Tourism as a Function of the Economic Development of Serbia
Boban Dasic - Kosovo and Metohija Academy of Applied Studies, Dositeja Obradovića, bb, 38218 Leposavić, Serbia
Radmila Trklja - Kosovo and Metohija Academy of Applied Studies, Dositeja Obradovića, bb, 38218 Leposavić, Serbia
DOI: https://doi.org/10.31410/tmt.2022-2023.77
Boban Dasic - Kosovo and Metohija Academy of Applied Studies, Dositeja Obradovića, bb, 38218 Leposavić, Serbia
Radmila Trklja - Kosovo and Metohija Academy of Applied Studies, Dositeja Obradovića, bb, 38218 Leposavić, Serbia
DOI: https://doi.org/10.31410/tmt.2022-2023.77
7th International Thematic Monograph - Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2022/2023, Published by: Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, North Macedonia; ISSN 2683-5673, ISBN 978-86-80194-56-1 ; Editors: Vuk Bevanda, associate professor, Faculty of Social Sciences, Belgrade, Serbia; Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia, Printed by: SKRIPTA International, Belgrade
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 na- tional economies without tourism. After the oil and chemical industry, tour- ism ranks third in terms of contribution to economic growth and develop- ment 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 charac- terized 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 impor- tance of tourism as one of the determinants of the development of the na- tional economy.
Keywords: Tourism; Economic growth and development; National economy
REFERENCES
Adamou, A., & Clerides, S. (2009). Tourism, Development and Growth: International Evidence and Lessons for Cyprus. Cyprus Economic Policy Review, 3(2), 3-22.
Charbel, S. (2012). Sustainable and competitive tourism: A Mediterranean cooperation. Confer- ence of Politics of Tourism for Apulia Region. Italy: Bari. doi 10.13140/2.1.4573.1520 Dimitrovski, D., & Milutinović, S. (2014). Mesto i uloga turizma u privredi Srbije, HiT menadž-
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Guo, L., Liu, K., Song, Y., & Yang, Z. (2022). Recovering hotel room sales during the COV- ID-19 pandemic: Lessons from OTA information using the quantile regression approach. Current Issues in Tourism. 25(1), 94–114. https://doi.org/10.1080/13683500.2021.1900079
Hoarau, J. F. (2022). Is international tourism responsible for the outbreak of the COVID-19 pan- demic? A cross-country analysis with a special focus on small islands. Review of World Economics, 158, 493–528. https://doi.org/10.1007/s10290-021-00438-x
Iastremska, O., & Kononova, O. (2021). FORECASTING OF THE TOURISM INDUSTRY DE- VELOPMENT AND THE COVID-19 PANDEMIC CONSEQUENCES: GEOGRAPHI-
CAL AND INTERNATIONAL ORIENTATION. Three Seas Economic Journal, 2(2),
54-61. https://doi.org/10.30525/2661-5150/2021-2-9
Khalid, U., Okafor, L. E., & Burzynska, K. (2021). Does the size of the tourism sector influ- ence the economic policy response to the COVID-19 pandemic?, Current Issues in Tour- ism, 24(19), 2801-2820. https://doi.org/10.1080/13683500.2021.1874311
Khoja, A. H. A., Kovačević, M., Gardašević, J., & Ali Mohamoud, O. (2021). Održivi tu- rizam u funkciji privrednog razvoja, Ecologica, 28(103), 355-362. https://doi.org/10.18485/ ecologica.2021.28.103.4
Korinth, B. (2022). Impact of the COVID-19 Pandemic on International Tourism Income in Tourism Receiving Countries. Sustainability, 14(19), 12550. https://doi.org/10.3390/ su141912550
Lakićević, M., Žarevac Bošković, M., & Sagić, Z. (2019). Uticaj turizma na regionalni razvoj, III Međunarodna naučno stručna konferencija: Regionalni razvoj i saradnja, Zbornik ra- dova, Pirot, 103-112.
Lin, Y. C., & Chen, C. M. (2021). How do hotel characteristics moderate the impact of COV- ID-19 on hotel performance? Evidence from Taiwan. Current Issues in Tourism. 25(8). 1192–1197. https://doi.org/10.1080/13683500.2021.1910213
Liu, A., Kim, Y. R., & Song, H. (2022). Toward an accurate assessment of tourism economic im- pact: A systematic literature review. Annals of Tourism Research Empirical Insights, 3(2), 100054. https://doi.org/10.1016/j.annale.2022.100054
Meyer, D. F., & Meyer, N. (2015). The role and impact of tourism on local economic develop- ment: A comparative study, African Journal for Physical, Health Education, Recreation and Dance (AJPHERD) Volume 21(1:1), 197-214.
Mihalič, T. (2014). 3. Tourism and Economic Development Issues. Tourism and Development,
77-117. https://doi.org/10.21832/9781845414740-005
Milanović, S., & Perić, G. (2022). Konkurentnost sektora turizma: komparativna analiza Re- publike Srbije i Republike Hrvatske, XXVII naučni skup: Regionalni razvoj i demograf- ski tokovi zemalja Jugoistočne Evrope, Ekonomski fakultet Univerziteta u Nišu, 463-471.
Nagaj, R., & Žuromskaitė, B. (2021). Tourism in the Era of Covid-19 and Its Impact on the En- vironment. Energies. 14(7):2000. https://doi.org/10.3390/en14072000
NBS. (2022). Platni bilans Republike Srbije 2007-2021. šira šema, https://nbs.rs/sr_RS/ drugi-nivo-navigacije/statistika/platni_bilans/
Nyasha, S., Odhiambo, N. M., & Asongu, S. A. (2021). The Impact of Tourism Development on Economic Growth in Sub-Saharan Africa, The European Journal of Development Re- search, 33(6), 1514-1535. https://doi.org/10.1057/s41287-020-00298-5
Petković, G., Pindžo, R., & Bradić Martinović, A. (2022). Competitiveness factors of Serbian
tourism, Ekonomika preduzeća, 70(1-2), 113-127. https://doi.org/10.5937/ekopre2202113p Petković, G., Zečević, B., & Pindžo, R. (2011). Turizam kao deo nacionalne ekonomije, Ekono-
mika preduzeća, 59(1-2), 89-97.
Posthumus, H. (2016). Applying multipliers in tourism, Case study, BEAM Exchange, Lon- don. https://beamexchange.org/uploads/filer_public/31/7b/317b104a-3e3b-498f-a6e6- ed943e48bede/multipliers_tourism_ppse.pdf
Radukić, S., & Kostić, Z. (2019). What is the impact of price factors on sustainable tourism com- petitiveness? 4th International Thematic Monograph - Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 169-182. https://doi.org/10.31410/ tmt.2019.169
RZS. (2022a). Bilten - Anketa o radnoj snazi u Republici Srbiji, 2021, RZS, Beograd.
RZS. (2022b). Bruto domaći proizvod 2021, Saopštenje – Nacionalni računi – Statistički nacion- alni računi, RZS, Belgrade, https://publikacije.stat.gov.rs/G2022/HtmlL/G20221275.html
RZS. (2022c). Statistički godišnjak Republike Srbije 2022, RZS, Beograd.
SKGO. (2021). Banjski turizam u Srbiji – Vodić za lokalne vlasti, Stalna konferencija gradova i opština, Most Europa, Beograd.
Službeni glasnik RS br. 98/2016. (2016). Strategija razvoja turizma Republike Srbije za period od 2016. do 2025. godine, https://www.pravno-informacioni-sistem.rs/SlGlasnikPortal/eli/ rep/sgrs/vlada/strategija/2016/98/1
Stanić, M., & Vujić, T. (2016). Turizam kao faktor ekonomskog razvoja, ZBORNIK RADO- VA UNIVERZITETA SINERGIJA, 1(2). 14-19. https://doi.org/10.7251/ZRSNG1602014S
Stojanović, V. (2011). Turizam i održivi razvoj, Departman za geografiju, turizam i hotelijerst- vo, PMF Univerziteta u Novom Sadu, Novi Sad.
UNWTO. (2017). UNWTO Tourism Highlights 2017 Edition, Madrid, Spain. UNWTO. (2019). International Tourism Highlights 2019 Edition, Madrid, Spain.
UNWTO. (2022). Tourism Grows 4% in 2021 but Remains Far Below Pre-Pandemic Levels, https://www.unwto.org/news/tourism-grows-4-in-2021-but-remains-far-below-pre-pan- demic-levels
Uppink, L., & Soshkin, M. (2022). Travel & Tourism Development Index 2021, Rebuilding for a Sustainable and Resilient Future, WEF, Geneva. https://www3.weforum.org/docs/WEF_ Travel_Tourism_Development_2021.pdf
Vujović, S., Cvijanović, D., & Štetić, S. (2012). Destinacijski koncept razvoja turizma, Institut
za ekonomiku poljoprivrede, Beograd.
Wong, I. A., Ou, J., & Wilson, A. (2021). Evolution of hoteliers’ organizational crisis commu- nication in the time of mega disruption. Tourism Management, 84 (6), 104257, https://doi. org/10.1016/j.tourman.2020.104257
WTTC. (2022). Travel & Tourism Economic Impact 2022, Global Trends, London. https://wttc. org/Portals/0/Documents/Reports/2022/EIR2022-Global%20Trends.pdf
Keywords: Tourism; Economic growth and development; National economy
REFERENCES
Adamou, A., & Clerides, S. (2009). Tourism, Development and Growth: International Evidence and Lessons for Cyprus. Cyprus Economic Policy Review, 3(2), 3-22.
Charbel, S. (2012). Sustainable and competitive tourism: A Mediterranean cooperation. Confer- ence of Politics of Tourism for Apulia Region. Italy: Bari. doi 10.13140/2.1.4573.1520 Dimitrovski, D., & Milutinović, S. (2014). Mesto i uloga turizma u privredi Srbije, HiT menadž-
ment, 2(1), 57-64.
FREN. (2019). Kvartalni monitor, br. 57, Osvrt 2. Međunarodna konkurentnost srpskog turiz- ma, Beograd.
FREN. (2020). Kvartalni monitor, br. 61, Osvrt 2. Turistički sektor u Republici Srbiji tokom tra- janja pandemije, Beograd.
Guo, L., Liu, K., Song, Y., & Yang, Z. (2022). Recovering hotel room sales during the COV- ID-19 pandemic: Lessons from OTA information using the quantile regression approach. Current Issues in Tourism. 25(1), 94–114. https://doi.org/10.1080/13683500.2021.1900079
Hoarau, J. F. (2022). Is international tourism responsible for the outbreak of the COVID-19 pan- demic? A cross-country analysis with a special focus on small islands. Review of World Economics, 158, 493–528. https://doi.org/10.1007/s10290-021-00438-x
Iastremska, O., & Kononova, O. (2021). FORECASTING OF THE TOURISM INDUSTRY DE- VELOPMENT AND THE COVID-19 PANDEMIC CONSEQUENCES: GEOGRAPHI-
CAL AND INTERNATIONAL ORIENTATION. Three Seas Economic Journal, 2(2),
54-61. https://doi.org/10.30525/2661-5150/2021-2-9
Khalid, U., Okafor, L. E., & Burzynska, K. (2021). Does the size of the tourism sector influ- ence the economic policy response to the COVID-19 pandemic?, Current Issues in Tour- ism, 24(19), 2801-2820. https://doi.org/10.1080/13683500.2021.1874311
Khoja, A. H. A., Kovačević, M., Gardašević, J., & Ali Mohamoud, O. (2021). Održivi tu- rizam u funkciji privrednog razvoja, Ecologica, 28(103), 355-362. https://doi.org/10.18485/ ecologica.2021.28.103.4
Korinth, B. (2022). Impact of the COVID-19 Pandemic on International Tourism Income in Tourism Receiving Countries. Sustainability, 14(19), 12550. https://doi.org/10.3390/ su141912550
Lakićević, M., Žarevac Bošković, M., & Sagić, Z. (2019). Uticaj turizma na regionalni razvoj, III Međunarodna naučno stručna konferencija: Regionalni razvoj i saradnja, Zbornik ra- dova, Pirot, 103-112.
Lin, Y. C., & Chen, C. M. (2021). How do hotel characteristics moderate the impact of COV- ID-19 on hotel performance? Evidence from Taiwan. Current Issues in Tourism. 25(8). 1192–1197. https://doi.org/10.1080/13683500.2021.1910213
Liu, A., Kim, Y. R., & Song, H. (2022). Toward an accurate assessment of tourism economic im- pact: A systematic literature review. Annals of Tourism Research Empirical Insights, 3(2), 100054. https://doi.org/10.1016/j.annale.2022.100054
Meyer, D. F., & Meyer, N. (2015). The role and impact of tourism on local economic develop- ment: A comparative study, African Journal for Physical, Health Education, Recreation and Dance (AJPHERD) Volume 21(1:1), 197-214.
Mihalič, T. (2014). 3. Tourism and Economic Development Issues. Tourism and Development,
77-117. https://doi.org/10.21832/9781845414740-005
Milanović, S., & Perić, G. (2022). Konkurentnost sektora turizma: komparativna analiza Re- publike Srbije i Republike Hrvatske, XXVII naučni skup: Regionalni razvoj i demograf- ski tokovi zemalja Jugoistočne Evrope, Ekonomski fakultet Univerziteta u Nišu, 463-471.
Nagaj, R., & Žuromskaitė, B. (2021). Tourism in the Era of Covid-19 and Its Impact on the En- vironment. Energies. 14(7):2000. https://doi.org/10.3390/en14072000
NBS. (2022). Platni bilans Republike Srbije 2007-2021. šira šema, https://nbs.rs/sr_RS/ drugi-nivo-navigacije/statistika/platni_bilans/
Nyasha, S., Odhiambo, N. M., & Asongu, S. A. (2021). The Impact of Tourism Development on Economic Growth in Sub-Saharan Africa, The European Journal of Development Re- search, 33(6), 1514-1535. https://doi.org/10.1057/s41287-020-00298-5
Petković, G., Pindžo, R., & Bradić Martinović, A. (2022). Competitiveness factors of Serbian
tourism, Ekonomika preduzeća, 70(1-2), 113-127. https://doi.org/10.5937/ekopre2202113p Petković, G., Zečević, B., & Pindžo, R. (2011). Turizam kao deo nacionalne ekonomije, Ekono-
mika preduzeća, 59(1-2), 89-97.
Posthumus, H. (2016). Applying multipliers in tourism, Case study, BEAM Exchange, Lon- don. https://beamexchange.org/uploads/filer_public/31/7b/317b104a-3e3b-498f-a6e6- ed943e48bede/multipliers_tourism_ppse.pdf
Radukić, S., & Kostić, Z. (2019). What is the impact of price factors on sustainable tourism com- petitiveness? 4th International Thematic Monograph - Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 169-182. https://doi.org/10.31410/ tmt.2019.169
RZS. (2022a). Bilten - Anketa o radnoj snazi u Republici Srbiji, 2021, RZS, Beograd.
RZS. (2022b). Bruto domaći proizvod 2021, Saopštenje – Nacionalni računi – Statistički nacion- alni računi, RZS, Belgrade, https://publikacije.stat.gov.rs/G2022/HtmlL/G20221275.html
RZS. (2022c). Statistički godišnjak Republike Srbije 2022, RZS, Beograd.
SKGO. (2021). Banjski turizam u Srbiji – Vodić za lokalne vlasti, Stalna konferencija gradova i opština, Most Europa, Beograd.
Službeni glasnik RS br. 98/2016. (2016). Strategija razvoja turizma Republike Srbije za period od 2016. do 2025. godine, https://www.pravno-informacioni-sistem.rs/SlGlasnikPortal/eli/ rep/sgrs/vlada/strategija/2016/98/1
Stanić, M., & Vujić, T. (2016). Turizam kao faktor ekonomskog razvoja, ZBORNIK RADO- VA UNIVERZITETA SINERGIJA, 1(2). 14-19. https://doi.org/10.7251/ZRSNG1602014S
Stojanović, V. (2011). Turizam i održivi razvoj, Departman za geografiju, turizam i hotelijerst- vo, PMF Univerziteta u Novom Sadu, Novi Sad.
UNWTO. (2017). UNWTO Tourism Highlights 2017 Edition, Madrid, Spain. UNWTO. (2019). International Tourism Highlights 2019 Edition, Madrid, Spain.
UNWTO. (2022). Tourism Grows 4% in 2021 but Remains Far Below Pre-Pandemic Levels, https://www.unwto.org/news/tourism-grows-4-in-2021-but-remains-far-below-pre-pan- demic-levels
Uppink, L., & Soshkin, M. (2022). Travel & Tourism Development Index 2021, Rebuilding for a Sustainable and Resilient Future, WEF, Geneva. https://www3.weforum.org/docs/WEF_ Travel_Tourism_Development_2021.pdf
Vujović, S., Cvijanović, D., & Štetić, S. (2012). Destinacijski koncept razvoja turizma, Institut
za ekonomiku poljoprivrede, Beograd.
Wong, I. A., Ou, J., & Wilson, A. (2021). Evolution of hoteliers’ organizational crisis commu- nication in the time of mega disruption. Tourism Management, 84 (6), 104257, https://doi. org/10.1016/j.tourman.2020.104257
WTTC. (2022). Travel & Tourism Economic Impact 2022, Global Trends, London. https://wttc. org/Portals/0/Documents/Reports/2022/EIR2022-Global%20Trends.pdf

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