Abstract
The importance of the tourism sector for the successful functioning of the national economy differs considerably from one country to another. Economic research has mainly dealt with the impact of tourism on economic growth, development and employment. The subject of this paper is an examination of the tourism sector as a possible factor in reducing the balance of payments deficit in the Republic of Serbia. The goal of the research is to find out to what extent the tourism sector can contribute to the correction of the disequilibrium in balance of payments of the Republic of Serbia. Secondary data analysis, comparative methods and correlation analysis were used in the research. The results of the research indicate that the decline in imports of tourist services, due to the change of direction of domestic tourist demand, can have a positive effect on the reduction of the current account deficit and, consequently, the balance of payments deficit in the Republic of Serbia.
Publisher
Centre for Evaluation in Education and Science (CEON/CEES)
Subject
General Medicine,General Chemistry
Reference33 articles.
1. Alp, E., & Gene, E. (2015). The relation between current account deficit and tourism: The case of Turkey. International Journal of Economics and Financial Issues, 5(2), 448-453;
2. Arslanturk, Y., & Atan, S. (2012). Dynamic relation between economic growth, foreign exchange and tourism income: An econometric perspective on Turkey. Journal of Business, Economics & Finance, 1(1), 30-37;
3. Bacović, M., Jaćimović, D., & Cerović-Smolović, J. (2020). Impact of export of travel services on current account balance and growth in Mediterranean countries. Prague Economic Papers, 29(6), 710-728. https://doi.org/10.18267/j.pep.748;
4. Balaguer, L., & Cantavella-Jorda, M. (2002). Tourism as a long-run economic growth factor: The Spanish case. Applied Economics, 34, 877-884;
5. Bošković, N., Despotović, D., & Ristić, L. (2020). Negative effects of the Covid-19 pandemic on international tourism. Ecologica, 28(102), 271-276. https://doi.org/10.18485/ecologica.2021.28.102.19;
Cited by
4 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献