Maruška Vizek

Visiting Associate Professor, Administrative Sciences

Dr. Maruška Vizek is a visiting associate professor of finance at Boston University’s Metropolitan College. She brings over twenty years of academic research experience in economics and finance, with areas of expertise that include international finance, tourism economics, housing economics, energy economics, and international macroeconomics. Her research has been published in leading academic journals such as the Journal of Empirical Finance, Regional Studies, Tourism Management, Energy Economics, and Annals of Tourism Research, earning broad recognition within the scholarly community.

Dr. Vizek has held several leadership roles at the Institute of Economics, Zagreb, Croatia, where she currently serves as a research fellow. From 2014 to 2024, she held positions as director and deputy director of the Institute. In addition to her academic career, she has extensive experience in governance and public service. She previously served on the boards of a commercial bank and Croatia’s largest utility company. She has also been appointed to advisory committees serving both the current and former presidents of the Republic of Croatia, and was a member of the Fiscal Policy Commission, a parliamentary body responsible for overseeing the implementation of fiscal policy.

Dr. Vizek holds the rank of full professor with tenure at the University of Rijeka, Croatia. Prior to that, she was a lecturer at the AACSB-accredited Zagreb School of Economics and Management.

Research Interests

Courses

Scholarly Works

Selected Publications

Jacobs, K., K. Beshay, S. Courtney, M. Vizek, S. Holguin, and K. Panlilio. “Working from home and well-being.” Work: A Journal of Prevention, Assessment and Rehabilitation 81, no. 1 (2025): 2068–2078. https://doi.org/10.1177/10519815251320277

Stojčić, N., M. Vizek, and J. Glaurdić. “Short-term rental expansion and residential displacement in tourism communities: Evidence from Croatia.” Regional Studies 58, no. 11 (2024): 2346664. https://doi.org/10.1080/00343404.2024.2346664

Stojčić, N., and M. Vizek. “Did COVID-19 grants support tourism firms in securing survival and employment? Evidence from Croatia.” Tourism Management vol. 104 (2024): 104934. https://doi.org/10.1016/j.tourman.2024.104934

Vizek, M., Barbić, T., and A. Čeh Časni. “The impact of the tourism accommodation composition on housing prices: The case of Croatia.” Tourism Economics 30, no. 1 (2024): 267–274. https://doi.org/10.1177/13548166231180417

Vizek, M., Stojčić, N., and J. Mikulić. “Spatial spillovers of tourism activity on housing prices: The case of Croatia.” Tourism Economics 29, no. 5 (2022): 1376–1390. https://doi.org/10.1177/13548166221106442

Stojčić, N., Mikulić, J., and M. Vizek. “High season, low growth: The impact of tourism seasonality and vulnerability to tourism on the emergence of high growth firms.” Tourism Management vol. 89 (2022): 104455. https://doi.org/10.1016/j.tourman.2021.104455

Mikulić, J., Vizek, M., Stojčić, N., Payne, J. E., Čeh Časni, A., and T. Barbić. “The Effect of Tourism Activity on Housing Affordability.” Annals of Tourism Research vol. 90 (2021): 103264. https://doi.org/10.1016/j.annals.2021.103264

Glaurdić, J., Lesschaeve, C., and M. Vizek. “Consolidated democracy advantage: Political instability and sovereign spreads in the EU.” Comparative European Politics vol. 18 (2020): 437–459. https://doi.org/10.1057/s41295-019-00193-2

Tkalec, M., Vizek, M., and G. Vukšić. “Fiscal devaluation and real exchange rates in the Euro area: Some econometric insights.” Review of International Economics 27, no. 2 (2019): 694–710. https://doi.org/10.1111/roie.12393

Holzner, M., Tkalec, M., Vizek, M., and G. Vukšić. “Fiscal Devaluations: Evidence Using Bilateral Trade Balance Data.” Review of World Economics 154, no. 2 (2018): 247–275. https://www.jstor.org/stable/45107143

Payne, James E., Vizek, M., and J. Lee. “Is there convergence in per capita renewable energy consumption across U.S. states? Evidence from LM and RALS-LM unit root tests with breaks.” Renewable and Sustainable Energy Reviews vol. 70 (2017): 715–728. https://doi.org/10.1016/j.rser.2016.11.252

Payne, J., Vizek, M., and J. Lee. “Stochastic Convergence in Per Capita Fossil Fuel Consumption in U.S. States.” Energy Economics vol. 62 (2017): 382–395. https://doi.org/10.1016/j.eneco.2016.03.023

Posedel, P., Tkalec, M., Vizek, M., and J. Lee. “Time-Varying Integration of the Sovereign Bond Markets in European Post-transition Economies.” Journal of Empirical Finance vol. 36 (2016): 30–40. https://doi.org/10.1016/j.jempfin.2015.12.005

Njavro, M., Posedel, P., and M. Vizek. “Regime Switching Behaviour of Real Estate and Equity Prices in Emerging Countries.” Prague Economic Papers 25, no. 4 (2016): 396–410. https://doi.org/10.18267/j.pep.560

Tkalec, M., and M. Vizek.”The Price Tag of Tourism: Does Tourism Activity Increase Prices of Goods and Services?” Tourism Economics 22, no. 1 (2016): 93–109. https://doi.org/10.5367/te.2014.0415

Budak, J., and M. Vizek. “The corruption mark-up: Is corruption cost incorporated in the prices of goods and services in emerging and developed countries?” Post-Communist Economies 27, no. 2 (2015): 247–255. https://doi.org/10.1080/14631377.2015.1026702

Tkalec, M., Vizek, M., and M. Verbič. “Balance Sheet Effects and Original Sinners’ Risk Premiums.” Economic Systems 38, no. 4 (2014): 597–613. https://doi.org/10.1016/j.ecosys.2014.05.005

Ahec, A., Čeh, Č. A., and M. Vizek. “The effect of housing and stock market wealth on consumption in emerging and developed countries.” Economic Systems 38, no. 3 (2104): 433–450. https://doi.org/10.1016/j.ecosys.2014.03.001

Čeh, Č. A., and M. Vizek. “Interactions between Real Estate and Equity markets: an Investigation of Linkages in Developed and Emerging Countries.” Czech Journal of Economics and Finance 64, no. 2 (2014): 100–119. https://ideas.repec.org/a/fau/fauart/v64y2014i2p100-119.html

Ahec, Š. A., Čeh, Č. A., and M. Vizek. “Does housing wealth affect private consumption in European post transition countries? Evidence from linear and threshold models.” Post-Communist Economies 24, no. 1 (2012): 73–85. https://doi.org/10.1080/14631377.2012.647629

Posedel, P., and M. Vizek. “Are house prices characterized by threshold effects? Evidence from developed and post-transition countries.” Czech Journal of Economics and Finance 61, no. 6 (2011): 584–600. https://ideas.repec.org/a/fau/fauart/v61y2011i6p584-600.html

Ivanov, M., Tkalec, M., and M. Vizek. “Determinants of financial euroization in a post-transition country: Do threshold effects matter?” Czech Journal of Economics and Finance 61, no. 3 (2011): 230–251. https://ideas.repec.org/a/fau/fauart/v61y2011i3p230-251.html

Posedel, P., and M. Vizek. “House price determinants in transition and EU-15 countries.” Post-Communist Economies 21, no. 3 (2009): 327–343. https://doi.org/10.1080/14631370903090640

Vizek, M., and T. Broz. “Modelling Inflation in Croatia.” Emerging Markets Finance and Trade 45, no. 6 (2009): 87–98. https://doi.org/10.2753/REE1540-496X450606

Research Grants

2023–2024: Team member for Boston University on an Office of Ergonomics Research Committee grant entitled, “Working from Home and Well-being: An Ecological Momentary Assessment Research Approach.”

2020–2024: Principal Investigator (PI) for Institute of Economics, Zagreb, on a Croatian Science Foundation grant entitled, “Too much of a good thing? The effects of tourism on the housing market in Croatia.”

2019–2021: Team member for Institute of Economics, Zagreb, on an Erasmus+ KA203 grant entitled, “Inspiring digital entrepreneurship.”

2016–2018: Team member for Institute of Economics, Zagreb, on a European Commission Horizon 2020 grant entitled, “Strengthening scientific and research capacity of the Institute of Economics, Zagreb as a cornerstone for Croatian socioeconomic growth through the implementation of smart specialisation strategy – SmartEIZ.”

2015–2018: Team member for Institute of Economics, Zagreb, on a Croatian Science Foundation grant entitled, “Channels and effectiveness of fiscal devaluations.”

2014–2017: Principal Investigator (PI) for Institute of Economics, Zagreb, on a Croatian Science Foundation grant entitled, “Economic, statistical and political aspects of sovereign bond markets.”

2009–2010: Principal Investigator (PI) for Institute of Economics, Zagreb, on a Global Development Network and CERGE-EI grant entitled, “Determinants of house prices in transition economies.”

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