Tourism as a Function of the Economic Development of Serbia
Tourism as a Function of the Economic Development of Serbia

Author(s): Boban Dasic, Radmila Trklja
Subject(s): Economy, Tourism
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Tourism; Economic growth and development; National economy
Summary/Abstract: Tourism, as a branch of the economy, is characterized as a very complex and important economic category. Today, it is impossible to imagine the economic growth and development of not only global but also national economies without tourism. After the oil and chemical industry, tourism ranks third in terms of contribution to economic growth and development of the world economy. Its importance is realized through its influence on macroeconomic aggregates, which contributes to the increase of macroeconomic stability. This leads to an increase in employment and an acceleration of development at the local, regional and national levels. Empirical findings indicate that the tourism sector in the Republic of Serbia is characterized by the recovery of flows thanks primarily to the growth of domestic tourism. In this paper, the authors try to analyze the impact of tourism on the overall development of the economy of Serbia and point out the importance of tourism as one of the determinants of the development of the national economy.

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