In Croatia, tourism is one of the most important economic activities, accounting for 2.1% of total tourist flows in the … European Union and 18% of the total Croatian gross domestic product. Economic development and tourism flows are influenced by … and maximize the positive effects. The objective of the current study is to empirically research the role of tourism in …

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical … evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to … fundamental determinants of economic growth (Acemoglu et al., 2001) and ask whether previous positive results of tourism on growth …