Overall Contribution of the Foreign Tourist Demand on Croatian Economy

Mikulić, Davor; Keček, Damira; Hrustek, Nikolina Žajdela

doi:10.20867/tosee.04.11

Cited by 3 publications

(4 citation statements)

References 14 publications

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“…Until 2020, tourism was the most important sector contributing to the economic growth of Croatian economy. The analysis of the share of total GVA induced by the consumption of foreign tourists in the GVA of the Croatian economy, ranging from 15.2 percent in 2015 to 18.2 percent in 2019, confirms the previously recognized high importance of the tourism sector for the Croatian economy (Šutalo, Ivandić and Marušić 2011;Ivandić and Šutalo 2018;Mikulić, Keček and Žajdela Hrustek 2017). Epidemiological measures and recommendations to prevent the transmission of COVID-19 disease have influenced a whole range of economic activities in 2020, but tourism has been most affected.…”

Section: Discussionsupporting

confidence: 70%

“…The IO model was used to estimate direct and indirect effects of tourism sector by Jurčić (1998) and Gelo (2016), and the results of both studies found significant effects of tourism in Croatia. While Ivandić and Šutalo (2018) estimates contribution of both, domestic and foreign tourists, Mikulić, Keček and Žajdela Hrustek (2017) were focused on the multiplicative effects of expenditures of foreign tourists and found increasing economic impacts from 13.1% of Croatian GVA in 2010 to 16.2% in 2014.…”

Section: Literature Reviewmentioning

confidence: 99%

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Examining the Impact of Covid-19 Pandemic on Tourism Sector Using Input-Output Analysis: The Case of Croatia

Mikulić¹,

Keček²,

Lovrinčević³

2021

Tourism in Southern and Eastern Europe

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Purpose – The purpose of the study is to determine the impact of COVID-19 pandemic on tourism and other economic sectors included in the tourism value chain in Croatia. The evaluation of total effects is important in order to evaluate effectiveness of policy measures introduced by Croatian government. Methodology – The estimation of COVID -19 effects on Croatian economy is based on standard input-output model. The open I-O model quantifies indirect effects generated in the tourism value added chain. Closed I-O model estimates induced effects related to the decrease in the net disposable income of the employees which participated in the tourism sector production chain. Findings – Strong reduction in international tourism caused by COVID -19 resulted in significant decrease in activity of many other industries. Besides hotels and restaurant, the most affected sectors were transport, trade, food industry, sports and entertainment services. Total value of indirect and induced tourism effects is bigger than value of direct effects in terms of employment and value added because of multiplier effect. Government subsidies in the form of income support for companies which retained employees have only short-term and limited effects. Negative COVID -19 effects were partially mitigated by output rise in other domestic sectors. GDP decline was more pronounced than GVA since indirect taxes, notably VAT and excise duties were particularly sensitive to negative trends in tourism activity. Contribution – The methodology applied provides the reliable analytical background for analyses of impact of negative exogenous shock affecting tourism and total Croatian economy and assessment of government policy response effectiveness

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Section: Discussionsupporting

confidence: 70%

Section: Literature Reviewmentioning

confidence: 99%

Examining the Impact of Covid-19 Pandemic on Tourism Sector Using Input-Output Analysis: The Case of Croatia

Mikulić¹,

Keček²,

Lovrinčević³

2021

Tourism in Southern and Eastern Europe

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“…Stimulating tourism also brings many economic benefits to the links of agri-food value chains (Konishi, 2019;Schubert and Schamel, 2020). In some cases, tourism even helped economies to significantly reduce the overall negative economic impact of recession (Mikulic, Decek and Hrustek, 2017). However, tourism is now affected by an enemy that proved to be very challenging to stand up tothe novel coronavirus disease.…”

Section: Resultsmentioning

confidence: 99%

Rising tensions along the agri-food value chains during the COVID-19 crisis: evidence based on Google Trends Data

Constantin

Pătărlăgeanu

Dinu

et al. 2021

Proceedings of the International Conference on Business Excellence

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The global socio-economic and sanitary crisis caused by the COVID-19 pandemic has generated many different effects on the links of the global agri-food value chains regarding the production and consumption behaviors of agri-food products. Depending on the link, these effects can be positive, negative, or even a mix of both. However, all these sudden changes, beneficial or not, they result in deepening the economic tensions existing along the agri-food value chains. In this context, the aim of this research was to explore the rising tensions along the Romanian agri-food value chains during the different stages of the COVID-19 crisis in Romania, while bringing the HoReCa industry in the spotlight of this study, and, more specifically, the food service component. This paper brings contribution to the literature concerning the implications of the COVID-19 pandemic at the level of the agri-food value chains based on a statistical analysis carried out with the data available from two open access sources: Google Trends and the Romanian National Institute of Statistics. A short bibliometric analysis was also elaborated on the papers tackling the topic of the rising tensions along the agri-food value chains during the pandemic. Research results show that the Romanian HoReCa industry has been subject to various challenges emerged from the need to limit the spread of the COVID-19 disease. This has generated a lot of concern – not only from the food security perspective, but also from the perspective of the entrepreneurs active in the agri-food value chains. Food-ordering companies with homedelivery have been of high interest during the COVID-19 pandemic, as they connect two major links in the food chain: restaurants and consumers. While consumers have become more dependent than ever on digital solutions to purchase food, a lot of pressure is put on indoor restaurants.

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“…Distribution of expenditures by product groups and sectors are based on results of TOMAS survey(Marušić et al 2020). Methodology of distribution of tourists' expenditures to demand for goods and services delivered by individual economic sectors are explained inMikulić, Keček and Žajdela Hrustek (2017).…”

mentioning

confidence: 99%

The Level of Integration of Croatian Producers in Tourism Cluster

Mikulić,

Keček,

Fotova Čiković

2023

Tourism in Southern and Eastern Europe

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Purpose – The aim of this paper is to analyze the level of integration of Croatian producers in tourism cluster. Study assessed the level of interconnection between cluster actors and investigate the connection of sectors which are directly included in the provision of goods and services to tourists and other economic units in Croatia. Methodology – In this research Structural Decomposition Analysis based on the Input-Output model is used. Structural Decomposition Analysis provides more in-depth insights into the level of integration of Croatian tourism cluster. The total economic effects assessed in two different periods are decomposed to the changes in the level and the structure of tourist’s expenditures and the effects of the changes in technological coefficients. Findings – Empirical results confirm hypothesis on the increasing importance of the tourism sector for the Croatian economy. Higher share of imported goods is found for certain inputs used by tourism sector in recent years which negatively affect the multiplication of positive economic effects to other domestic producers. Trends in the integration and factors behind those trends are identified. Contribution – Besides scientific community the results of the study could be of interest for policy makers and Croatian tourism associations because study estimate the effects of better coordination and integration among tourist companies and other domestic producers.

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Overall Contribution of the Foreign Tourist Demand on Croatian Economy

Cited by 3 publications

References 14 publications

Examining the Impact of Covid-19 Pandemic on Tourism Sector Using Input-Output Analysis: The Case of Croatia

Examining the Impact of Covid-19 Pandemic on Tourism Sector Using Input-Output Analysis: The Case of Croatia

Rising tensions along the agri-food value chains during the COVID-19 crisis: evidence based on Google Trends Data

The Level of Integration of Croatian Producers in Tourism Cluster

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