Влијанието на економската и финансиската криза врз туризмот

Angelkova, Tanja and Josheski, Dushko and Dimitrov, Nikola (2010) Влијанието на економската и финансиската криза врз туризмот. IV Congress of Geographers of the Republic of Macedonia. pp. 1-10.

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The aim of this paper is to examine current macroeconomic thought about economic and financial crisis.
Since 1960’s two schools of thought are pre-dominant in macroeconomics Keynesian and neo-classical. Many
authors from neo-classical economists such as Robert Lucas (1976), gave a critique to macroeconomic policy
and characterize the existing macroeconomic models that relied upon historical aggregate data to design
macroeconomic policy as useless. They couldn’t help to design a macroeconomic policy. Many authors point out
on crisis as all bad things that could happen to good investors. Asymmetric information’s create agency
problems between investors and firms. Asymmetric information’s can distort efficient investment choices
(investors may choose less efficient projects). These may also, as a consequence increase monitoring costs, for
the investors. This will also reduce net-welfare. Here are given certain indications and accents on the impact of
economic and financial crisis on the tourism industry.

Item Type: Article
Uncontrolled Keywords: Economic crisis, financial crisis, macroeconomic policy, tourism effects
Subjects: Engineering and Technology > Other engineering and technologies
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Tanja Angelkova
Date Deposited: 22 Nov 2012 14:18
Last Modified: 19 Jun 2013 08:30
URI: https://eprints.ugd.edu.mk/id/eprint/1737

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