TOURISM-LED ECONOMIC GROWTH HYPOTHESIS - AN EMPIRICAL INVESTIGATION FOR SERBIA

Autor:	Branislava Hristov Stančić, Aleksandar Đorđević, Igor Kovačević, Bojan Zečević
Rok vydání:	2022
Zdroj:	TEME. :251
ISSN:	1820-7804 0353-7919
DOI:	10.22190/teme210217014h
Popis:	As it is commonly believed that tourism contributes positively to economic growth, many developing countries rely on tourism in their efforts to enhance their economic conditions. Serbia has also given priority to the development of tourism industry as a part of its economic growth strategy. In this paper we analyze the long-term effects of tourism on the economic growth of Serbia. More specifically, the tourism-led economic growth (TLEG) hypothesis is tested, which implies that tourism is a trigger of Serbian economic growth. This study investigates the causal relations between tourism growth and economic expansion for the Serbian economy by using cointegration analysis. The obtained results show that the hypothesis of tourism-led economic growth in the Serbian economy is confirmed.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::8a6a43a21015b0388278606ce44c7b83 https://doi.org/10.22190/teme210217014h Zobrazit plný text záznamu