the multiplier of tourist consumption is around 2.5. According to statistics, tourism activity tends to grow faster than the total Croatian production. The high import dependence and the weak export propulsive of goods, in last decade, had a negative impact on external trade sector, furthermore, the trade deficit reached 7.3 billion Euros, while revenues from tourism amounted 6.4 billion Euros