The contribution of tourism industry on the GDP growth of Western Balkan countries
Tourism industry records various economic, social, political and others influences and provides itself important position in the overall economic development of many countries. The analysis of the available data of tourist arrivals and number of tourist overnight stays in observed countries of the W...
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Economics institute, Belgrade
2015-01-01
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doaj-06043e7c97f1473d9d0a3276f5a01dd22020-11-25T00:40:56ZengEconomics institute, BelgradeIndustrija0350-03732334-85262015-01-0143315917010.5937/industrija43-90020350-03731503159CThe contribution of tourism industry on the GDP growth of Western Balkan countriesČerović Slobodan0Knežević Miroslav1Matović Vladimir2Brdar Ivana3University Singidunum, Faculty of Tourism and Hospitality Management, Belgrade, SerbiaUniversity Singidunum, Faculty of Tourism and Hospitality Management, Belgrade, SerbiaSingidunum University, Faculty of BusinessUniversity Singidunum, Faculty of Tourism and Hospitality Management, Belgrade, SerbiaTourism industry records various economic, social, political and others influences and provides itself important position in the overall economic development of many countries. The analysis of the available data of tourist arrivals and number of tourist overnight stays in observed countries of the Western Balkans (Serbia, Macedonia, Montenegro) led us to conduct research in order to determine tourism contribution to the overall economic growth. Based on the modified methodology used by Brida et al. (2008) for calculating real GDP growth rates and tourism contribution to the overall economic growth, the paper indicates that tourism makes a modest direct contribution to the overall economic growth in the examined countries, regardless of the continuous increase in the number of foreign tourist arrivals. The level of tourism contribution to the overall economic growth varies and it is primarily related to diversity and quality of supply (the highest contribution is recorded in Montenegro, while lowest contribution is observed in Macedonia).http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2015/0350-03731503159C.pdftourism industryeconomic impactGDPWestern Balkans |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Čerović Slobodan Knežević Miroslav Matović Vladimir Brdar Ivana |
spellingShingle |
Čerović Slobodan Knežević Miroslav Matović Vladimir Brdar Ivana The contribution of tourism industry on the GDP growth of Western Balkan countries Industrija tourism industry economic impact GDP Western Balkans |
author_facet |
Čerović Slobodan Knežević Miroslav Matović Vladimir Brdar Ivana |
author_sort |
Čerović Slobodan |
title |
The contribution of tourism industry on the GDP growth of Western Balkan countries |
title_short |
The contribution of tourism industry on the GDP growth of Western Balkan countries |
title_full |
The contribution of tourism industry on the GDP growth of Western Balkan countries |
title_fullStr |
The contribution of tourism industry on the GDP growth of Western Balkan countries |
title_full_unstemmed |
The contribution of tourism industry on the GDP growth of Western Balkan countries |
title_sort |
contribution of tourism industry on the gdp growth of western balkan countries |
publisher |
Economics institute, Belgrade |
series |
Industrija |
issn |
0350-0373 2334-8526 |
publishDate |
2015-01-01 |
description |
Tourism industry records various economic, social, political and others influences and provides itself important position in the overall economic development of many countries. The analysis of the available data of tourist arrivals and number of tourist overnight stays in observed countries of the Western Balkans (Serbia, Macedonia, Montenegro) led us to conduct research in order to determine tourism contribution to the overall economic growth. Based on the modified methodology used by Brida et al. (2008) for calculating real GDP growth rates and tourism contribution to the overall economic growth, the paper indicates that tourism makes a modest direct contribution to the overall economic growth in the examined countries, regardless of the continuous increase in the number of foreign tourist arrivals. The level of tourism contribution to the overall economic growth varies and it is primarily related to diversity and quality of supply (the highest contribution is recorded in Montenegro, while lowest contribution is observed in Macedonia). |
topic |
tourism industry economic impact GDP Western Balkans |
url |
http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2015/0350-03731503159C.pdf |
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