Empirical investigation of crisis impacts on tourism development

Petrevska, Biljana (2013) Empirical investigation of crisis impacts on tourism development. In: International Conference “Good Governance in Developing Countries”, 5-7 Dec 2013, Tirana, Albania.

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In the first decade of the 21st century, tourism was faced with many different events, some having negative effects on world tourism industry. The global economic crisis was the one provoking profound damages. This research makes an attempt to describe and clarify the effects of the world economic crisis on tourism development by elaborating the case of Macedonia. Moreover, it argues the consequences, in the first line the negative ones, to the overall economic growth. For that purpose, this empirical investigation generally covers comparative analyses based on stylized facts obtained from desk-research and available sources of secondary data. In this line, some commonly applied economic parameters are posed, thus identifying tourism industry in Macedonia during a sample 2002-2012. Since the quantitative analyses do not always disentangle key facts necessary for pointing out concluding remarks regarding particular issues, analyses based on qualitative approach are additionally introduced. The research findings point to fact that Macedonia was not immune to the negative shocks provoked by the world economic crisis that interrupted the upward tourism trend. Furthermore, the research underscores the necessity for continuous analysis of tourism economic impacts as an important consideration for strengthening national economy. Finally, the paper gains additional importance since the outcomes pose some valuable considerations to all tourism key-actors responsible for creating economic development strategies in Macedonia.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Crisis, Tourism; Economic development; Macedonia
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Biljana Petrevska
Date Deposited: 23 Dec 2013 09:05
Last Modified: 23 Dec 2013 09:05
URI: https://eprints.ugd.edu.mk/id/eprint/8465

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