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2021, vol. 25, br. 1, str. 53-62
The nexus of tourism spending with economic performance: A panel data analysis for the Eurozone area
(naslov ne postoji na srpskom)
aUniversity of Thessaly, Department of Economics, Greece
bAgricultural University of Athens, Department of Management Economy and Communications of Cultural and Tourism Units, Greece + University of Thessaly, Department of Planning and Regional Development, Greece
cUniversity of Thessaly, Department of Planning and Regional Development, Volos, Greece

e-adresaaganag@uth.gr, goikonomoug@aua.gr, dkallior@uth.gr
Ključne reči: business tourism spending; leisure tourism spending; GDP; employment; panel data analysis; Eurozone area
(ne postoji na srpskom)
The paper investigates the nexus of tourism spending (i.e. leisure and business tourism spending) with economic performance (i.e. GDP and employment) for the Eurozone countries, during the period 2000-2018, employing sophisticated panel data analysis techniques. The issue is salient, given that within the Eurozone economic space the abolition of border impediments has released dynamics and brought into surface a new mix of opportunities, threats and challenges that has been changing the balance between centripetal and centrifugal forces. The findings of the paper identify the long-run equilibrium and confirm the bi-directional relationships among the variables considered, thus contributing to the discussion on the relationship between tourism and economic performance.
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O članku

jezik rada: engleski
vrsta rada: originalan članak
DOI: 10.5937/gp25-29541
primljen: 23.11.2020.
revidiran: 24.01.2021.
prihvaćen: 25.01.2021.
objavljen u SCIndeksu: 14.04.2021.
metod recenzije: dvostruko anoniman
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