FAMNIT - Faculty of Mathematics, Science and Information Technologies
FHŠ - Faculty of Humanities
FM - Faculty of Management
FTŠ Turistica - Turistica – College of Tourism Portorož
FVZ - Faculty of Health Sciences
IAM - Andrej Marušič Institute
PEF - Faculty of Education
UPR - University of Primorska
ZUP - University of Primorska Press
Fakulteta za humanistične študije, Koper
Fakulteta za management Koper in Pedagoška fakulteta Koper
Fakulteta za vede o zdravju, Izola
Knjižnica za tehniko, medicino in naravoslovje, Koper
Znanstveno-raziskovalno središče Koper
The missing link between wages and labour productivity in tourism : evidence from Croatia and Slovenia
1.01 - Original Scientific Article
FM - Faculty of Management
The present article aims to analyse wage-labour productivity cau-salities in Croatia and Slovenia using cointegration methods basedon monthly time series data of variables for labour productivityand real gross wages in tourism industry during the periodDecember 1999%January 2020. The data vector is integrated bychain indices with the constant base January 2000%100. A sto-chastic trend and shocks are covered in the analysis. Shocks arelinked to the European Union accession, and economic crisis fol-lowing with overwhelmed tourist arrivals. The contribution of theresearch is two-fold. First, the equations for at most normal dis-tributed variables of labour productivity and real wages in tourismare exposed. Three spatial cointegration relations confirm labourproductivity integrity of the regional tourism market. Second,pair-wise causalities indicate one cointegrated vector for labourproductivity, which drives real gross wages in tourism sub-indus-tries. These results suggest that for a higher non-seasonal assess-ment of real gross wage, the labour productivity should rise, i.e.less workers, more robotization or more tourist arrivals with betterquality solutions. These findings are at most important to beimplemented after the COVID-19 infection crisis with expectedrestructurings and digital transformation in the tourism industry.
error correction model (ECM)
vector error correction model (VECM)
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Fakultet ekonomije i turizma "Dr. Mijo Mirković"
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Supplementary material for paper The missing link between wages and labour productivity in tourism
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