EVALUATION OF EFFICIENCY IN TOURISM INDUSTRY
Slavica Tomic, Associate Professor
University of Novi Sad, Faculty of Economics Subotica, Segedinski put 9-11, 24000 Subotica, Serbia
Aleksandra Marcikic Horvat, Assistant Professor
University of Novi Sad, Faculty of Economics Subotica, Segedinski put 9-11, 24000 Subotica, Serbia
DOI: https://doi.org/10.31410/tmt.2018.289
Slavica Tomic, Associate Professor
University of Novi Sad, Faculty of Economics Subotica, Segedinski put 9-11, 24000 Subotica, Serbia
Aleksandra Marcikic Horvat, Assistant Professor
University of Novi Sad, Faculty of Economics Subotica, Segedinski put 9-11, 24000 Subotica, Serbia
DOI: https://doi.org/10.31410/tmt.2018.289
3rd International Thematic Monograph - Thematic Proceedings: Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2018, Published by: Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, Macedonia; ISBN 978-86-80194-14-1; Editors: Vuk Bevanda, associate professor, Faculty of Business Studies, Megatrend University, Belgrade, Serbia; Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia
Abstract: The main goal of this paper is to evaluate efficiency of regions tourism sector in order to improve
countries competitiveness on global market. Efficiency is observed as relation of multiple outputs
(international tourist arrivals, international tourism inbound receipts and tourism industry GDP) and
inputs (government expenditure and prioritization of tourism) for four-year period. Results show that
Croatia and Montenegro achieve maximal efficiency, compared to the other countries in this region.
Keywords: Efficiency Analysis, Tourism, Data Envelopment Analysis
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